What Are The Advantages And Disadvantages Of Contract Employment

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What are the comparative advantages and disadvantages of contract employment versus at-will employment for an employer and employee?
Contract employment is legally binding, mutually agreed upon contract between an employer and employee that documents the terms of the employment. Such terms should include the term (length) of contract, compensation and expectation of duties during the contract. Some advantages of contract employment for the employer, are savings of payroll taxes as contract employees are responsible for paying their own taxes to the IRS, training expenses as contract are hired with specialized skills and reserves of health benefits as they are generally not provided for contract employees. Some advantages of contract employment for the employee are higher wages as studies have shown that contract employees can earn upwards of 40% of conventional at-will employees (usually to cover taxes and health insurance), …show more content…

I believe that the government grants this right with appropriate limitations to both offer protection of the labor force and to prevent national emergencies as a result of a

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