Understanding The Difference Between Employee and Independent Contractor
Whether you are a job seeker or an employer you need to understand between these two entities the employee and the independent contractor. This will help you to know the category to follow when employing or even getting employed. However, these entities are generally confused which makes it hard to hire or even get employed. It is important to find more pages and sites done on these issues to get more understanding. You will get to know more about these entities in this homepage as we have communicated what they are. Below is a guideline to guide you.
There are main differences between the employee and the independent contractor you to understand before taking the next step. By understanding these differences you are in a better position to execute your tasks well. Discover more about the difference between the employe and the independent contractor.
The employee does not work independently but under someone else. The employee also works on specific hours as agreed upon in the employment agreement. If an employee works on over time there are some rates which are agreed on between the employer and the employee. The independent contractor does not have a specific client but can serve multiple clients outside the business. The independent contractor has independence and can agree on the schedule to follow to accomplish the task.
The employee is entitled to work compensation whereas the independent contractor is not. For example, the employee will be compensated for work termination and other work-related injuries which an independent contractor may not be considered. In addition to this the employees are eligible to join employees unions where their demands and interests are attended to. The independent contractor does not have a union to join but rather works independently. Get to understand this before getting in this busy industry.
The employees lack the freedom of choice on the tasks to execute but follows the instructions of their employer. The independent contractor has the freedom to decide when to take up the task as well as how to execute it provided he accomplishes it. You need to understand that the independent contractor has the say on the rates he wants to be paid for the task. The employee may take it or leave it depending on the offer of the employer.
It is important to read more from other articles to get enlightened this issue. Learn the difference from the page and differentiate between the categories and where you fit either as a job seeker or an employer. You need to access more articles which have been done on this matter to know more about the employee and the independent contractor.