Question

Should a business owner hire independent contractors instead of employees?

Should a business owner hire independent contractors instead of employees?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

I think business owners should hire independent contractors instead of employees. Independent contractors can reduce costs and efforts of the firm. Firstly, independent contractors can be hired or discharged from work easily as compared to employees without much legal hassle. Secondly, the benefits extended to the independent contracts are much less than the same extended to employees. This can reduce costs for the firm. Thirdly, hiring independent contractors reduces instances of costly lawsuits, which are common while in case of hiring and firing employees. Fourthly, independent contractors provide flexibility to an organization as it can change its organizational plans easily by getting rid of the unwanted workers in case of business failure or change in external environment.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Why should a business use social media to hire snd fire employees?
Why should a business use social media to hire snd fire employees?
Jim owns a bakery and is concerned about paying employment taxes for the independent contractors he...
Jim owns a bakery and is concerned about paying employment taxes for the independent contractors he may add to his business. Explain how employment taxes are paid for independent contractors (i.e. self-employed individuals). Why would Jim prefer to have the workers classified as independent contractors and not as his employees?
What do you think of ride services such as Uber or Lyft? Should drivers of these...
What do you think of ride services such as Uber or Lyft? Should drivers of these services be classified as independent contractors or employees? What are your legal considerations? Finally, give me your thoughts on which you would prefer if you were conducting a business. Employees or Independent Contractors?
In the short run, the owner of a firm should continue to hire additional units of...
In the short run, the owner of a firm should continue to hire additional units of labor until: the price of the product is equal to the wage rate divided by the marginal product of labor. the wage rate is equal to the price of the product multiplied by the marginal product of labor. the marginal product of labor is equal to the wage rate divided by the product price. Both a and c are correct. All of the above...
Cascade has business relationships with independent contractors, though Alan is reluctant to use them. Another possibility...
Cascade has business relationships with independent contractors, though Alan is reluctant to use them. Another possibility for expanding capacity is to outsource the miles requested by FHP. One of Overland's most reliable independent contractors has quoted a rate of $1.65 per mile. As with question 4, assume FHP would agree to pay $2.20 per mile if Cascade would sign a five-year contract. Further, assume Cascade would incur incremental fixed costs of $20,000 annually. These costs would include insurance, rental trailers,...
Are FedEX drivers independent contractors or not? Defend your answer.
Are FedEX drivers independent contractors or not? Defend your answer.
Discussion Contrast the primary differences between independent contractors, temporary employees and volunteers. Then, examine two (2)...
Discussion Contrast the primary differences between independent contractors, temporary employees and volunteers. Then, examine two (2) way2 in which each role differs from that of an employee. Justify your response. From the e-Activity, select two (2) employment discrimination laws, and then provide two (2) disparate treatment case using the same discrimination law. Review only the facts of the case, the legal issues relating to the disparate treatment, and the court’s decision. Next, outline the steps the employer could have taken...
Ethics in Business and Accounting Question Do you think that employers should be able to hire...
Ethics in Business and Accounting Question Do you think that employers should be able to hire and fire people based on social media posts based on the concept of unprofessional conduct?
3- The business owner will always _________ than his/her employees. Select one: a. face more uncertainty...
3- The business owner will always _________ than his/her employees. Select one: a. face more uncertainty about his/her income from the business b. work fewer hours for the business c. pay a lower tax rate on the income received from the business d. get paid more from the business
16.Should a company always hire the cheapest workers? Should it always hire the most productive workers?...
16.Should a company always hire the cheapest workers? Should it always hire the most productive workers? Why or why not?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT