Herndon, VA. December 27, 2012. MBO Partners, the leader in the $250-billion and growing independent consulting sector in America, offers five key independent work predictions that will shape the American business landscape in 2013.
Prediction 5. The Empire Strikes Back. As even more Americans turn to independent work, federal, state, and local tax and labor agencies will try to put the genie back into the bottle with aggressive employee reclassification enforcement, triggering increased fear of huge penalties and the threats of class-action lawsuits.
Tip: Look out for greater inter-agency collaboration and data sharing between Federal and State labor and tax regulators. Also look for efforts from regulators to create public-private partnership solutions to help with tax compliance.
Prediction 4. Microbusiness will be Big Business. The number of firms with just one employee has steadily increased, growing from about 14 million in 1992 to nearly 22 million in 2010. By contrast, the US Small Business Administration reports employer firms fluctuated from a little less than 5 million to more than 6 million over the past 25 years.
Tip: Expect increased interest from economists and policy makers in the behaviors and motivations of solopreneurs and microbusinesses as a new jobs-creation engine.
Prediction 3. Companies Tap the Expert Talent Pool. Look for contingent talent management to take on a more strategic role in the boardroom and on the HR agenda as companies embrace the use of just-in-time expert talent.
Tip: Look for companies to invest more in alternative workforce arrangements than ever before to retain and attract expert talent.
Prediction 2. The Solo Support Industry Grows Up. 2013 will give rise to a host of new products and services for the independent worker:
Tip: On the heels of the new Affordable Healthcare Act, expect to see more health care solutions designed to address the needs of the growing solo worker population.
And Prediction Number 1: The New Revolving Door Career. Long considered a negative, the new Revolving Door career between independent work and traditional employment will become a career positive for both employers and workers.By the end of this decade, one in two members of the U.S. private workforce will have tasted or embraced career independence, moving seamlessly between traditionally employed and independent work roles. As professionals revolve, they will also evolve, gaining specific, marketable expertise to help take them to the next career level.
Tip: According to contingent workforce expert Gene Zaino, CEO of MBO Partners, ìProfessionals will use the independent work path to change, extend and grow their careers. No longer will independent work be a black mark on the resume; instead, expect it to become a tool to fast-track a career.î
For Additional Information, Please Contact:
MBO Partners Public Relations
About MBO Partners
For more than 25 years, MBO Partners has led the $250 billion-and-growing independent consulting sector in America. Our services make it easy for independent consultants and their clients to do business. For independent consultants, MBO Partners manages their entire business infrastructure. Our platform includes a proprietary process to handle contract administration, business insurances, health and retirement benefits, expense management, tax withholding, and more. We couple this with the benefits of direct vendor access into enterprises and the ìwhite gloveî attention of a dedicated business manager for every consultant. For organizations that use contract talent, the MBO Enterprise Solutions team provides a complete independent contractor aggregation and engagement offering, including compliance and payment solutions for 1099s, sole proprietors and micro-businesses. To learn more, visit: http://www.mbopartners.com.