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What are tensions related to being an employee vs. an independent contractor in today's world?
An employee often works for a single employer, and that employer sets the work to be done, as well as the hours and place of employment. Additionally, the worker is qualified for the legal advantages of a W-2 employee.
Typically, an independent contractor runs their own firm and may work for several clients. In addition to supplying their own tools and equipment, the contractor often presents an invoice for work accomplished. Taxes on both the individual and employer sides must be paid by the independent contractor.
Independent contractors' flexibility is needed by businesses, and there is a considerable demand for their skill sets. By offering knowledge on demand, cost savings, and personnel flexibility, independent talent can give organizations a competitive edge.
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