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1099 Risk Blog
July 2010
July, 29 2010
The writing is certainly on the wall: as America emerges from the Great Recession into an uncertain economic recovery, things are going to be different in the "new normal." It's not that the economic recovery is a completely "jobless" recovery. It's more that work doesn't get packaged as jobs so much anymore. Work is being bundled into projects, and then services are being purchased from providers or services vendors. Some of those vendors are individuals hired as independent contractors or SOW consultants . . .
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July, 14 2010
As we settle in for an uncertain and lumpy economic recovery, everyone is looking for savings. And the word on the street is using contingent labor -- defined broadly to include staff augmentation, independent contractors, SOW consultants, and temporary workers -- saves businesses money. But conventional wisdom isn't always right. As Edward Deming once said, "In God We Trust, all others bring data." Staffing Industry Analysts just published their data benchmarks with the following statistics for annual savings attributed to the contingent workforce . . .
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July, 2 2010
This week's economic data confirms the trend toward a more flexible contingent workforce:
The United States workforce is in flux, and the work that used to be performed on a so-called "permanent" basis is increasingly being met with contract labor. According to MarketWatch, the initial unemployment claims for the week ending June 26th rose by 13,000, or nearly 3% from the previous week. At the same time, according to the latest BLS figures (reported by Staffing Industry Analysts), the US economy added 20,500 temporary jobs in June, for a total of 2.1 million jobs . . .
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Recent NewsNew Study Details Strategies for Managing the Contingent Labor Umbrella, Including Independent Contractors
August 12, 2010 -- New research on contingent workforce management from Aberdeen highlights a new trend in independent contractor and SOW consultant management: a dramatic increase in the use of Independent Contractor Engagement Specialists (ICES) that help businesses reduce the risks of engaging independent contractors and other contract workers, including misclassification and co-employment risk.
Read the press release >
Visit the newsroom > New ResearchManazing the Complexities of the Contingent Labor Umbrella
This latest research from Aberdeen reports on the dramatic growth in the use of independent contractors, SOW consultants, and services spend, and gives insights on how Best-in-Class organizations are navigating the contingent labor landscape. This year, the report has an expanded scope to include new categories of spend in the contingent workforce, including project / services spend.
Download MBO White PaperMaximizing Talent, Minimizing Risk: Approaches for Compliant Independent Contractor Engagement
Conventional Contingent Workforce Management (CWM) approaches are weak when it comes to independent contractors. But recent innovations are being integrated into VMS/MSP programs with powerful results. This whitepaper shows how to focus on the root cause of independent contractor challenges, rather than symptoms, and reap significant risk mitigation.
Talk With Our ExpertsCall 1-800-220-0469, or complete this form. Our experts will be in touch promptly.
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