Independent Contractors

Posted in Human Resource Terms, Total Reads: 890

Definition: Independent Contractors

These are the self-employed individuals who work for some organization on their own terms for a fee. Their working is not controlled by the organization for which they are working.

Independent contractors are very common in professions like doctors, consultants, engineers, lawyers etc. where the organization contracts an external individual rather than keeping an employee for the same work. Hence the organization also saves on the costs.

Looking for Similar Definitions & Concepts, Search Business Concepts