To say that 2024’s labor market has been turbulent feels like an understatement. From turmoil on Wall Street and the uncertainty that always surrounds a presidential election year to the headline-grabbing layoffs in tech, it is understandable for there to be concern surrounding the economy and the state of labor in general. Despite the year’s…
Contracts are an essential part of every business. These legally binding agreements influence everything from which service providers you use to how you deliver your own products or services to your own clients. Contracts may be important with clients and suppliers, but they are even more crucial for your workforce, particularly if you use many…
Today’s business environment is extremely competitive, with globalization and technology creating new disruptions in the ways companies find and use talent. To maximize your own business’s chances for success, you need to be able to access top talent, no matter where they live. While smaller businesses often are disadvantaged in comparison to larger firms, that…
Weston, FL., August 29, 2024 – myBasePay, the Employer of Record (EOR) helping staffing firms and enterprises build compliant and comprehensive contingent workforces, has received its National Minority Supplier Development Council (NMSDC) certification. The NMSDC certification recognizes businesses that are at least 51% owned, managed, and controlled by a qualified minority group member. myBasePay is…
Nearshoring: A Strategic Talent Solution Nearshore outsourcing has become a hot topic, offering companies a way to access top talent at a competitive cost. It’s more than just a passing trend; nearshoring is transforming the contingent workforce and attracting significant attention from companies of all sizes. The Numbers Tell the Story Latin America is currently…
The global pandemic has redefined the term “uncertainty.” Companies all over the world had to suddenly adapt to overwhelmingly unprecedented levels of changeable events. Shipping delays, logistical disruptions, and material and labor shortages were just a few crises that caught business leaders off guard. As a consequence, these events led many to discover just how…
In recent years, there’s been a significant shift in the way companies hire employees for their workforce. The traditional methods of conducting business through brick-and-mortar offices full of permanent employees are gone. Now, contractors, freelancers, consultants, and other contingent workers have experienced a rapid increase in demand. These types of workers are typically hired on…
As we enter into 2023, let’s take a moment to assess what this past year had to offer. With great advancements in technology, communication in the business world has become more diverse than ever. Organizations and employees have finally settled into the remote work model. This convenience of telecommuting has led to a rise in…
As much as 30% of the global working population is performing some kind of remote or independent work. Among these, contingent workers have become strategic pillars in various global industries, including manufacturing, automotive, logistics, and information technology fields. Several reports indicate that this trend is only expected to increase, as more companies turn to the…
Opening a foreign branch for your company is an exciting undertaking. Not only does it make new global markets accessible, but it offers greater access to a broader talent pool. However, expanding your business’s global presence can seem easier said than done. With all the responsibilities involved with legal procedures, foreign employment regulations, tax documentation,…
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