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GUIDE | 10 MIN READ
As the project-based economy continues to evolve, proper management of independent contractor talent will prove to be critical.
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Digital content creators are a unique group of independent professionals. Combining interesting content with technical prowess, they have become an integral part of the digital environment. Primarily monetizing their businesses through a mix of advertising revenue, sponsorships, subscriptions, and product sales, creators in the US now number around 8 million people. According to our research,…
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The use of direct sourcing to leverage independent workers from an internally developed pool of talent has rapidly grown in the past few years. As of early 2023, nearly 80% of large organizations either have a direct sourcing program in place or expect to explore the approach within the next two years. Finding the ideal…
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When engaging independent workers, enterprises have options when considering their level of compliance ranging from light compliance which is open to risk to enterprise-grade or enterprise-appropriate compliance. Determining which to use depends on how you intend to integrate independent talent into your workforce mix. There are currently nearly 72.1 million people working independently in the…
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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. Each month, we’ll bring you the latest news stories from around the web. U.S. Department of Labor Announces New Worker Classification…
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The business value of open innovation lies in its ability to drive creativity, flexibility, and efficiency by leveraging external resources and perspectives. Through open innovation challenges for its customers, MindSumo provides benefits that include: Accelerated innovation cycles. Instead of relying only on internal R&D, enterprises can leverage external ideas to bring new products and services…
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Being a Client of Choice is critical for any enterprise competing for independent professionals with in-demand skills. Our research shows an annual increase in the percentage of independents saying they are able to choose the clients with whom they work. This choice goes beyond money into areas like ease of engagement, the quality of working…
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Unsurprisingly, companies are increasingly recognizing the need for agility and flexibility within their workforce. Recent layoffs among traditional W2 employees have prompted a reevaluation of conventional employment models. As organizations navigate economic uncertainties and rapid technological advancements, the spotlight increasingly turns towards the strategic integration of independent contractors & a contingent workforce. This shift not…
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A person’s employment over multiple decades is a thing of the past. The notion of a gold-watch retirement has entered the realm of myth—to anyone in the younger generations of the workforce, such a thing borders on unbelievable. Instead, workforce cutbacks and layoffs have become almost commonplace. The Employed Entrepreneur While a steady paycheck, benefits,…
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Growing demand, enabling technology, and expanding supply are three key factors leading to the continuing growth of the independent workforce in America today. In 2023, just over 72 million people reported working independently. As more organizations incorporate independent talent as part of their workforce, it becomes increasingly important to be aware of the legal complexities…
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