The recent economic downturn created a huge resource of independent contractors in the American economy. Independent contractors are individuals or businesses that provide their services to the general public on an as-needed basis. So how does an organization determine if they should develop the capacity to perform work with employees or to buy the service from an independent contractor? Sometimes organizations fail to see the difference and end up in trouble. Please, read Independent Contractor (Self Employed) or Employee? (2012, February). IRS.
Link: https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee
A fundamental question for organizations is whether they should buy (outsource) or develop talent needed.
Please answer the following question:
1.Based on study of compensation and benefits so far, what are some reasons for and against outsourcing?
2.Please do NOT consider offshoring in your response.
Please write the paper between 450-600 words in length.For these papers I don’t need abstract, introductions or conclusion. Please answer the question methodically.