Explore BrainMass
Share

Explore BrainMass

    Independent Contractors or Contingent Employees

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    The recent economic downturn following several decades of corporate downsizing has had an interesting result in the labor market. There is a veritable army of independent contractors (ICs) and services providing contingent workers (CWs) available to fill any need. There is no job that cannot be completed using ICs or CWs. The question is: when is this the best alternative?

    • Discuss the advantages and disadvantages of independent contractors and contingent employees.
    º Explain the impact on operations, particularly production and efficiency.
    º Explain the impact on costs.
    • Is there an impact on employee morale? Explain with examples.

    • What are the legal issues involved in choosing to buy talent using ICs or CWs?

    © BrainMass Inc. brainmass.com October 10, 2019, 6:44 am ad1c9bdddf
    https://brainmass.com/business/business-management/independent-contractors-contingent-employees-554799

    Solution Preview

    Hi,

    Due to the change in the economic environment, many organizations are choosing to use ICs or CWs instead of contractual employees. One of the main disadvantages of this strategy is related to the potential for inefficiency and lack of productivity. "Because a contingent worker manages himself, a company has only monetary control over the worker" (Reeves, 2013, para 4). This means that the company cannot set specific hours for a contingent employee and can run into some difficulties with disciplinary action to correct the productivity and inefficiency issues since the CW is not an actual contracted ...

    Solution Summary

    The independent contractors or contingent employees are examined. The impacts on employee morale are given.

    $2.19