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%

United States News News

United States United States Latest News,United States United States 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 US
 

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

United States United States Latest News, United States United States Headlines

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

These 22 companies hire 14- and 15-year-oldsDo you have a teen itching to start work? Check out this list of 22 companies that will hire teens as young as 14.
Source: wrtv - 🏆 598. / 51 Read more »

Here's why insurance companies might increase premiums soonInsuring your home or other property against major disasters may become more expensive this year as the price insurance companies pay for their own coverage continues to climb.
Source: CBSNews - 🏆 87. / 68 Read more »

Not Just BlackRock: These Companies Have Also Filed for Spot Bitcoin ETF in the USBlackRock’s filing renewed the hopes of several U.S. traditional finance firms. Here's the list of companies that have resubmitted their applications.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Pest control companies say heat sending more bugs into Bay Area homesThere’s an unexpected side effect many Bay Area residents are seeing in this heat: more bugs indoors.
Source: nbcbayarea - 🏆 596. / 51 Read more »

Culture wars put American companies on the defensiveBoycotting a beer, attacking products celebrating the LGBTQ community, and criticizing shareholders for promoting diversity: In the face of growing criticism from conservatives, American companies are backtracking on progressive corporate initiatives. The sharp reactions to some company initiatives have been amplified by political leaders including Florida governor and 2024 presidential candidate Ron DeSantis, who targeted Disney over some of its progressive positions.
Source: YahooNews - 🏆 380. / 59 Read more »