Hello and welcome to Episode 38 of the People Powered Business Podcast!
Today we are discussing the differences between employees and contractors.
Small business and fast growing entrepreneurial organisations who are looking to service more clients and bigger projects faster and more efficiently have always been creative in how to manage this growth in their organisations.
One of the key strategies many small business use to facilitate growth in a low risk, cost effective way, is engaging contractors rather than employees to help meet their growing client demands. And there are lots of great arguments for why businesses should utilise this option.
However, with the prevalence of contract labour available, and the fact that this now seems to have become ‘common practice’ amongst small businesses, the line between what constitutes and employee and a contractor has become blurred in the eyes of many business owners. And those who don’t understand this are finding themselves caught in costly and potentially business destroying legal battles, purely because the right structure has not been put in place at the outset.
In todays episode we unpack the key differences so you can understand whether you are in fact engaging and employee or a contractor so you can put the appropriate strategies and frameworks in place to protect your business.
As promised, to help you determine the type of worker you have we have prepared an employee v’s contractor decision making tool for you to use: Get your decision making tool here. If you’d like to reach out to us with feedback or suggestions or ideas about future topics for the podcast you can reach us on Facebook at www.facebook.com/peoplepoweredbusiness or you can email Kristy-Lee directly at [email protected]