There's always a dispute between finding and hiring contractors for your company or getting an employee. Be tactful while finding contractors. It depends on which side of the fence you are on. Let's dig a little deeper to make it easier to choose between an employee or hiring an independent contractor. click here
Pros of Finding Contractors
1. Cheaper in the Long Term:
Youdon't have to legally cover all their benefits, vacation, training, etc. In the short term, you have to pay them based on per hour or job. Realistically, you don't have to cover all those expenses. Therefore, after a certain amount of time, finding contractors will reduce the amount of money you spend now.
2. Greater Flexibility:
Itis valid for two reasons. Firstly, the amount of work that you have. Let's say that suddenly you have less work. In that case, you don't hire many contractors. You don't have to go through the hiring or layoff process. Instead, what you do is hire fewer people. If you have more work, no problem, there is a lot of flexibility. Hire as many contractors as you need to hand over the workload.
Secondly,greater flexibility means you can hire specific people for specific jobs from best recruiting websites. Let's say your employees have so many skills, but you require somebody that has very specialized skills in a particular area. You have a contractor who gives you the flexibility you need and chooses the perfect person who best fits that role.
3. Easier to Fire:
Thispoint is also a part of flexibility. It depends on the agreement you have with the contractor. In smaller businesses, you usually hire a contractor for one job and pay them per job. So it's not that you . are going to fire them in the middle of the job unless they are doing horrible work. What you can do is not hire them for any futureproject.
That's how you fire people in contracting. Therefore, the perk here is you don't have to go through the stressful and tedious process of sending employees home and ask them to pack their things up. On the other hand, a contractor is not dependent on your company. He knows somebody else will hire him. So, it's not such a big deal.
4. No Need to Train:
A contractor doesn't work for you as an employee. Therefore, you don't have any responsibility to train them. On the opposite, contractors should take care of their training. Also, that is why you are hiring them in the first place. They have shown that they have the skills for the job. You have seen the portfolio, interviewed them. So you don't have to worry about spending money on training. And finally, less paperwork is needed because you don't have to deal with their payroll and other benefits usually required in most of the workforce sectors.
5. Low Risk of Legal Violation:
Generally, contractors don't have an alliance. You are not necessarily required to pay rates over time. However, it's essential to be fair and maintain a healthy relationship with both contractors and employees. There are hardly any litigation opportunities while working with hired contractors because contractors don't come under federal law.
If you are now finding contractors, there are certain things to consider. click here.
Cons of Hiring a Contractor
1. Less Loyalty:
As compared to an employee, there is less loyalty. A contractor is not working for your company; he is working for himself. It could be an individual contractor or an independent contractor. In other words, he may want to work with you next time or not, depending on his availability. It means, if someone else offers them high rates, you will not be able to hire them. It isn't perfect because it's the same contractor that matches your requirements.
2. Lower Availability:
Whether it's an animator, designer, or writer, they are always busy with more than one project. Therefore, they are not available or ask for higher pay if you want them for your project.
3. Less Control on Their Work:
There is always less control over their work because they are not working in your office space. It's hard to know how they are performing their job or duty. They may say they had worked for 50 hours when they only worked for 25 hours in reality. How are you going to know that? You have to trust the freelancer. You have to believe that they are doing what they say and charging you a fair amount. However, experts recommend charging per job or project rather than charging per hour. Tell them the budget you have for the project and negotiate to get a better deal.
4. Brand Dilution:
Because contractors are working for themselves, they are not compelled to or interested in promoting your brand. In many cases, that means a lot of the work they do for you, later used to get work for themselves. It would also help if you had this on your contract that what happens after the job is done.
"Can they use it in their portfolio?" "Should they put a link back to your website?" Should they give you credit?" Ideally, allowing contractors to add their portfolio work is a great idea, as long as they give you credit and share the link. The problem here is that your brand gets diluted because if they were an employee, you wouldn't have to worry about putting all this in their agreement. For the interest of the employee and the company, they should agree on a point.
5. Copyright Ownership:
Copyright is another thing that should be a part of the contract. The agreement should clarify the owner of intellectual property, creative property, copyright. Otherwise, this could be an issue later on. You can seek legal action when the contractor breaches the copyright agreement. You can even get compensation for that.
Conclusion
Hiring contractors for a short term project within your firm is very profitable. However, profit gain will only happen when the freelancer is skilled and reliable. This article describes the top five pros and cons of finding contractors.
