Identify the Advantages and Disadvantages of Using Contingent Workers

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The Answer is Advantages of Using Contingent Workers
When a firm employs a contingent worker, it usually does not have to provide benefits such as insurance, paid time-off, and contributions to a retirement plan. A company can easily adjust the number of contingent workers it uses to stay consistent with its business needs; a company can release contingent workers when they are no longer needed. An organization usually cannot do the same with full-time employees without creating a great deal of ill will and negatively impacting employee morale. Moreover, because many contingent workers are already specialists in a particular task, the firm does not customarily incur training costs. Therefore, the use of contingent workers enables the firm to meet its staffing needs more efficiently, lower its labor costs, and respond more quickly to changing market conditions.
Disadvantages of Using Contingent Workers
On the downside, contingent workers may not feel a strong connection to the company for whom they are working. This can result in a low commitment to the company and its projects, along with a high turnover rate. Temporary workers may already have the necessary technical training for a temporary job. However, while working for a particular company, many contingent workers gain additional skills and knowledge, which are lost to the company when the workers depart at the project's completion.

Identify the Advantages and Disadvantages of Using Contingent Workers

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Identify the Advantages and Disadvantages of Using Contingent Workers

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Correct Answer:VerifiedShow Answer

Correct Answer:
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