Access in-depth guides on workforce management
The world of work has been evolving for some time, influenced by technologies and societal shifts. As a result, enterprises are reassessing their HR models, and many leaders realize that a view of the workforce as a rigid structure of job descriptions and defined career paths is going the way of the dodo. Over the past decade, artificial intelligence (AI) has slowly moved into all organizational functions. Leaders have been watching the advance of this and other technologies as they try to figure out how to adapt to an ever-changing marketplace.
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The independent workforce is a growing and increasingly valuable source of talent. In fact, over half of executives say that leveraging an external workforce enables them to improve the overall financial performance of their company and helps balance business costs (The Contingent Labor Imperative).
However, outdated or inefficient practices for engaging independent contractors can increase costs, alienate key talent, and expose companies to risk. Understanding the direct and indirect factors associated with various engagement methods can help you develop smarter strategies to gain a competitive advantage in today’s project-based economy.
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The number of people working as independent professionals in the U.S. is steadily rising. As the independent workforce continues to grow, more companies are tapping into this talent source. When engaging this valuable talent pool, organizations must comply with an ever-changing—and often inconsistent—patchwork of policies and laws surrounding independent contractors.
Below, we review 9 common independent contractor compliance issues along with tips for how businesses can avoid them.
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Get expert tips on growing a small business
As an independent contractor, proposals are a strategic tool you can use to find and retain new clients and projects.
Whether you decide to write your own or are responding to a more formal Request for Proposal (RFP) from a client, the ability to craft a standout proposal can help you clarify your company’s mission and vision, gain a better understanding of your competitors, improve the way you approach your service offerings, and ultimately win new business.
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A strong proposal offers a clear solution to a client’s problem, addresses specific questions they ask, and provides them with insight into your skills and capabilities. In this guide, you’ll learn the best practices for writing, responding to, and evaluating a proposal.
Many factors can influence your decision to grow your business, including regulatory changes or financial constraints that impact the timing of expansion. And there are many ways to grow: working with others as a team, hiring other consultants or part-time workers, or finding new work for yourself. In our guide, we’ll walk you through the key considerations on how to help you grow your business effectively. Find out how to figure out if it’s the right time to grow your business and what you should keep in mind when crafting a growth strategy.
Once you secure your first consulting project, there are a few things to consider to ensure your success. This guide will walk you through how to execute your project successfully, collaborate effectively with your client, and build a strong relationship that positions you for future business opportunities.
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Read our latest research on the independent workforce
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