We default all contract placements as W2 Contract Employees through Hired. This means that we cover the cost of social security, medicare, workers' compensation, and state and federal employment taxes for you. The fee for hiring a W2 Contract Employee is a 30% markup on the hourly rate.
There is an option to select 1099 and fill out a compliance questionnaire. If this option is selected, it will be reviewed by our legal team and may require additional documentation. We do this to protect you, Hired, and the candidate. The fee for hiring a 1099 Independent Contractor is a 15% mark-up on the hourly rate.
For the UK:
Limited Corporations: 15% markup of the candidate’s pay rate
PAYE: contact your Account Manager for more information on pricing