No doubt about it. The labor hire market is surging across the world. Some advanced economies, like Australia, are even registering increases of over 30 percent in the number of independent contractors. For businesses, the benefits are clear: lower costs, increased flexibility, less oversight.
But achieving those strategic business objectives through contractors takes time and effort. What’s more, the risks of getting contractor relationship management wrong can be a lot costlier than most firms consider. That’s because countries like Australia and New Zealand have all adopted stringent new work health and safety guidelines that foist new responsibilities onto businesses that simply host contractors.