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Does it Help Organizations to Hire People as Consultants Rather Than Employees, From the Finance Point of View?

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Question added by Nitin Gupta, ACA , FP&A , Rockwell Automation
Date Posted: 2013/12/04
Rehan Qureshi
by Rehan Qureshi , Financial Consultant , Self Employeed

Totally depend upon the nature and size of the business. For some business it is okay but for some others it might not work properly.

Youssri Malek
by Youssri Malek , Chief Financial Officer CFO , Yangon Door2Door

In my opinion, that would depend on the task. If you have a specific task you want to finalize, and as Hussiesn well said, if it's well defined as well as it's success factors, it can be well done through consultant. Also the nature of work is not an executive daily work, but have a good time frame (start / end) and defined reults.

But if the task needed is an open one, no specific end, or a routine one, there is no meaning of hiring consultant, and better depend on the internal staff.

Mohammad Tohamy Hussein Hussein
by Mohammad Tohamy Hussein Hussein , Chief Executive Officer & ERP Architect , Egyptian Software Group

Yes, if the selected consultant and his/her work is aligned to the organization's strategy and if the task is will defined and its success factors are defined and agreed to by both parties.

mukkur srinivasan varadhan
by mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice

No almost the same.Consultants normally contribute like employees only.Emplyees'salary and perks together roughly equal consultants'remuneration.

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