Why businesses benefit from using contractors?
Hi, my names Alex and I work for Danbro - Contractor Accoutants
, as part of the marketing team. In this article I will be listing the points as to why businesses should consider hiring contractors over normal full time employees.
Hassle- Some businesses won't have the HR resources to handle another full time employee and the hassle that goes along with it, such as; training, holidays & social costs etc. Hiring a contractor will mean they can commence work on the project straight away without any job training & hassle, saving time and resources for the company.
Timescales- Many businesses have to complete projects set to a timescale, which may not warrant employing a full time worker that would then just need making redundant as soon as the project is complete. Since current employees probably don't have the spare time and it's not worth sacrificing the quality of their work to complete the project, it may make more sense to look into hiring a contractor to take the extra work load, as a more efficient way to complete a project.
Skills needed- Some projects may require specific specialist skill sets that current employees don't currently possess. Rather than going to the hassle and expense of training a current employee, businesses may look to hiring a contractor with the skills instead. This saves, time and money and the quality of work will be better by using someone with expertise in that field of work.
Tax advantage- A company gets taxed for each employee it has it's on its books. By taking on a contractor they avoid this tax and will save money.
Ease of recruitment- There are many recruitment agencies and websites out there making the method of finding and hiring contractors a simple & fast process. A lot simpler than going through a normal recruitment process for a full time employee. Furthermore, an
Umbrella Company can be used as a simple hassle free way to process paying contractors compliantly.
Why businesses benefit from using contractors?
By: Danbro
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