As we move into a new year and administration, we’re all in goal-making mode. Sure, our most immediate resolutions are to keep safe and pay our bills during this time. After those pressing goals, if you’re like me, maybe you have a goal to eat movie popcorn in a Cineplex while watching the latest big-budget […]
(Part 2 of a 2-part series on Recalibrating Risk in the Age of the Independent Worker) One third of the American workforce has declared its preference for independent work. In Part 1 of this 2-part series (which you can read here), we saw how this army of freelancers and small business consultants fills a critical […]
A half-century-old policy doesn’t protect ICs – and didn’t see the rise of independent work coming Allegations of sexual harassment against Hollywood execs, politicians, comedians and TV personalities have dominated the news. They’ve prompted a movement to expose sexual offenders beyond powerful public figures and uncover a culture of misconduct that crosses socioeconomic strata – […]
(Part 1 of a 2-part series on Recalibrating Risk in the Age of the Independent Worker) When 53 million Americans—one-third of the workforce—have declared their independence from their employers, we can no longer deny the way we work is changing. Much of it is driven by shifting labor demographics—from Millennials avoiding the 9-to-5 life and Boomers who aren’t […]
Many industry experts have estimated the size of the contingent workforce in the US, with some predicting it could approach 40% of the total workforce, or more, by 2020. Recently, no less an expert than the renowned consulting firm McKinsey & Co published a study that came to a simple conclusion: the number of people freelancing is much larger than you might think, and it is growing quickly.
Driven by seismic shifts in the workforce and the workplace, the independent workforce continues to grow. One of the key drivers behind this trend is the Baby Boomer generation.
Many organizations are legitimately confused about how to properly classify individuals as independent contractors versus employees, and as a result expose their company to significant risk.
In today’s competitive talent market many organizations engage workers as independent contractors. Strategic companies have a consistent process for classifying workers correctly. Unfortunately many companies make ad hoc decisions, or even worse, have no oversight at all which allows managers to misclassify workers and exposes the company to significant risk. Some companies do this knowingly […]