A new proposed rule from the U.S. Department of Labor (DOL) would make it easier for employers to justify classifying certain workers as independent contractors, but misclassifying workers would still be a costly mistake.
Tag: gig economy
Technology can be seen as both a blessing and a curse. When the coronavirus pandemic struck, businesses and organizations were quick to implement work-from-home technologies to keep workers on the job and working safely. As the “new normal” of remote work and social distancing continues to dominate the headlines, it makes us wonder: Should we […]
As most of us know by now, the percentage of individuals who are working as independent contractors either part time or full time continues to grow. Many employers have embraced this trend and continued to hire more and more contractors who work alongside the regular labor force and meet specific needs. Other employers opt for […]
The phrase “gig economy” has become a critical part of the HR conversation. Whether it’s HR professionals looking to expand rapidly by outsourcing projects or startups relying entirely on outside workers, the gig economy is here to stay. But how well do you really understand it? Knowing its origins might help you see where this […]
As more American workers take to the gig economy to supplement their income, many recruiters are coming out in favor of side gigs, saying the skills and experiences learned through this extra work are a great boost for candidates’ résumés.
The gig economy is defined as “a way of working that is based on people having temporary jobs or doing separate pieces of work, each paid separately.” In recent years, there has been an influx of job titles, including words like “freelancer,” “entrepreneur,” and “self-employed,” and many are saying Millennials and Gen Zs are to […]
A tight labor market typically means that unemployment numbers are low and that employers will be fighting over a smaller pool of candidates to fill open positions. While those conditions are currently present in the “Gig Economy,” the shifting nature of employment and the pressure on workers to remain upwardly mobile have changed the way […]
A common criticism of the gig economy is that companies treat those working in it less favorably than traditional employees due to their status as independent contractors.
Freelancers have become a large part of the global workforce. According to one recent statistic, there are more than 56.7 million freelancers in the United States today. From a recruiter’s perspective, there are a few reasons why hiring freelancers makes sense. One study published by MRI found that a shortage of qualified candidates was the biggest recruitment […]
The emergence of the gig economy has been a boon for many workers. The gig economy is defined by temporary or freelance jobs, typically with the worker employed as a contractor instead of as a traditional employee, who’d be issued an IRS 1040 form at the end of the year.