How to Make Payments When You Hire Remote Contractors

hire remote contractors

Hire remote contractors means working with someone who is not in your office. The challenge is ensuring that they meet your high standards. When hiring a remote contractor, make sure they adhere to the same company policies and agreements as your employees. This means defining metrics, benchmarks, and preparing a weekly check-in. It is also important to think about any barriers they may experience, such as unfamiliar software, language, and culture. Once you’ve determined the right contractor, you can streamline your onboarding processes by using software such as Oyster.

Read On To Find Out How You Can Use A PEO To Keep Your Team’s Finances In Check

One option for payment is SWIFT, or the Society for Worldwide Interbank Financial Telecommunications. SWIFT enables payments between financial institutions in different countries, and is an ideal way to ensure that income earned by your independent contractors is sent directly to their bank accounts. Although SWIFT is generally considered safe, this method is not entirely free. For example, because payments are routed through several banks, each bank may deduct its own fees. The fees aren’t always consistent, so be sure to check with your bank before making any payments.

Another option is oDesk, an online marketplace that allows you to find freelance contractors. ODesk vets contractors and rates them to ensure that they’re capable of meeting your needs. When you hire a remote contractor, make sure you communicate clearly with your chosen contractor and keep track of all the details and deadlines. ODesk also provides HR and payroll services, so you don’t have to worry about paying a freelancer to do a project.

You may also like...

Leave a Reply

Your email address will not be published.