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International Employees vs. Contractors: Who Should You Hire?

Here’s when you might need independent contractors, and when hiring full-time workers through an employer of record is a better idea.

When should you hire foreign independent contractors?

If the following scenarios apply to you, it might make sense to hire independent contractors:

  • You have a fluctuating workload, so you don’t always need full-time employees on your payroll.

  • You’ve just started a business and your budget is limited.

  • You’re not ready to offer all statutory employee benefits required for employees.

When should you hire employees through an employer of record?

Hiring full-time employees can bring more benefits than working with contractors if:

  • You need financial support from investors, so you want to build a steady team for the long run.

  • You want to attract talent with employee competitive benefits and perks.

  • You want more data security through company-provided equipment.

  • You want intellectual property ownership.