Importance of Hiring a 1099 Employee
If you check the relevant website, you will release that about one-tenth of the current American workforce is consists of independent contractors, proving that it is no longer just an idea. Some businesses are resorting to hiring independent contractors instead of full-time employees and perhaps it is time you start looking in that direction if you are looking to fill a vacant position here! Hiring an independent contractor instead of a full-time employee comes with a lot of advantages. You can read more on the benefits of hiring an independent contractor or a 1099 employee in this site.
On top of paying a full-time employee’s monthly salary, you will also have to pay everything including workers’ compensation which can be very expensive compared to working with a 1099 employee and you can view here for more info. One good thing about hiring an independent contractor to work for you is that you only pay for the services you need and not monthly salaries and benefits like full-time employees, a move that will help you save a lot of money that can be put to other uses.
Most full-time employees are usually employed for a long period and you can know more about it here, but these independent contractors can be recruited to fill a position temporarily as needed. If you have ever been stuck by a full-time employee whose services are no longer required then you know how inconveniencing it can be, but lucky for you, you can recruit a 1099 employee for a specific project or a short period.
Hiring a 1099 employee is not only cheap and flexible but you will also face reduced legal risks; unlike full-time employees, independent contractors are required to fend for themselves as far as insurance is concerned, saving you a lot of trouble. The fact that independent contractors fend for themselves as far as insurance is concerned as highlighted on the homepage makes them less of a legal risk than a full-time employee for your company; you will never have to be involved in costly legal battles again.
When an independent contractor quits, you simply hire the next one saving you the trouble and hassle that you have to go through every time a full-time employee quits. Hiring a 1099 employee is beneficial because they provide specialized services; unlike full-time employees, an independent contractor can be brought in for a specific purpose that will benefit your company in a big way. Hiring a 1099 employee to tackle a special project will benefit your company through the ways highlighted above.