From my experience of working with contractors and seeing some get fired, if you are in an industry that is desperate for help, and you are good at what you do, being a contractor can be a lucrative job. The demand in the market provides pretty good job security.
But if you are in an industry that is saturated with good workers and not as much demand, companies will stick it to you if they can find someone to do what you do for cheaper. And firing you as a contractor is easy.
We pay our contractors almost 50% more than what someone directly employed by our competition gets for doing the same job.
Outside of the benefits of not having to deal with CPP, WCB, EI, etc, etc....we are not obligated to keep him busy, and as a result, during the slow time(start of the year), our contractors tend to have other work lined up. This just makes our scheduling that much more important.
At the end of the day, they are worth every penny of the 50% more.
|