Independent Contractors or Contingent Employees
The recent economic downturn following several decades of corporate downsizing has had an interesting result in the labor market. There is a veritable army of independent contractors (ICs) and services providing contingent workers (CWs) available to fill any need. There is no job that cannot be completed using ICs or CWs. The question is: when is this the best alternative?
• Discuss the advantages and disadvantages of independent contractors and contingent employees.
º Explain the impact on operations, particularly production and efficiency.
º Explain the impact on costs.
• Is there an impact on employee morale? Explain with examples.
• What are the legal issues involved in choosing to buy talent using ICs or CWs?