Hiring Consultants: Independent Contractor vs. Employee

The use of "consultants" is a widespread practice in industry. The practice is encouraged by factors such as the transient nature of most contracts, the need for specialized expertise for particular projects, and the long lead time in obtaining contracts. For these and other reasons, contractors often seek to engage consultants on a "temporary" basis in place of hiring full-time employees. Although the hourly compensation rate for a consultant can substantially exceed that of a full-time employee, the employer is not faced with the need to provide fringe benefits, and can avoid the trauma that accompanies the discharge of employees no longer needed to perform a specific contract.

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