Unmask the Cost Benefits of Contractors

As the UK faces a surge in wage inflation, reassessing your hiring strategies may be on your agenda. To provide a clearer picture, we've created a detailed comparison table outlining the costs of permanent hires and contractors. Here's what you need to know:

Contractor Costs

Contractors might initially seem more expensive, but remember:
They are paid only for the days they work.
There's no need to cover holiday or sick pay, bonuses, pension, or National Insurance contributions.
Even with wage inflation, contractor rates can offer cost efficiency.

Flexibility

Contractors can be hired at short notice and ended with a week's notice, providing agility in an unpredictable economic climate or movement in project deadlines .

Skill Sets

Contractors are adept at quickly adjusting to new environments and can fill niche skill gaps, a vital asset when completing specialist projects.