Who is w2 candidate

Do share the article if you like it. Home Blog Blog Details. You will get paid holidays or vacations. You will get sick leaves or personal leave. You will get all the govt. You will not get much time for yourself or love ones. You will not get much time from your work away.

You will be mostly surrounded by the stress as most would be on your work. You will get experience which will boost your chances of getting a job of your choice. You will get time to be familiar with your job before you plan to become a full-time employee. You will get money no matter how much, as something is better than nothing.

You will not get half of the benefits as one can aspect in a full-time position even you are working on half-time of a full-time position. You will not get much earning as per your work type and time. You will not get much time to focus on your studies. Because a company is dealing with an independent contractor, they pay to get to choose with whom they will work, for what price and for how long.

Generally, the terms and conditions of the services are specifically defined in an independent consulting agreement. Articles Recommended For You! If you enjoyed this article on Contract W2 , we recommend you read the following articles that you may equally enjoy! Sign in. Log into your account. Privacy Policy. Password recovery. About Me. Forgot your password? Get help. In that respect, I am a "W2 contractor" in that I'm contracted by my actual employer to another company.

On the other hand, if you work for a consulting company and you're a contractor to a certain company and that certain company advertises for W2 employees, you can't go to work for the same company that is the customer of the consulting company that's contracting you. In that case, someone would likely get sued.

It means that they want to hire an employee rather than an independent contractor. Employees need to be given W-2 forms. While I'm loathe to quote Wikipedia, they provided a decent summary of the differences :. The distinction between independent contractor and employee is an important one in the United States, as the costs for business owners to maintain employees is significantly higher than the costs associated with hiring an independent contractors due to federal and state requirements for employers to pay Social Security, Medicare and unemployment taxes on employees.

Likewise, employees are protected from being fired without cause, and if fired or let go for other reasons are entitled to unemployment benefits, whereas independent contractors have neither protection nor entitlement. Employees are also entitled to receive overtime pay for work performed over the hour-per-week standard, whereas independent contractors may work any number of hours including far above this standard with no change in pay.

An independent contractor can be someone who's independent typically self-incorporated and who the client company pays directly, which will require the company to issue the contractor a form But they could also be getting contractors through a consulting company and those external consultants can be working as employees of the consulting company or they could themselves be working under status. Whether the client company has to send forms to the consulting company will depend on numerous factors.

So in short, if a job description mentions "W2 only" that means that independent contractors and consulting companies need not apply because they want to hire a full employee. Sign up to join this community. The best answers are voted up and rise to the top. Stack Overflow for Teams — Collaborate and share knowledge with a private group.

Create a free Team What is Teams? Learn more. What does a job description mean by "candidates need to be able to work on a W2 basis"? Ask Question. Asked 4 years ago. Active 4 years ago. Viewed 4k times. What does it prevent?

The employer withholds taxes based on the marital status and dependents of the employee and remits different taxes to the US Government.

The account managers will ask the recruiters to source w2 candidates only since the client will hire w2 candidates only. At times recruiters are confused about visa and tax term. They search for w2 visa instead of w2 tax term.