Overview

Contract labor, otherwise known as independent contractors, are simply workers who work under individual contracts and are never hired full-time by a company (though they could work just as many hours as a traditional employee). According to the Bureau of Labor Statistics, independent contractors made up a whopping 6.9% of the American workforce in May of 2018 - and that doesn't even account for the on-call and temporary workers who make up roughly another 3% of the rest of the alternative worker statistic. These figures show that companies across the nation are employing a blended workforce strategy to diversify their workforce and support their staffing plans. It's a move that gives employers added flexibility, especially during the times that they might need it the most, like seasonal peaks and aggressive scales. As a matter of law, terms such as a Contractor, strictly dealing with a contract for services and a Subcontractor are terms that have become synonymous with a division of labor between an employee and a field of specialization. Contractors and Subcontractors are used instead of in-house employees for the simple reason they tend to cost less and create fewer forms and paperwork created by governmental entities such as IRS, Workman's Comp, State Withholding, and Unemployment Compensation to name but a few. Contractors and Subcontractors also provide their on-the-job insurance.

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