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An employee is on a company's payroll and receives wages and benefits in exchange for following the organization's guidelines and remaining loyal. A contractor is an independent worker who has autonomy and flexibility but does not receive benefits such as health insurance and paid time off.
Whilst a contractor usually belongs to an outside organisation or is self-employed, an employee with a fixed-term contract is hired by an organisation and has all the same rights and benefits as permanent employees, they're just only employed for a specific period of time.
Alaska's state minimum wage rate is $10.34 per hour. This is greater than the Federal Minimum Wage of $7.25. You are entitled to be paid the higher state minimum wage.
The law does not require you to complete a contract with your self-employed or freelance workers - a verbal contract can exist even when there is nothing in writing.
Average annual pay of employees in Alaska 2001-2020 In 2020, the average annual pay of employees in Alaska totaled to 61,732 U.S. dollars. This is an increase from 2001 levels, when this value stood at 36,170 U.S. dollars.
Permanent employees, especially those who work full time, receive paid time off for holidays and often sick, personal and vacation time. Contractual employees do not unless it is specified in their contract.
If you are a business owner or contractor who provides services to other businesses, then you are generally considered self-employed.
Definition. A permanent contract (also called indefinite contract) is a contract with no expiration date, which remains valid until either employer or employee chooses to end the agreement.
Alaskan wages were about 24 percent above comparable mainland averages. All sampled occupational groups in Alaska earned above the mainland average.
Like many other states, Alaska is an at-will employment state. This means that either employee or employer can terminate the work agreement at any time. The responsibility of the employer is to make sure that the reason for the firing is not illegal.