Contractor refers to the method of hiring independent contractors overseas to complete specific projects or tasks in foreign regions. Compared to hiring full-time employees, this method is more flexible as businesses can choose to hire local professionals who meet their requirements to complete the necessary work based on their specific business needs.
Fixed contracts refer to longer-term contracts, typically lasting for several months or years, that companies sign with local independent contractors. The pay period for long-term contracts is usually weekly, biweekly, or monthly.
When companies have stable business in foreign markets, need to employ specific skilled personnel for a long time, want to reduce labor costs, or need to establish sustainable business models, they often need to adopt long-term contracts.
Pay-as-you-go contracts refer to the method of paying independent contractors for their work based on hours, days, or projects during a designated timeframe. There is no fixed pay period, and the company initiates payment independently.
Under the pay-as-you-go contract model, companies only need to pay for the actual work hours or tasks completed by independent contractors, without fixed employment and management costs.
It is suitable for companies that need temporary, short-term, or irregular employees.
Milestone contracts measure the performance of independent contractors based on key performance indicators (KPIs) they have set and pay them accordingly.
Milestone contracts are a type of contract in which employers measure the performance of independent contractors based on KPIs they have set and pay them accordingly.
By using KPI indicators, contractors can have a clear understanding of their job responsibilities and standards, which can effectively improve the transparency of the employment process and motivate contractors to work with enthusiasm.
Companies can choose the pay-as-you-go contract model to initiate payment to independent contractors on an irregular basis. By using API integration and passing on contractor's name and payment amount information, real-time settlement can be achieved.
Using wallet mode, contractors can easily receive payments multiple times and withdraw them at once. Unlike traditional salary payment methods, KOLs can store their received salary in their wallets, view their balance anytime, and apply for withdrawal at any time.
This method allows KOLs to manage their salary income more flexibly. At the same time, the wallet mode reduces the intermediate steps, thereby reducing the transaction fees and delays during the payment process.