Contracting is less expensive for employers than hiring employees because the company does not have to pay benefits and it gives the company more staffing flexibility.

Question

Quizplus · Accepted Answer

When employing contractors, the company does not have to pay benefits such as health insurance, paid time off, and retirement plans. Additionally, the company can easily adjust its staffing needs by hiring or releasing contractors, whereas it may be more complicated to terminate an employee.

Contracting Is Less Expensive for Employers Than Hiring Employees Because