What are the Advantages/Disadvantages of Employees vs. Contractors?
What are the Advantages/Disadvantages of Employees vs. Contractors? When you start a new business, you will invariably decide that you need help. Most small business owners start out by hiring outside contractors to do work for them, but at some point you may decide to hire an employee or two. This article discusses the advantages and disadvantages of hiring employees vs. independent contractors.Answer: Hiring Employees An employee is a person who works in the service of another person under an express or implied contract of hire, under which the employer has the right to control the details of work performance (Black’s Law Dictionary). When you hire an employee, you get the advantage of being able to completely control and direct that person’s work during work time, to train the person in the way you want the job done, and to require that person to work only for you. You have few restrictions or limitations on what you can assign to the employee or about your ability to terminate the
