While no one can fully predict what the future may hold, there is no ignoring the signs of the times. The working world is changing rapidly. Freelancers are expected to become the majority of the U.S. workforce by 2027. As of January 2022, 59 percent of workers who had jobs that could be performed remotely…
One of the trickiest aspects of managing a hybrid workforce with both full-time employees and independent contractors is ensuring that everyone is properly classified for tax purposes. While successful relationships with freelancers can improve your business’s scalability and provide a much-needed boost to your bottom line, classification issues could easily result in costly penalties. To…
Traditionally, most work organizations would rely primarily on full-time workers. Now, however, this is starting to change as more companies move toward what is known as a “blended talent model” — a workforce that sees both permanent and contingent workers (or freelancers) working in tandem on tasks for the company. There are several reasons why…
Research from Statista estimates that by 2027, 86.5 million people in the United States will be involved in freelancing. Even if your business has ignored the potential benefits of contingent workers up until now, changes in worker and employer preferences mean this won’t remain the case for much longer. While the use of 1099 contract…
Many staffing firms focus on direct hire offerings, as this is the option preferred by many employers and employees. Direct hiring focuses on connecting the right candidates to the right company to fill positions that require a more permanent solution. The company then hires the individual on either a full-time or part-time basis, and provides…
While the surge of independent contractors has brought many competitive advantages to businesses across the country, it can pose some costly consequences when handled incorrectly. The term “misclassification of employees as independent contractors” has become widespread amongst state and federal legislators and regulators. When hiring independent contractors, many businesses don’t understand all the legal requirements…
INTRODUCTION Having just returned from Staffing Industry Analysts’ (SIA) 2022 Executive Forum North America after completing three staffing sale transactions in the first 45 days of 2022, UHY’s National Staffing Practice and UHY Corporate Finance are excited to share some recent insights into today’s Staffing M&A market. The broader staffing sector experienced a meaningful recovery…
There is an important new development emerging in the freelance revolution. Naming the trend is still a challenge, but let’s describe it as a greater emphasis on the primacy of freelancer success. A working title might be “freelancer first.” Whatever the name, what we are seeing is a shift of importance to the longer-term success…
The contingent workforce is here to stay — in fact, it is estimated that there are over 59 million freelancers in the United States today. While using contingent talent can make a business more agile and flexible, using these individuals to grow your business involves much more than simply deciding you want to hire them….
The ongoing debate over direct-hire versus contract staffing has become particularly popular as we enter hiring season. Since the strike of COVID-19 and the mass exodus occurring in workplaces, recruiters are shuffling back and forth between the two staffing strategies. Many have landed on the idea that direct hire sourcing is a more secure and…
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