5 Reasons to Hire Independent Contractors

By MBO Partners | July 8, 2022

Share
Independent Contractors img

MIN 3 READ

Independent contractors are an important source of talent for businesses today. As we shift towards a project-based economy, it has become easier to incorporate independent talent on a regular basis.

The question is if companies will use independent contractors as part of their talent pool, but how they will engage this vital resource. Here are five reasons you should consider engaging independent professionals.

1. Independent Professionals are Well-Positioned for Project-Based Work

The move from employee to independent contractor has been accompanied by a parallel move on the part of employers, both large and small. The traditional model of hiring long-term employees is rapidly giving way to a profound paradigm shift that involves outsourcing on a project-by-project basis.

Not only does this shift entail natural financial incentives, but it also provides employers the flexibility of securing specific expertise on an as-needed basis. Companies that depend on independent contractor engagement providers like MBO Partners are more likely to have broader choices for accessing specialized talent.

The right talent can make or break your company’s competitive advantage, so having a human capital strategy that includes a safe and easy way to engage independent professionals is a must.

Check out: 5 Reasons to Hire Independent Contractors

2. Staffing Flexibility Leads to Financial Benefits

In today’s competitive talent market, the price of employment is rising. Whether lucrative or basic, the benefits packages that accompany traditional employment can quickly become prohibitively expensive.

In many cases, outsourcing talent on a project basis is more efficient than hiring a permanent employee who may become a burden after the project is completed. Independent contractors can provide the talent you need without the demands of continued employment.

Learn more: What Is Direct Sourcing: How to Start Recruiting Top Talent

3. Risks are Manageable with the Right Precautions

While the possibility of worker misclassification can never be completely eliminated, when properly managed, companies can enjoy the benefits of using independent talent with minimal risk.

Securing a reputable independent contractor engagement provider is essential, and will ensure that you have a rigorous and consistently enforced process for identifying and engaging independent professionals.

Here’s how: How to Avoid a Worker Misclassification Audit

4. The Onboarding Process Can Be Tailored to Fit Your Business Needs

Some of the hesitation in using independent talent is due to an outdated perception of onboarding complexities. Today, firms like MBO have created a simple and direct process.

Comprehensive independent workforce programs can help tailor this process to fit the needs of your business, and can often complete onboarding procedures more quickly, thoroughly, and efficiently than procurement personnel who are more familiar with serving traditional employees.

Try it: Meet the future of work with the leading independent workforce platform

5. The Independent Workforce is Highly Skilled

Workers in nearly every specialty are moving away from traditional employment and towards an independent contracting model. This includes seasonal professionals who are opting to utilize their deeply-honed experience in an open market that provides them with more control over their career, and more mature independents who have chosen to continue to contribute their skills and expertise rather than retire.

In fact, independence is quickly becoming a normal part of the overall career portfolio. This trend makes it imperative for organizations to learn to effectively integrate this talent segment into their overall workforce strategies.

Learn more: Our latest research on the independent workforce

Related Posts

consultants working at desk.
| 4 MIN READ

8 Ways to Effectively Engage Independent Contractors

August 17, 2022

MIN 4 READ Engaging independent contractors shouldn’t be complicated. Yes, navigating the risk of worker misclassification can be daunting, but there are ways to simplify the process. Many businesses today engage independent talent as part of their total workforce. As the use of independent talent has become more mainstream, so has the engagement process.    Follow these eight tips…

Consultant around a table
| 4 MIN READ

Contingent Workforce Management: What You Need to Know

August 11, 2022

MIN 4 READ Finding, engaging, and retaining skilled talent can be difficult in today’s work environment. There are many more job openings available than job seekers so where can companies find the people they need?  We believe the answer is self-employed professionals, a population that brings highly specialized services to the workforce. The number of self-employed individuals is…

consultants in office
| 2 MIN READ

How to Manage Freelancers and Independent Contractors

August 10, 2022

MIN 2 READ Learn three approaches to independent contractor engagement and tips for how to best manage your independent workforce.

Trending

Tags

Learn more about the MBO Platform

FOR INDEPENDENT
PROFESSIONALS

Start, run, and grow

your independent business with MBO

FOR
ENTERPRISES

Engage, scale, and optImize

your independent workforce