HRM 3420 Lecture Notes - Lecture 2: Independent Contractor, Pension, Unemployment Benefits

• School: York University
• Department: Human Resources Management
• Course: HRM 3420
• Professor: Chris Sweeney

Document Summary

She owns the tools she uses to carry out the services assigned to her by the company she works for, and she has the opportunity to make profit and also, there is potential for her to encounter financial risk. So because she is an independent contractor, she is not entitled to any of the benefits that come with being an employee. It matters to the company how a person is classified because, it dictates which party is responsible for paying out employment insurance, canadian pension plan and various benefits on each of its employees, which is sometimes tasking for employers.