WHAT IS A CONTINGENT WORKER?
Generally, contingent workers are hired to complete specific tasks on a per-project basis under some kind of written agreement or contract. They are not technically employees of a company so the employer has no responsibility to provide work on a permanent basis. Since they work for themselves and not the employer, contingent workers enjoy a certain degree of independence.
KNow more @ what does contingent mean?
contingent workers and independent contractors
Perhaps you know them by one of their many other names: independent contractors, seasonal workers, freelancers, consultants, workers provided by contract firms, leased employees, on-call workers, temporary help agency workers,“1099 workers” (named for the tax document that reportstheir compensation), and interns.
Contingent workers are usually not salaried, do not receive benefits (like health insurance and PTO), and are responsible for paying their own taxes because they are self-employed. The employer does not deduct federal payroll taxes, which is the main reason defining workers correctly is such a big deal for employers. If you misclassify a worker as an independent contractor when they are in fact an employee, you are liable for paying past taxes including Social Security and Medicare (FICA) and unemployment taxes. Other employee-related issues include, recordkeeping, benefits administration, and wage & hour compliance requirements like overtime pay, workers’ compensation, and family medical leave (FMLA).
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