One of the ways of cutting cost in business is opting for independent contractors over employees. You can also employee women only, because they earn less haha!
ALSO READ: THE COMMON TYPES OF EMPLOYEES IN KENYA
On a serious note though, there are circumstances where independent contractors or employees are the better alternative. You don’t simply jump in. Take a look at this table to learn about the differences between the two.
|Mostly works for only one employer||Works for more than one employer to provide services required|
|Has to work within the hours set by the employer||Usually sets his or her own working hours depending on availability.|
|Mostly works at the employer’s place of business||May require to work in his or her own office|
|Usually receives employment benefits||Does not receive any employment benefits|
|The employer controls and directs his or her work||Mostly works independently|
|Does not incur costs or make investments in the work||Will incur costs associated with performing the work|
|Receives compensation in case of any workplace injury||Is not entitled to any compensation unless agreed otherwise in the agreement|