We believe there are many benefits to hiring Independent Consultants in comparison to Employees. The ultimate decision always rests with the purpose of the hire and the long-term goals of the school.
Payroll costs including payroll taxes as well as vacation, retirement, and insurance benefits are not required to be paid to Independent Consultants. These types of costs can increase your total payroll and benefit expense amounts by twenty to fifty percent or more per year.
Hiring am consultant allows you to hire people when you need them the most. You can increase staffing when it is very busy and not hire them when you do not need them. Independent Consultants work with a large amount of autonomy. They can decide how the work will be done as long as it satisfies the school’s requirements. The general rule according to the Internal Revenue Service is “an individual is an Independent Contractor if the payer has the right to control or direct only the result of the work and not what work will be done.”
Independent Consultants normally yield profits faster because they are highly skilled in certain areas. They are required to have their own certifications and licenses, so they do not need to be trained like most employees. In this way, consultants can be very efficient and effective in their work right from the beginning.