Workforce Engagement

Independent Contractor vs Employee: 10 Differences

By MBO Partners

Employee misclassification can be detrimental to your business. Here are 10 main differences between independent contractors and employees that you should know about.

Read More...
consultants in group working at desk

CASE STUDY: Managed Healthcare Company Streamlines Independent Contractor Migration for New Acquisitions

By MBO Partners

Vertical: Healthcare | Type: Workforce Management Independent professionals today are increasingly self-assured in the value they bring to the table. In fact, among independents who make more than $100,000 annually, more than 90 % say they have a lot or some choice in picking the clients they work with. That means there is stiff competition…

Read More...
consultants looking at laptop

CASE STUDY: Mid-Size American Bank with Locations Across the US Optimizes their Workforce through Direct Sourcing

By MBO Partners

CASE STUDY Vertical: Financial Services | Type: Workforce Management Organizations that engage independent professionals as part of their workforce are increasingly doing so via direct sourcing. By identifying candidates for available opportunities using internal resources rather than relying on a third-party intermediary, enterprises can avoid costly markups and get talent to work faster. As great…

Read More...

6 Ways to Build and Manage Your Talent Pool

By MBO Partners

Building a deep bench of talent is a key component of best-in-class organizations. Yet many companies today continue to rely on traditional methods without taking the current workforce landscape into account. Work arrangements have shifted to include both traditional and independent work, and so too should talent recruitment and engagement methods. Your next top-performing worker…

Read More...

The Impact of Women in the Independent Workforce

By MBO Partners

Historically, pursuing a career as an independent professional has been a big draw for women. In 2018, nearly 20 million—47%—of independent workers were women. Working independently provides the flexibility to work your own hours, pursue projects you’re passionate about, and freedom to learn new skills, all of which are big draws for women. But the…

Read More...

Defining the Human Capital Market: How it’s Similar to the Financial Market

By John Dahlberg

Understanding the dynamics of the marketplace is helpful for any business seeking to develop strategies to maximize the value of independent contractors. To help describe the “human capital” market, a parallel can be drawn to financial markets and the basic elements of managing investments. Whether you’re building your personal portfolio or executing a strategic business…

Read More...

Increase Return on Investment Using Contractors

By John Dahlberg

There are a variety of dynamics and nuances at play when it comes to managing the lifecycle of independent talent. But there three components that all investments share: Acquisition, Enablement, and Management. My first post on human capital detailed the acquisition process, while my second post dove into enablement. This post concludes the series with the final dimension: management….

Read More...

How Do Organizations Create a Virtual Talent Bench?

By MBO Partners

A virtual talent bench—a group of independent talent who have already performed all onboarding steps prior to a role being offered—can help organizations remain flexible and competitive. Establishing a group of reliable talent allows for simplified, rapid deployment, minimizes the risk of worker misclassification, and helps attracts top talent with the prospect of getting to…

Read More...

6 Ways to Build Relationships with Independent Workers

By MBO Partners

Some of the most effective workforces today consist of a mix of full-time and contingent labor. If your organization has already incorporated independent talent into your workforce, you’ve likely discovered the importance of building a strong foundation that supports these types of workers. Independent contractors have specialized expertise in a particular industry. They are small…

Read More...

5 Ways to Improve Contingent Workforce Program Adoption

By MBO Partners

Our workforce today includes 38.2 million independent professionals—contractors, freelancers, consultants, and more who work with small, medium, and large organizations. Including these contingent workers as part of your workforce strategy comes with many benefits including specialized expertise, staffing flexibility, and lower costs. But in order for an independent workforce program to be successful, internal staff…

Read More...