Dear Seniors,
I need your suggestion for following situatiion:
I am working as a consultant in a start-up company. Due to some financial restrictions, we have to cut down on costs. I would like to suggest my employer that we do contract to hire in future, as well as convert the existing on role employees to off role/ contractual. The company is a proprietorship company as of now, but the employer is planning to make it a pvt ltd company after 6 - 8 months from now.
I would like to know, can we do this shift from on roles to off roles in one go for all employees, or should we do it for selective employees, is there any legal implications for such action. Also in future when the company becomes a pvt ltd firm, can we hire contractual employees(only contract to hire).
An early response from your end will be appreciated, as I have to give my suggestions by Monday. Your inputs will really help me to present my idea to management.
I need your suggestion for following situatiion:
I am working as a consultant in a start-up company. Due to some financial restrictions, we have to cut down on costs. I would like to suggest my employer that we do contract to hire in future, as well as convert the existing on role employees to off role/ contractual. The company is a proprietorship company as of now, but the employer is planning to make it a pvt ltd company after 6 - 8 months from now.
I would like to know, can we do this shift from on roles to off roles in one go for all employees, or should we do it for selective employees, is there any legal implications for such action. Also in future when the company becomes a pvt ltd firm, can we hire contractual employees(only contract to hire).
An early response from your end will be appreciated, as I have to give my suggestions by Monday. Your inputs will really help me to present my idea to management.