For company owners and hiring managers, finding yourself in the position to hire help is a positive step. Though the first instinct may be to hire a permanent member of the team, an independent contractor could better suit your needs. Hiring a contractor rather than a permanent employee may prove to be beneficial for a number of reasons.
Contractors can provide flexibility
As your business grows, you may find that you have a fluctuating workload and need additional help to meet the demand during busy seasons. If this is the case, a contractor can provide the necessary help for your busiest times and once the project is complete, move onto their next role.
You can look for a specific skillset
As a company owner, you may come across situations where you need a specialised skillset. Contractors often focus on a particular field and could provide a high level of knowledge and expertise.
If you hire someone with a unique set of skills, this could save you time on staff training and may be an effective way to quickly increase your company’s efficiency.
Hiring a contractor could cost less
Though they typically earn more than their permanent employed counterparts, hiring a contractor could save you money. As contractors are paid a daily rate, this will be calculated on the basis of how much work you require.
In addition, hiring a permanent employee could mean that you incur a number of tax and National Insurance responsibilities which can become costly.
How can Nixon Williams help?
As one of the UK’s leading contractor accountants, we are well-placed to provide help and support with your finances, leaving you with more time to focus on the daily running of your business. To see how Nixon Williams can help you, contact us on 01253 362062 or email firstname.lastname@example.org.