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In response to this widespread challenge of COVID-19, today’s organizations are implementing workforce optimization strategies in order to achieve efficiency and cut costs. Forward-thinking companies are leveraging new technologies and adapting to flexible modes of working, such as virtual meetings and remote work. This new paradigm has highlighted the vast chasm between the traditional business…
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So long. Farewell. Auf Wiedersehen. And goodbye. Workers across the U.S. have been signing off from their payroll jobs in record numbers this year. While it’s not uncommon to see a surge in quitting when the job market is hot and there are tons of positions available, what’s happening right now is unlike anything we’ve…
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When the COVID-19 pandemic hit New York City and stage performances shut down, actor Marc Winski was left without an audience to entertain. The 34-year-old actor, singer and stutter-awareness influencer was, like the rest of the world, sheltering in place. And he craved a creative outlet. So, he turned to TikTok. At first, it was…
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The nature and culture of independent work is growing more complex and sophisticated. Today, millions of Americans work outside of traditional employment as independent contractors and consultants, entrepreneurs, and freelancers who provide services to all different industries on a regular basis. Companies are increasingly relying on a particular sub-sector of the independent workforce—a growing group…
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The information provided in the MBO Blog does not constitute legal, tax or financial advice. It does not take into account your particular circumstances, objectives, legal and financial situation or needs. Before acting on any information in the MBO Blog you should consider the appropriateness of the information for your situation in consultation with a…
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There are a number of factors that contribute to the growing independent workforce—the 41 million adult Americans who work as freelancers, consultants, contractors, solopreneurs and more. For many, independence offers the potential for greater work/life flexibility, the chance to pursue a passion, or the opportunity to leave the corporate world behind and build their own…
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Many people today are pursuing independent work—freelancing, self-employment, and independent contracting—to develop their careers, build businesses, or pursue what they are passionate about. There are certainly many benefits to working independently, but one question that often arises is whether or not pursuing this do-it-yourself career track helps or hinders an individual’s ability to reach financial…
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Today’s independent workforce is strong and confident, finds MBO Partners’ 9th annual State of Independence in America Report, the longest-running, comprehensive look at the independent workforce. Independents—the 41 million adult Americans who work as consultants, freelancers, contractors, temporary, or on-call workers—are a powerful economic force, generating $1.28 trillion of revenue for the U.S. economy last…
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Today, 3.3 million independent workers earn more than $100,000 annually. Since MBO Partners began tracking the size and makeup of the independent workforce in 2011, this high-earning population has grown more than 70%, and it has become obvious that as enterprise needs for independent talent grow, those with in-demand skills are going and staying independent in…
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If you’ve ever aspired to travel the world without quitting your job, know that you’re in good company. According to new estimates from MBO Partners’ 2018 State of Independence in America research, 17 million independent workers aspire to someday become digital nomads, a term referencing workers who embrace a location-independent, technology-enabled lifestyle that allows them to travel…
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