The pandemic has fundamentally reshaped where and how we work. As one entrepreneur and member of Forbes’ Technology Council puts it, “the distributed workforce is here to stay.” But with a distributed workforce comes a host of operational and legal headaches, from dealing with an increasingly complicated payroll to ensuring tax compliance. While a large…
As with any other business, you want your staffing firm to scale significantly over time. Onboarding new clients and retaining existing clients provide essential growth opportunities that drive revenue and exposure for your firm. Unfortunately, many staffing firms find themselves held back by one or several issues that keep them from scaling successfully. In extreme…
Change is one of the only constants in business, and the signs that point to its necessity can appear in all sorts of forms. Internal processes can quickly become complicated and overwhelming to manage appropriately for those undergoing rapid growth with a global network. While this might be stressful within the moment, it often signifies…
While independent contractors have long been part of the workforce, the rise of the “gig economy” has made this type of employee far more commonplace than in the past. According to Statista, roughly 59 million Americans did some level of freelancing work in 2020. Regardless of whether someone does all their work as an independent…
Up to 32 percent of the current workforce are independent contractors, and this rate has been steadily rising for years. When you consider diversified workers, those who mix traditional and independent employment status, it includes over half of all current working Americans. This surge can be attributed to the rise of remote work in the…
myBasePay just closed a $60 million funding round to help enterprises, suppliers, and contingent workers thrive. As advocates for contingent workers worldwide, this is a huge win for our team. With this funding, we’ll be able to provide better resources and tools to enhance the overall lifecycle of contingent workers. This also solidifies our position…
There is something special about making face-to-face connections at conferences and conventions in the B2B world. While such events have been kept on hold for a while due to the coronavirus pandemic, things are starting to change — and MyBasePay is getting right into the action. We’re excited to attend the upcoming Collaboration in the…
It’s estimated that 70 percent of staffing startups fail. While that is a grim-sounding number, there are still over 25,000 independent agencies in the United States alone. A competitive industry with a highly saturated market may seem like an easy source of blame for the high startup failure rate, but this only scratches the surface….
For years, the idea of the workforce was that individuals would dedicate their entire career to the same organization. They would work for the same company for decades, rising through the ranks before collecting their 401k and possibly even a pension when the time came to retire. Nowadays, hiring managers need to take everything they…
Today’s hiring world is more complicated than ever. Companies are no longer merely dealing with full-time and part-time workers. Many now utilize freelancers and independent contractors from across the country — and sometimes, from the other side of the globe. Navigating employee classifications and associated responsibilities with onboarding, insurance requirements, and benefits can create a…
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