I have, and do. When the labor market started to go sideways, my solution was to fire my employees and rehire them as independent contractors. Now I have no employees, no insurance issues, no payroll issues, no nothing. The savings for me has been great, and this has enabled me to pay them more. They have to deal with their own taxes now, and some HAVE had issues because they’re spending Uncle Sam’s money right when they get it, but they learn to sock it away or make quarterly payments after messing that up once or twice. Pay less, get lower quality help. Period.
They may be getting paid more but what about benefits? Do you still give them vacation time, health insurance, paid holidays? When I was independent, I didn’t get any of that and on top of that I had to pay for general liability insurance.
Between all the extra costs, lack of benefits, and paying taxes, I found a new job much more profitable.
Benefits went out the door. We had a modest insurance policy that the employees benefited from, yes, but after the axing here, I just set up a computer with a HEALTHCARE.GOV sign over it and assigned someone to walk everyone through the signup, and almost everyone now has better, cheaper coverage than I could ever provide. That’s one. Two: I switched everyone to a salary, and eliminated excessive work hours that would qualify as ‘overtime’, even though they’re technically contractors now and don’t need to track their time. I judge their work by results, not how long it takes them to do it. I know most people wouldn’t go through all this, but I’m shit nothing if I lose these talented people. I DO NOT assume that i can easily replace them, most managers biggest mistake atm
I have, and do. When the labor market started to go sideways, my solution was to fire my employees and rehire them as independent contractors. Now I have no employees, no insurance issues, no payroll issues, no nothing. The savings for me has been great, and this has enabled me to pay them more. They have to deal with their own taxes now, and some HAVE had issues because they’re spending Uncle Sam’s money right when they get it, but they learn to sock it away or make quarterly payments after messing that up once or twice. Pay less, get lower quality help. Period.
Don’t you think it’d be smarter for the government to just make it easier for you to run your business rather than forcing you into using loopholes?
that would be great. Now go elect non-lunatics who are not in the tank for corporate interests and ignore culture war bs
They may be getting paid more but what about benefits? Do you still give them vacation time, health insurance, paid holidays? When I was independent, I didn’t get any of that and on top of that I had to pay for general liability insurance.
Between all the extra costs, lack of benefits, and paying taxes, I found a new job much more profitable.
Benefits went out the door. We had a modest insurance policy that the employees benefited from, yes, but after the axing here, I just set up a computer with a HEALTHCARE.GOV sign over it and assigned someone to walk everyone through the signup, and almost everyone now has better, cheaper coverage than I could ever provide. That’s one. Two: I switched everyone to a salary, and eliminated excessive work hours that would qualify as ‘overtime’, even though they’re technically contractors now and don’t need to track their time. I judge their work by results, not how long it takes them to do it. I know most people wouldn’t go through all this, but I’m shit nothing if I lose these talented people. I DO NOT assume that i can easily replace them, most managers biggest mistake atm