An independent contractor is a self-employed worker who works for organisations and individuals on a contract basis. Also known as independent contractors, independent contractors can either work for multiple different organisations and projects or agree to an exclusive relationship with one employer.
Independent contractors may have several different skills and specialisations, including graphic design, web development, IT, digital marketing, social media, public relations, and much, much more.
Working as an independent contractor provides workers with a number of freedoms not afforded to traditional employees. They can set their own schedule, choose which projects they want to work on and work remotely from any location they like.
However, with this freedom comes more responsibility. Independent contractors are responsible for their own expenses, including training, tools, equipment, and taxes.
Hiring independent contractors can also be beneficial for employers. Onboarding and training new full-time employees can be a costly process, which can be avoided with independent contractors. Employers also save money by not supplying their independent contractors with a workspace or paying for their utilities. Finally, clients aren't under any obligation to provide independent contractors with benefits such as sick leave, vacation pay, or health care, which results in further savings.
As a result, hiring independent contractors allows organisations to leverage highly skilled individuals at a fraction of the cost of full-time employees.
To know how to create an account as an independent contractor, please check this article.