BNET Feature Package
Contractors to the Rescue
Yes, it’s a leap of faith. But when head count is impossible to get, you sometimes have to let your fate fall into the hands of a part-time team. Here’s how to make sure they don’t drop the net.
In an economy full of problems, let’s assume you have a high-class one: Namely, your business is suddenly in demand. Maybe you just landed a great account, a project you really want, a few new clients. You could staff up to do the work, but too much of your business — from the health of your lenders to the stability of your clients — is up in the air for your company to risk additional head count. So you decide to do what so many businesses do today: Bring on part-timers. Not just temps, but professionals — people with specific expertise and experience who become a critical part of your team for a set time frame.
It can be a terrific solution: In this economy the workforce is full of highly experienced independent contractors willing to work on the cheap. But putting your trust in a person or a team who isn’t your own is full of obvious risks. This guide will help you find your way, with expert information on everything from how to structure compensation to how to say good-bye.
