As the world progressed, the search for individual employees became a search for contractors. Due to the whole work being assigned to a single person who has a team of employees working under him is a convenience many find useful. Contractors may have more understanding of how to do the work but they don’t have to obey the rules and regulations that an employee is obligated to.Where the contractors are the best way to save a few bucks in carrying out a task, separate employees are beneficial to do work faster under your own supervision. There are benefits embedded in incorporating contractors and well as employees.
There are a lot of factors that come into play when you are choosing between hiring contractors or workers such as retirement plans, insurance plans, their salary and, in some cases, workers bringing their own supplies to work with. The main thing that you as a business owner must consider is if you want to be under control and supervise your workers or let someone else do this job.
The following infographic will help you make up your mind based on different things you want from your business.
Infographic by: Headwaycapital.com