4 Ways Your Business Can Benefit from Independent Contractors
There are many simple and accessible ways to get in on the on-demand economy, all you need to do is develop a simple plan to ease your business into it.
The value of the on demand economy is expected to hit $57 billion dollars by the end of 2017, according to a study recently published by BIA/Kelsey, and you don’t need to develop an app or raise millions in venture capital to be a part of it. What you can do, however, is begin to hire independent contractors for your business. Here are four ways your business can benefit from independent contractors.
Prove your company’s diversity.
The on-demand economy boasts an incredibly diverse workforce as it makes up around 34% of the total US working population according to Intuit. Americans aged from 16-65, spanning from several different races, religions, and generations make up the freelance workforce. Hiring people from this independent workforce has been proven to garner a more diverse workplace.
Complete short-term and peak season projects more efficiently.
Whether faced with a project that will only take a short time to complete, or you need a few extra workers during peak season, bringing on an independent contractor is the way to go. There is no need to hire someone full-time, then have them sit there with nothing to do after the project is completed. Bringing on an independent contractor short-term will eliminate the need to go through the tedious paperwork of hiring a W2 worker, as well as provide you with the option to pay your worker either by the hour or the job.
Temporarily replace workers on extended leave.
It’s an unavoidable situation: your full-time employees will most likely take an extended leave at least once while working at your business, whether it the reason be maternity leave, a death in the family, or medical leave. Things happen and you shouldn’t panic if your employee has to take extended leave unexpectedly because you have a multitude of independent workers to choose from. However, once you do bring on an independent contractor as a temporary replacement you should find out when your original employee will return so you can give your independent contractor a timeline of how long they will be at your company.
Give workers a trial period before hiring them full-time.
It’s quite a risky leap of faith when you hire a worker on full-time after just looking at their resume and conducting an interview or two. Give yourself some peace of mind by seeing how candidates perform in the actual position before you hire them full-time. This will allow you to see how potential employees perform and behave inside your workplace. You don’t have to pay over $4,000 just tell a potential employee that it’s not working out.
The on demand economy is becoming the cutting edge on how businesses get work done. It is proving to be the most efficient way to find workers as it removes time and costs from the tiresome hiring process, and it is easier than ever to hire independent contractors with tilr! If you would like to learn more about tilr and how you can start to hire independent contractors, Email us at firstname.lastname@example.org for more information.