|
Obligations |
Permanent
Employee |
Your
Home Office |
|
Provide office space |
YES |
NO |
|
Provide equipment
(computer, desk, phone, etc.) |
YES |
NO |
|
Provide training |
YES |
NO |
|
Compute, collect and
pay federal and state taxes |
YES |
NO |
|
Pay Workman’s
Compensation |
YES |
NO |
|
Pay Unemployment Taxes |
YES |
NO |
|
Comply with OSHA
regulations |
YES |
NO |
|
Comply with Federal
Fair Labor Standards Act (FLSA) |
YES |
NO |
|
Comply with Employee
Retirement Income Security Act (ERISA) |
YES |
NO |
|
Supply medical, dental
and/or vision benefits |
YES |
NO |
|
Provide vacation,
holiday and sick days – and find temporary staff to cover those days |
YES |
NO |
|
Provide 401K or other
retirement plan |
YES |
NO |
|
Draft and enforce
employee/personnel policies |
YES |
NO |
Benefits
|
|
|
|
Pay only for “Time on
Task” (no water-cooler time) |
NO |
YES |
|
Relationship is easily
terminated |
NO |
YES |
|
Prepare a simple IRS
1099 at the end of the year |
NO |
YES |
|
Flexibility to handle
periodic business surges |
??? |
YES |
|
Constantly works to
improve skills and knowledge |
??? |
YES |
|
Fellow business owner
with vested interest in client’s success |
NO |
YES |
|
Able to provide
business to business sounding board |
NO |
YES |
|
Has a wide network of
fellow business owners to provide additional services if needed |
NO |
YES |
|
Fellow business owner
who understands the challenge of being competitive in today’s business
environment |
NO |
YES |
