Top 3 Advantages of Hiring Full-Time Employees
1. LoyaltyRegular full-time employees are generally going to be more loyal than contractors. Even though nearly all employment is "at-will" employment, full-time employees generally receive health care benefits, and other benefits, in addition to a sense of job security. These items allow employees to be free from many of the common stressors that can result in poor judgment, which can occur while working for your business.
2. PowerYou can't control a contractor in the same way you can control a regular full-time employee. By definition, contractors are supposed to be independent, and should be allowed to exercise independent judgment on how to complete a project or task. The more control an employer attempts to exert control over a contractor, such as requiring specific methods for completion of a task, the less likely it is that the contractor designation would be deemed valid if challenged. Generally, employers are not supposed to be training contractors. If your employees can have an impact on the quality of your products or services, hiring regular employees is preferable as you'll have more power to control and manage how they work.
3. MoneyWhile hiring full-time employees may be more costly upfront, it is known to lead to long term financial rewards. Happier workers are more profitable workers. A workforce that is incentivized to see the workplace succeed is more likely to be successful. Contractors are frequently left out of the success of the workplace by virtue of the fact that their success is not integral in the company's success. Additionally, a misclassification lawsuit, or federal or state action, could result in severe penalties, fines, or worse. If you haven't started your business yet, you can complete business formation documents from home with simple, DIY options customized for your state.
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