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What are the advantages of working as contingent workers?

In today's an on-demand world, freelance marketplace the contingent workers are independent contractors, consultants, or other outsourced and non-permanent workers hired on a project basis. Contingent employment is considered the best freelance platform as you can see huge growth in terms of monetary benefits as well as career growth. Contingent workers are not salaried. They do not receive benefits. They are responsible for their own taxes as they work for themselves not the company. Therefore, the company is not responsible for deducting federal and provincial taxes etc. Contingent workers also have more control over their own work than employees of a company do. They aren’t told how to complete projects or when to work. The company’s focus is not on how the work is completed but rather on the results.

Contingent workers are also known as freelancers, independent contractors, consultants, or other outsourced and non-permanent workers who are hired on a per-project basis. They can work on site or remotely. However, they are not simply temp workers—this discounts the high-value nature and complexity of today’s contingent workforce. Contingent workers are highly skilled experts in their fields.These workers are hired to complete specified tasks under a statement of work (SOW) provision. Once the project is over, they leave, though they may be called back when another project arises. As such, they are not employees of a company and the business owner has no responsibility to provide continuous work on a permanent basis.

The main advantage for contingent workers is flexibility in work. As a contingent worker, you can set your own hours and are often trusted to do your work without close supervision from your employer. Contingent employment offers flexibility to employers as well, as it makes it easier for them to adjust their workforce to account for economic or seasonal fluctuations in the marketplace.

For more information - definition of contingent workers

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