Here are some ways to differentiate contractor from employee: To make things even more complicated, California is proactively enforcing its own definition (although it’s similar to the IRS). The IRS has put out guidance on what an independent contractor is, and isn’t. But the difference isn’t tax forms, of course. If we use tax documents to define those working for us, a 1099 is a contractor and a W2 is a full-fledged employee. You might think you have an independent contractor, but do you? Is Your Remote Executive Assistant An Employee Or Contractor? There’s the tricky little issue of employee classification compliance. It’s not only a question of what’s quicker (if in fact finding a contractor really is quicker). The considerations you face when choosing whether to hire someone as an employee or contractor aren’t just about convenience. Instead of recruitment, interviews, and payroll, you hand over the work to the contractor and pay their monthly invoice. Hiring a freelancer seems like a no-fuss approach and a good way to fast-track any backlog of work that needs to be done. Hiring A Contractor As Your Remote Executive AssistantĪs you’re probably well aware, the hiring process can be time-consuming and expensive, which is why many people are going the independent contractor route. You get the peace of mind of knowing that you’re legally covered while also working with the best talent that is getting all the benefits of employment.Īs we like to say, it’s a win-win. The good news? Subscription staffing takes care of the hiring issues, from recruitment to compliance. Hiring employees is a pain, but it’s often the right thing to do ethically and legally. This means that you can quickly run afoul of the law if you hire a freelancer or contractor as your assistant, particularly in states like California.įurthermore hiring your all-star executive assistant as a W2 employee is often what’s best for them, since W2s have additional protections under the law like minimum wage, overtime, benefits, family and medical leave, etc. Why? The role of these types of high-level EAs is often defined as W2 employee work. The kind of work that the best executive assistants do is high-trust, high-ROI, and long-term - which matters to senior leaders. There’s a reason many execs feel like they can’t live without their EA.
0 Comments
Leave a Reply. |