What is Contingent worker?
A contingent worker is somebody who works for a company but is not hired as a full-time employee. Contingent workers can work on a contract, on a temporary basis, or on an as-needed basis. Rather than taking a continuing, open-ended job like a permanent employee, they are frequently employed to accomplish a single project.
Many effective contingent workers can earn more money or work fewer hours than salaried employees, and in some cases, both. Contingent employees also place high importance on their autonomy. Contingent workers can select the most enticing assignments freely, and once you tell them what to do, the law allows them to determine how to accomplish it—no micromanagement is permitted.
Advantages Of Contingent Workers
- Instead of committing to recruiting permanent personnel, businesses may vary the size of their workforce as their requirements change. There is an option of working with a contingent worker again once they have completed their assignment.
- Companies must simply pay contingent workers the agreed-upon wage. They do not have to pay overtime or provide employee benefits such as health insurance or paid time off.
- Employers typically hire contingent workers for the advanced knowledge and skills they already possess, which reduces or eliminates time to productivity.