Did you know about 57 million Americans (or 36% of the US workforce) are freelancing, which is defined as performing supplemental, temporary, project- or contract-based work? Based on current growth, a study predicts the majority of the US workforce will be freelancing within the next 10 years.
Using freelancers and other contingent workers – such as independent contractors, leased employees, consultants, on-call workers, part-time workers and temporary employees – can help companies save money, lower their administrative burden, acquire workers with unique skills that their current workforce lacks, and even “test drive” workers before taking them on as full-time employees.
However, using contingent workers can result in a business owing back taxes, benefits and other penalties if a worker is misclassified and can heighten the risks of trade secret leaks, sexual harassment and discrimination.
We share four practical tips to help HR realize the benefits of contingent labor while minimizing the inherent risks.
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About HR Shield
Do you own a small business? Are you considering starting a business? Does hiring an HR professional not fit your budget and current cash flow?
Whether you are a newly certified HR professional, business owner, office manager, student or a general curious person HR Shield are certified HR specialists that provide quick, accurate and simple answers to common HR and business questions.
Our mission at HR Shield is to impact those small and midsize companies that don’t yet understand the value or can’t yet afford to hire a full-time certified HR professional. Our goal is to educate the small business owner and help them understand the importance and impact an HR professional can have on their company and one day hire a full time certified professional.
In addition to working with the small to mid-size business owner we provide a full white label HR portal and HR hotline for payroll companies, PEOs and staffing companies and support their small business owner clients.