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The US is one of the most rapidly changing labor markets – and unless you are actively hunting for a new job, you may not know much about it. Although we now live in a world where information is instantly available, we can sometimes miss the overall trends because we are constantly being informed of…
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Open innovation, or the use of external participants to help a company solve core problems, or challenges, has grown in popularity in recent years. While organizations do not specifically rely on one generation or another to solve challenges when using open innovation, often also referred to as “crowdsourcing,” platforms supporting this type of work most…
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Millennials and Gen Z now outnumber the combined ranks of Baby Boomers and Generation X, making up 51 percent of the independent workforce. Independents fill an important need for organizations today, providing much-needed skills, flexibility, and agility. At the same time, these two generations have found a welcome place in the independent workforce. They can…
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Modern workforces are fueled by contingent labor. The COVID-19 health crisis and surrounding economic uncertainties lit the match thrown into enterprises desperate for optimized business models. Companies plan to increase this sector to gain relevant skillsets and diverse mindsets to keep in step with an ever-changing pivot away from corporate stability to labor agility. In…
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More workers than ever before are choosing to work remotely. Millions of these workers are independent contractors who describe themselves as digital nomads: workers who have chosen to embrace a location-independent, technology-enabled lifestyle that enables them to travel and work remotely, anywhere in the world. The ability to work remotely is certainly one of the…
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Independent contractors are an important source of talent for businesses today. As we shift towards a project-based economy, it has become easier to incorporate independent talent on a regular basis. The question is if companies will use independent contractors as part of their talent pool, but how they will engage this vital resource. Here are…
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Direct sourcing is a way to connect directly with independent contractors. Rather than using an expensive third party like a staffing or consulting firm to find talent, companies can source talent internally using their own resources. If your organization is looking to incorporate a direct sourcing strategy to engage independent talent, here are three steps…
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As the independent workforce continues to grow, so do the issues of worker compliance and misclassification. It is important for enterprises to remain informed about the latest laws, regulations, and developments surrounding these topics. 2021 was a fascinating year for independent contractor compliance. Here’s a look at some top stories. 1. Trump DOL announced new…
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When incorporating independent talent into your workforce, there are many steps involved. First, enterprise managers must find the right talent to fit their needs. Second, those independent contractors must be engaged in a legally compliant manner. And third, it’s important to manage working with independent professionals in a way that helps your business achieve its…
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Companies today are settling into new ways of managing their workforce. Many are relying more heavily on contingent workers, a pool of talent that has the flexibility and skillsets needed to fill key functions quickly and efficiently. Independent professionals are a growing group of talent, and their skills are in high demand. In order to…
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