And why companies like hiring them.
Hiring a contingent worker can be likened to hiring someone to cut your grass in several ways.
Just like hiring someone to cut your grass, hiring a contingent worker is a temporary solution to a specific problem. For example, if you need your grass cut because it has grown too long, you hire someone to do it, and once the job is complete, you don’t need them anymore. Similarly, when a company needs a temporary workforce to complete a project, they can hire contingent workers to fill that need.
Secondly, hiring a contingent worker is often a cost-effective solution, just like hiring someone to cut your grass. In both cases, you can hire someone to do the job without having to invest in expensive equipment or hire a full-time employee. You only pay for the services rendered, and you don’t have to worry about directly providing benefits, managing sick leave or having office space.
Next, just like hiring someone to cut your grass, hiring a contingent worker can provide you with access to specialized skills or expertise. For example, if you need someone to cut your grass, you might look for someone who has experience in landscaping and knows how to do the job correctly. Similarly, when a company needs someone with specialized skills to complete a project, they can hire a contingent worker with that specific expertise.
Finally, hiring a contingent worker is a flexible solution, just like hiring someone to cut your grass. If you only need your grass cut every two weeks, you can hire someone to do it on a part-time basis. Similarly, if a company only needs a temporary workforce for a few months, they can hire contingent workers on a project-by-project basis. Or if you live in an area where the grass grows all the time, you can hire them for as long as you’d need or like without having them move into your home.
Ok, it’s not exactly like hiring someone to cut your grass, but you get the gist of the idea. There are payroll taxes, I9 documents, possibly background checks and state and federal employment laws to understand. So, let’s take a closer look at what specifically a contingent worker or workforce is and can do for you and your business.
What is a contingent worker?
In today’s business world, hiring contingent workers is often a better choice than hiring full-time workers. Contingent workers are flexible and cost-effective, making them ideal for companies looking to scale up or down quickly without sacrificing quality.
A contingent worker is a type of worker who is hired for a specific project, assignment or period, as opposed to being a permanent employee. Contingent workers can be freelancers, independent contractors, temporary workers, consultants, or part-time employees. They are not considered permanent employees of the organization and may not receive the same benefits as regular employees, such as health insurance or retirement plans. Contingent workers are often used by organizations to provide specialized skills or expertise for specific projects or periods without having to hire permanent employees. They may work on a short-term or long-term basis, depending on the nature of the assignment.
Hiring contingent workers can be more cost-effective than hiring full-time workers. It’s less expensive to hire contingent workers than permanent ones. The employer of record service a company hires will provide benefits to the workers usually with better rates and more choices. The employer of record service also covers all the liability and workers’ compensation insurance coverages needed for the performance of the job.
Contingent workers are also more flexible and scalable than permanent workers. They can be easily removed or added depending on your business needs at any given time.
Scalability is important for companies that need to adapt quickly to changing business needs. Contingent workers can be hired on a project-by-project basis and laid off when they’re no longer needed, which makes them an attractive option for startups or businesses looking to scale up or down quickly and save money in the process.
Hiring contingent workers can help you stay lean, flexible, and efficient without sacrificing quality. If you’re looking for a way to improve the quality and efficiency of your business, hiring a contingent workforce may be the solution. Contingent workers often bring specific expertise and experience to the table, which can be beneficial for a company looking to complete a specific project.
Contingent workers can be hired on a project-by-project basis, which allows a company to adapt to changing business needs quickly and easily. For example, if the company needs someone to perform specific tasks that are not currently in their employee’s job description, they can hire a contingent worker for those tasks. They also have the flexibility to hire contingent workers when they need them or want them without having to go through all of the bureaucratic red tape associated with hiring full-time employees.
This also gives companies an opportunity to try out new workers before making long-term commitments; it’s easier for managers who aren’t sure about whether a candidate will be good at his or her job (or even able) than risk losing money from hiring someone who doesn’t work out well at all!
These are just some examples of how contingent workers can help your company. The key takeaway here is that hiring contingent workers allows you to focus on what matters most by providing flexibility, scalability, and cost-effectiveness without sacrificing quality or efficiency. At TCWGlobal, we can take care of all your contingent workforce needs.
Give us a call at 858–810–3000 or email us at firstname.lastname@example.org