![]() ![]() W2 employees get their name because of the W-2 form employers file with the IRS to employ them. When you hire a W2 employee, you are locking a person into a contract that improves their commitment to your organization, offers more continuity in employment, and allows for greater control over working hours and conditions. It’s not that W2 employees don’t have their advantages, they certainly do. grew by 15% over the past decade alone-they’re great for the bottom line. There’s a reason the number of independent contractors, often called gig workers, in the U.S. One of the best ways to do that without hurting business results is with 1099 independent contractors. No matter how strong the economy is, employers are always looking to save money on labor. Labor costs continue to be the largest expense many employers have, representing as much as 70% of a business’s expenses according to data from Paycor. Your Independent Contractor Hiring Options.The Many Benefits of 1099 Independent Contractors.The IRS Test to Determine Independent Contractor Status.In this article, you’ll find everything you need to know about the benefits of 1099 contractors and when to hire them so you can save time and money on the hiring process and get back to what matters most-your business. Independent contractors come with several benefits, from reduced tax expenses to seasonal flexibility, that can drastically reduce your hiring costs and fill any gaps in employment. In particular, it can be challenging to balance your staffing needs with the cost of hiring fortunately, 1099 independent contractors can help you do just that. If you don’t have a dedicated HR specialist, the complexities of worker benefits, classifications, and tax requirements can leave you frustrated. Making hiring decisions is one of the most important yet challenging aspects of running a business. ![]()
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