Independent Contractors

Posted in Human Resources Terms, Total Reads: 1563

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.

Browse the definition and meaning of more terms similar to Independent Contractors. The Management Dictionary covers over 7000 business concepts from 6 categories. This definition and concept has been researched & authored by our Business Concepts Team members.

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