Time Tracking Software for Contractors and Employees: What’s the Difference?
Businesses of all shapes and sizes have to weigh the differences and legalities when it comes to hiring staff. Depending on your company’s jurisdiction, you may have different overarching rules and labor laws that impact the expectations for job roles such as employees and independent contractors.
As a business owner or human resources (HR) professional, you might be approaching the issue of time tracking from a strictly budgetary and financial standpoint. However, there are other considerations that need to be made.
There are, of course, different benefits, costs, and obligations associated with independent contractors, but you can ask them to time track. Now independent contractors make up almost half of staff at technology firms. And estimates suggest that US companies can save as much as $100,000 a year per worker.
Based on this, it’s only natural that you’ll come across this distinction in the near future. Here’s a brief guide on time tracking contractors vs. employees:Read More