If you were advising a new start-up company regarding whether it should hire employees or independent...
If you were advising a new start-up company regarding whether it should hire employees or independent contractors for its workforce, what would you tell them are the advantages of each?
Homework Answers
Answer : Advantages of hiring an employee in an organization are :
- In this the company decided when. , Where and how they should performed for your organization in the long run scanerio.
- Employee work for a fixed working hours and even work more whenever needed.
- Employee work for your organization so there attention is 100% dedicate to your work.
- Works under the control and direction of an employer.
- Hiring an employee provide better quality resulted and increasing growth of the business in long run.
Advantages of hiring an independent contractor to a new business are:
- Provide fast result .As they are professional and they work according to there requirements.
- Take only consultation fee . There is no need of fixed salary allowed to them.
- Provide better and faster result as they are more knowledgeable.
- Work according to there own working hours.
- Provided result and don't want interference of an employer.
So it depends upon the need and fund available with an employer that they hired new employee or individual contractor.
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