Reasons to Hire a 1099 Employee
Working with independent contractors is not just an idea anymore as about ten percent of the American workforce is made of independent contractors working in various sectors. Hiring full-time employees have been the method of recruiting for a vacant position for years, however, if you are looking to fill a position, you may want to think about hiring an independent contractor now! There are lots of benefits that come with hiring an independent contractor as opposed to the full-time employees you are used. You can learn more about the benefits of hiring a 1099 employee in the article below.
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. Hiring a full-time employee to work for your company often comes at a high cost because of all the things you have to pay as you can learn on this page, however, you can minimize your labor expenses if you opt for a 1099 employee instead since you will only pay for the services they provide.
You should consider hiring a 1099 employee instead of a full-time employee because they allow for flexibility; if you are looking to recruit for a specific period, it is better to opt for an independent contractor. 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.
On top of paying a full-time employee’s monthly salary and other benefits, your company has to invest in insurance for them too, however, the 1099 employees on your payroll will not be your responsibility when it comes to insurance. Working with independent contractors is preferred as opposed to full-time employees because they are less of legal risk; in case they are suffering personal injuries at work, it will be a matter between them and their insurance company; your business will not be involved.
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. Discussed are the advantages of hiring a 1099 employee for your company.