FASTCOLLAB
CONTRACT VS FULL-TIME EMPLOYMENT
• This article is to address both the stakeholders of this timeless dilemma – the employee as well as the employer. • Finance It appears that freelancers, on the face of it, are relatively expensive to hire. However, if hidden costs of maintaining an employee, such as training, medical insurance, paid leaves and other benefits, too are to be considered, you might realize that you are saving only a small margin of expenses by hiring full time employees over freelancers. • Adapting to added responsibilities Regular employees are more suited to take up a variety of tasks. Moreover, allowing in-house employees to rise up to the task prepares them for roles of higher responsibilities.
•
Termination of unwanted services Terminating the services of an employee, due to change in requirements, is easier to handle in case of freelancers. Conversely, freelancers are more suited for immediate hiring needs. On the other hand, if there is a need for overtime, getting regular employees to take up the work is more viable due to both expense and availability factors.
•
Level of control Another factor to consider is the level of control you will have on how the work is executed. Quite obviously, you will be able to exert more influence in navigating the workflow on a permanent employee.
Log on to : fastcollab
More Details :
contract hiring