Formal Report

Working Full Time with Benefits Vs Working As Independent Contractor and Its Benefits

Introduction

There are some companies who prefer to hire employees as independent contractors instead of full time employees. The companies do it for several reasons. They may require particular expertise for a short period of time. This will also include discarding a few essentials present in the case of working full-time. However, at the same time it releases the contractual employees from various obligations (Carré, 2000). In fast food industry, the trend of full-time and independent contractors is quite in action. At KFC, the branch owners offer the opportunity to allow people to work in contractual basis. Delivery boys, sweepers, customer attendants and other related categories have the potential to hire e employees on a part time. This allows the company to capture the needed talent with little implications. Although there is no established Human Resource department at KFC chains, branch owners and managers have to organize the human talent and knowledge.

Purpose

To be able to compare the benefits of full-time employment and independent contractors in specific organization

Scope/Limitations

The organization may not be willing to share their information

Methods and Sources

Qualitative Research through primary and secondary sources

Name of the Organization

KFC (Kentucky Fried Chicken) founded in 1950 and has number of chains globally.

The Benefits of a Long Term Position

Expense Account

This account is also termed as Expense allowances and tends to cover the expense of the employees in the short run. The companies usually have the policy of reimbursing the expenditure of the employees when they spend against certain defined heads. These expenses include travelling, entertainment and other similar expenses regarding the business activities of the employees. In case of tax payments, the company plans their accounts either accountable or non-accountable. At KFC, the employees do not receive expense accounts (Carré, ...