Workers on
contract basis definition
Answers
Answer:
They are W-2 employees working on a contract basis, meaning that they are usually hired to work on a specific project or for a specific amount of time. Client companies often hire on a contract basis because they have work that needs to be completed, but they don't want to permanently add to their headcount.
Answer:
They are W-2 employees working on a contract basis, meaning that they are usually hired to work on a specific project or for a specific amount of time. Client companies often hire on a contract basis because they have work that needs to be completed, but they don’t want to permanently add to their headcount.
The major difference between those workers and Independent Contractors is that the contractors are actually W-2 employees, but they are employed by a staffing agency or a back-office service provider such as FoxHire instead of by the company they are performing work for. There are many benefits of being a contract employee. By using contractors in this sense, the client company can still avoid many of the costs, administrative details, and hassles that come with hiring permanent employees while not exposing themselves to the risk of misclassifying someone as an Independent Contractor.