4 ms·
I would say one of the benefits of hiring somebody remotely is that the employer doesn't need to care about 401K and health insurance. The company pays the work
by jordinl 8y ago
I would say one of the benefits of hiring somebody remotely is that the employer doesn't need to care about 401K and health insurance. The company pays the worker a salary and the remote worker takes care of their own taxes, pension and health care. The downside is that the remote worker is a contractor and not a real employee.
- exolymph 8y agoIf you're not providing and handling benefits, you need to pay a higher salary. But maybe still lower than you'd pay a normal contractor? Rule of thumb for contractors is generally 2x equivalent W2 salary, right? I assume that multiple doesn't hold up for remote employees who are classed as contractors legally but don't have all the business development expenses of a normal contractor.