Hiring contractors provides a great level of flexibility for your company, but as you expand and grow, you will undoubtedly start looking to build more stable workforce.
Some of your contract workers may also demonstrate notable achievements, prompting you to offer them the opportunity to become full-time team members. Or, as compliance regulations change almost on a daily basis, sometimes you might need to convert contractors into full-time employees to keep them.
Having procedures in place will improve your compliance footing and allow you to bring on top talent full-time as employees. Unlike independent contractors, who are typically self-employed and responsible for paying their own taxes (including social security and health insurance), have their own tools, and don’t require training, employees enjoy certain rights guaranteed by employment laws.
Whether your contractors are starting to resemble employees, you’re looking for intellectual property protection, or you’re keen to avoid worker misclassification risks, start with Deel’s free contractor-to-employee conversion template to keep your contractor workforce in steady shape.