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This question is about salaries.
Do contract employees get benefits?
No, contract employees do not usually get benefits. Independent contractors are considered to be self-employed and, as such, are treated differently from permanent employees. For that reason, they are not eligible to receive tax-free benefits from the organization they are working for.
Contract workers, or independent contractors, are generally hired for specific projects or services on a shorter-term basis. Contract workers are not expected to be offered long-term employment or benefits.
The requirements for classifying an employee as a contractor include;
Responsible for their own taxes
Use their own equipment and supplies
Provide an invoice upon completion of work
Contract workers are becoming an increasingly attractive option for businesses. In fact, 90% of businesses said they intend to increase or maintain their use of contractors at current levels. Additionally, 33% of business owners said their company's success is dependent on having access to contractors.
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