News Formal

Why Companies Hire Contract Workers And The Downside Of These Short-Stint Roles

  • 📰 Forbes
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Freelance work, side hustles and the gig economy are growing features of the modern workforce. In fact, nearly 60 million Americans consider themselves independent workers, according to an American Opportunity Survey by management consulting firm McKinsey.

There are attractive reasons for companies to hire contractors rather than full-time, permanent employees. Short-term contract workers provide on-demand services. Businesses can quickly hire them part-time to help with a sudden increase in demand without needing all the paperwork, benefits and expenses attendant with a full-time employee.

Typically, the compensation and billing for contract workers are managed by a third party, so the company doesn’t need to allocate human resources and payroll personnel to deal with all the paperwork, payments and figuring out taxes for remote workers in different states and countries.There is a major downside for the college-educated laptop class doing these short work stints. Hiring managers generally have a prejudice against contract workers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Affirmative Action is over. Will it change how companies hire?Slate Money: How did Mattel and Barbie make movie marketing the opposite of cringe
Source: Slate - 🏆 716. / 51 Read more »

Vacation rental companies pushing BEach SAFE initiativeRental and leasing agencies in Baldwin County are taking an active role in educating their visitors through repetitive messaging.
Source: FOX10News - 🏆 581. / 51 Read more »

The Supreme Court knocked down affirmative action in colleges — and companies could feel the effects tooCollege admission can often be the "entry ticket to top jobs," said dissenting Justice Sonia Sotomayor.
Source: MarketWatch - 🏆 3. / 97 Read more »