There are several major advantages to using contractors rather than hiring permanent staff, with financial savings topping the list.
1. Save money. Even though most contractors receive more per hour than they would as a staff member to do the same work, it usually ends up costing employers more to hire employees. The client often reduces employment costs in expenses, payroll, benefits and management time. Lower overhead means less stress to bring in new business revenue to cover costs and allows the business to focus on core activities.
2. More flexibility in staffing projects. Working with contractors allows employers greater leeway in hiring and letting go of workers, which can be especially advantageous for employers with fluctuating workloads. You can hire a contractor for a specific task or project under the understanding that both parties will part company at the end of the job. A classic win-win scenario. You won’t have to face the trauma, expense and potential legal trouble that can often accompany firings and layoffs.
3. Greater efficiency when you use Contractors. These professionals bring specialised expertise to the job, they can usually be productive immediately, which eliminates the time and cost of training. By using contractors, you can expand and contract your workforce as needed, without taking unnecessary risk.