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For Enterprises
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In the wake of a global shift towards remote work, a once-niche lifestyle choice gained mass appeal: digital nomadism. Offices were vacated in favor of makeshift desks in living rooms, beachside resorts, or highland mountain retreats, proving that for many, work was no longer a place but a task that could be performed from any…
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As the way work gets done changes and companies continue to seek high-demand and often specialized skills, hiring managers are tapping workers from non-traditional talent pools. The most notable of these are digital nomads and members of the creator economy. Engaging Digital Nomads Requires Extra Attention While independent professionals pursuing a digital nomad work style…
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Because there is risk associated with hiring independent contractors, preparation is key. Often, misclassification can be unintentional because businesses simply do not have a full understanding of the laws regarding how to classify their workers. However, it can also be done intentionally to reduce labor costs or avoid payroll taxes. Regardless of why misclassification occurs, it…
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On January 9, 2024, the United States Department of Labor (DOL) announced its final rule on determining whether a worker is an employee or independent contractor under the Fair Labor Standards Act (FLSA) purposes. The rule is effective on March 11, 2024, and rescinds the existing rule developed by the previous administration that has been…
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Workforce optimization—establishing a strategic mix of employees and contractors—will likely be redefined in the next few years. With AI coming on the scene in a big way, speculations swirl in the business community about how it will change the way work is done. Will it cause jobs to be lost as it takes on roles…
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Independent contractors are the solution for many organizations when faced with disruption, competition, and labor and skill shortages. The average company reports that contingent labor makes up 28% of their workforce, and this proportion is expected to grow to 38% by the end of 2027. As this sector of the workforce increases, it is worth…
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As the business world enters a new digital reality dominated by AI, the skills needed in the workforce are changing. As a result, skills that were once nice to have or useful in special circumstances are in ever-higher demand. Soft Skills Become Power Skills In the past, enterprises considered roles in the context of “technical…
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Employee misclassification can be detrimental to your business. Here are 10 key differences between 1099 independent contractors and W2 employees that you should know.
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Enterprises today are increasingly using workforces composed of full-time, independent, and offshore talent. By shifting to project-based workflows that align with this mix of talent, companies can be more flexible in creative in how work gets done. Many have transitioned to remote work, or partially remote work as a new way of operating. To remain…
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2024 is shaping up to be a year of rolling transformations for businesses. AI is catalyzing widespread technology changes. Generative AI is changing how many people approach their tasks. Workforce models are changing as in-demand skills are in short supply through traditional channels. World events demand that enterprises be able to change and adapt quickly….
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