ELI5: Explain Like I'm 5

Inside contracting

Inside contracting is when a company hires someone to work for them on a temporary basis instead of hiring them as a permanent employee. This person can be hired for a specific project or task, and they work from within the company rather than being hired from the outside. Hiring someone in this way can be helpful because the company doesn't have to worry about training them as fully as they would a permanent employee. Inside contracting can also be beneficial because the individual hired may have more specialized skills than someone the company would hire on a permanent basis. In addition, the cost of hiring someone in this way can be lower than hiring a full-time employee, because the company doesn't have to provide benefits such as healthcare, vacation time, or retirement plans. Overall, inside contracting can be a helpful way for companies to get the help and expertise they need without committing to a permanent hire.
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