Understanding The Difference Between Employee and Independent Contractor
It is very important to find out the meaning of the employee and the independent contractor regardless of being an employers or a job seeker. This understanding makes it a bit easier to know how to execute the assigned task. There is so much confusion among people especially because they don’t understand between the two. Learn from the pages and articles written to get the idea on the matter. Therefore in this website we have discussed these two to ensure you understand them well. In this website is the manual to help you.
There are however some differences between the two which you will need to understand. You need to understand these differences as you get into the industry to know the level to fall to. 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. The employee is however paid on overtime on. The independent contractor may work for different clients outside the business. The independent contractor works on specific tasks which he is hired to perform and he can decide on how to carry it out.
The employee is entitled to work compensation whereas the independent contractor is not. Among the compensations that the employee enjoys unlike the independent contractor is work termination and work-related . The employees have the freedom to join any employees union to have their demands and interests attended to. Contrary to this the independent contractor has no union to join. 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. The independent contractor determines his pay as well as the period of delivering the task. The employee may take it or leave it depending on the offer of the employer.
Read more now from the sites and links to understand more about the differences between the employee and the independent contractor. Click for more information to understand more about the differences and the level to seek as an employer and the job seeker. There so many other articles done on this matter this you need to explore to learn more.