Plane
A Guide on Who to Hire: Contractor vs. Full-Time Employee
$100,000 a year per American job—that’s how much tech companies can save by hiring a contractor instead of a full-time employee, according to the New York Times. It can also be easier to hire quickly for a contractor position than for a full-time employee role. On the other hand, hiring contractors can bring certain challenges—because they set their own hours, work on an as-needed basis, and may work with multiple companies at once, they may be less engaged with your company and brand than full-time workers are, and they may be harder to retain for longer or multiple projects. While hiring contractors could help your business save on payroll and hire quickly for immediate projects or tasks, hiring full-time employees can mean better retention and, thus, better consistency of work in the long term.
