By Chantal Schutz Capital is becoming borderless, and so is talent. Managing a multinational contingent workforce requires the same sophistication as managing international capital flows. This means creating financial frameworks that account for currency fluctuations, varying compliance costs across jurisdictions, and the hidden expenses of managing distributed teams. Utilizing flexible workers means organizations gain the…
The way we work has changed. What once seemed like temporary adjustments, remote work, flexible schedules, global teams, has now become the standard for many companies. But is this change here to stay, or are we simply in a transition phase toward the next big workplace norm? At myBasePay, we’ve seen firsthand how businesses are…
Companies are no longer confined by geography when building their teams. As technology advances and workforce expectations shift, businesses are embracing distributed models to tap into global talent and drive innovation. This change isn’t just about remote work, it’s about becoming a truly global organization with the ability to compete at an international level. At…
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…
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…
It used to be that when a company needed additional talent to get a job done, they generally had two options: hire a new employee, or outsource the work to another company. The idea of using contingent talent (also known as freelancers) was practically a foreign concept. Yet nowadays, the traditional supply-base model for matching…
The world of work has undergone a dramatic transformation in the last few years. The COVID-19 pandemic and “Great Resignation” have caused millions of individuals to switch to new employers, leave the workforce entirely, or become independent contractors. In fact, Americans For Prosperity reports that 36 percent of American workers freelance. This large, diverse group…
With the number of freelancers in the United States alone expected to exceed 90 million by 2028, it should come as no surprise that countless platforms have arisen online to connect freelancers with clients. While many of these platforms have been able to do just that, not all of them have done so with a…
Over the past two years, the labor market has experienced monumental shifts. Yet, one constant remains: freelancing. Prior to the early stages of the COVID-19 pandemic, a mere 12% of the U.S. workforce was freelancing. Now, as we near the end of 2022, freelance workers have contributed $1.3 trillion to the economy, and nearly 40%…
The recruiting industry has long been primarily focused on matching workers to companies for temporary or full-time in-office employment. Generally speaking, the idea was that the company had a specific position that it needed filled, and recruiters did the heavy lifting of finding someone to fill it. Nowadays, however, recruiting isn’t so simple. The rise…
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