What is a contingent worker?

A contingent worker is a worker who is not a permanent employee of a company. These workers are hired on a temporary or project-based basis and do not receive the same benefits as full-time employees.

Here are some key characteristics of contingent workers:

• Temporary nature: Contingent workers are hired for a specific period or project. Their employment is not expected to be long-term. You can read more about it from https://www.wikiwhat.page/kavramlar/temporary%20work.
• Variety of roles: Contingent workers can fill a wide range of roles, from administrative positions to highly skilled technical jobs.
• Different employment arrangements: They can be employed through various arrangements, including:
  • Independent contractors: These workers are self-employed and contract with companies to provide services. You can read more about it from https://www.wikiwhat.page/kavramlar/independent%20contractor.
  • Temporary employees: These workers are employed by a temporary staffing agency, which then assigns them to work at client companies. You can read more about it from https://www.wikiwhat.page/kavramlar/temporary%20employee.
  • Freelancers: Similar to independent contractors, freelancers typically work on multiple projects for different clients simultaneously. You can read more about it from https://www.wikiwhat.page/kavramlar/freelancer.
  • Consultants: Consultants are experts in a specific field who are hired to provide advice and guidance to companies. You can read more about it from https://www.wikiwhat.page/kavramlar/consultant.
• Limited benefits: Typically, contingent workers do not receive the same benefits as full-time employees, such as health insurance, paid time off, and retirement plans.
• Flexibility: Both companies and contingent workers often value the flexibility that this type of work arrangement offers. Companies can adjust their workforce based on changing business needs, while contingent workers can often choose when and where they work.
• Cost savings: Companies may realize cost savings by using contingent workers, as they are not required to pay benefits or payroll taxes for these workers. This can also be further affected by https://www.wikiwhat.page/kavramlar/tax%20law