On the Advantages of Hiring Independent Contractors…
One of the biggest advantages of working with independent contractors is the flexibility they offer to your business. You can contract with them as needed and only repeatedly use the contractors that deliver quality work. They offer small businesses access to top talent that might otherwise be inaccessible to them in a competitive labor market.
“Independent contractors can be a more flexible resource option for new and evolving businesses,” said Nicholas Daukas, managing partner of KardasLarson.
On the Drawbacks of Hiring Independent Contractors…
Workplace culture is often seen as an intangible and, as such, is easily put on the back burner in favor of the balance sheet. However, workplace culture and a reliable core team are essential elements in a successful small business.
“Although costs are greater, employees are important culturally for an organization,” Daukas said. “[They] promote retention and teamwork.”
Not only do you lose the benefits of establishing a positive workplace culture and developing the loyalty of a cohesive team, but you also risk the sudden loss of an independent contractor. That can spell disaster if you rely on them for a large amount of work.