The plan is designed for freelancers, creatives, start ups, small businesses and
independent workers in any industry.
In fact, volatile income is the biggest challenge cited by
independent workers in a recent survey by Everlance, with 44 percent of respondents saying it's the most difficult part of being an independent contractor.
An MBO Partners study in June estimated that the number of
independent workers in the U.S. will hit 47.6 million by 2022, up 3.1 % from 40.9 million such workers now.
30 million people - young and old, men and women, part - time and full - time — work as freelancers or
independent workers in America.
11.20: The state of
the independent worker in Europe, the US and elsewhere — Carolyn Ockels and Steve King, Emergent Research, San Francisco (US)
Not exact matches
By paying
workers as
independent contractors when they should be paid as employees, federal, state and local governments potentially miss out on tax revenue they would otherwise collect; this tax gap was the focus of a special report to Congress
in 2011 and continues to be an area of focus today.
A California Supreme Court ruling on Monday will make it easier for
workers in the gig economy, like Uber drivers or TaskRabbit gofers, to claim they are employees as opposed to
independent contractors.
Or it would have been, except that the IRS considers teaching a
worker to perform a job «
in a particular method or manner» a key sign that the
worker is an employee, not an
independent contractor.
There will be almost 4 million
independent contract
workers in the U.S. by 2020, according to research from MBO Partners.
But even a phone is more than some
independent workers need or are willing to pay for
in this wireless age.
In fact, other research shows that 90 percent of employers already use
independent contractors to gain access to
workers with specific skills as the need arises.
The following is from Keith Leimbach, the CEO of Liveops, a company that provides managed, flexible workforces and, with 20,000
independent agents, is the largest marketplace for call center
workers in the world.
Never has the U.S. government been more interested
in whether a
worker is properly classified as an
independent contractor or W - 2 employee as right now.
While established companies typically will pay contractors
in a timely fashion, some
independent workers are relying on individuals to pony up when promised.
If there is a long - standing practice
in your industry
in treating certain
workers as
independent contractors, you probably can follow suit.
Meanwhile, co-working spaces also were debuting across the country — and not just
in the largest cities but
in smaller urban areas and university towns with thriving populations of entrepreneurs and
independent workers.
Government figures cited by the Associated Press indicate that just 1.7 million people — out of a total non-farm labor force of some 136 million
workers — earned the minimum wage or less
in 2006; still the increase was a big political victory for the Democrats, one that came at the expense of lobbyists from the National Federation of
Independent Businesses and the Chamber of Commerce, among others.
It can have a positive effect on a
worker in everything from how
independent they feel on the job to their ability to maintain a better work - family balance.
• Stride Health, a San Francisco - based benefits provider for
independent workers, raised $ 23.5 million
in Series B funding.
No democracy
in the world has been sustained over time without some
independent institution that stands up for and advances
worker rights, interests and economic welfare.
The increase
in freelance,
independent and temporary work leads to these types of
workers in need of space to work.
And federal labor laws to protect
workers» right to join together
in unions do not cover
independent contractors.
According to the Freelancers Union, 54 million Americans are considered
independent workers, a number that is only expected to rise
in 2017.
In the past two months, startups like Instacart and Shyp have switched their
workers to W2 status instead of
independent contractors.
Regulatory changes had been
in the wind for some time as the evidence against the program built up, yet employers relied on the lobbying efforts of the Canadian Federation of
Independent Business to maintain the program rather than taking steps to improve domestic recruitment and training efforts or adjust wages and benefits to attract
workers.
Luxe Valet originally had its
workers as W - 2 employees, but switched early on to
independent contractors or «1099s» as they are referred to
in the industry because of the flexibility it offered the
workers.
• Include a clause that as an
independent worker the contractor may enter into other agreements not
in conflict and a confidentiality agreement.
In America alone, more than a third of the entire workforce engaged in some kind of independent work in 2015 — a growth of 700,000 workers compared to 201
In America alone, more than a third of the entire workforce engaged
in some kind of independent work in 2015 — a growth of 700,000 workers compared to 201
in some kind of
independent work
in 2015 — a growth of 700,000 workers compared to 201
in 2015 — a growth of 700,000
workers compared to 2014.
For example,
in California, certain types of delivery drivers, salespeople, and construction
workers are designated as statutory employees, regardless of their classification as an employee or
independent contractor and are therefore eligible for unemployment insurance.
of the net new jobs have been
in forms of employment where there are no healthcare benefits: freelancers,
independent contractors, temporary
workers.
Potential underreporting of self - employment income makes it difficult to draw definitive conclusions on
independent contractor earnings when compared with their peers, but the data clearly show a wide variance
in earnings among
independent contractors and lower wages for low - wage
independent workers than low - wage employees even after adjustments for underreporting.
In some cases, states should expand coverage of existing programs to include
independent contractors, as is the case with
workers» compensation and state retirement systems.
Independent contractors at the 10th percentile
in their respective
worker classification self - reported earnings as low as $ 4.44 per hour, 57 percent of the earnings reported by employees at the 10th percentile (see Table A1).
For instance,
in 2015, the housecleaning start - up Homejoy publicly said that the four lawsuits it faced from
workers who claimed they were misclassified as
independent contractors were «the deciding factor»
in the reason it shut down.
As we crafted policy
in this space, we talked to
worker advocates, innovative businesses, and legal experts with the goal of raising wages and standards for
independent contractors broadly, providing these
workers universally needed benefits as well as a say
in obtaining nontraditional benefits, and ensuring that the system would be practicable for participating companies.
The economists Lawrence Katz and Alan Krueger looked at the last decade of net new job growth, and 94 percent of the net new jobs have been
in forms of employment where there are no healthcare benefits: freelancers,
independent contractors, temporary
workers.
By contrast, many other
independent workers are
in low - wage occupations where the supply of labor is huge and turnover is constant; if someone leaves because of crummy pay or wretched working conditions, the employer can easily tap somebody else to fill the slot.
The DOL's former head of wage enforcement, David Weil, recently suggested that weighing whether gig economy
workers should be classified as employees or
independent contractors is not so different than making the same determination for
workers at brick - and - mortar businesses.84 Existing legal tests to determine whether a
worker is an employee or an
independent contractor are multifactor, fact - based exercises based on the level of control a company exerts over the
workers in question.
Among the organizations that have emerged
in response is the
Independent Drivers Guild, an affiliate of the Machinists Union, which represents some 50,000 Uber
workers in New York City.
One study by economist Elaine McCrate found that any reduction
in wages associated with the benefit of flexibility is modest at best and,
in fact, many jobs with greater flexibility have higher wages.137 Furthermore, the volatility of earnings for many
independent contractors would offset any compensating wage differentials, because
workers can not compare the value of flexibility to higher earnings when they aren't able to predict their earnings as
independent contractors.138
So we were curious: What makes coworking spaces — defined as membership - based workspaces where diverse groups of freelancers, remote
workers, and other
independent professionals work together
in a shared, communal setting — so effective?
In 2016, the coworking balance tipped, with employees of companies, not
independent workers, becoming the majority of people using coworking spaces, according to 2016 research by Deskmag and GCUC.
Beyond the actual gas project and LNG sales, China's state - run shipping conglomerate COSCO has also secured a 50 percent stake
in the four LNG shipping carriers serving Yamal.90 Chinese engineers and workers have been deployed to the Yamal Peninsula to help construct surrounding infrastructure, which includes a Chinese - produced polar drilling rig.91 Moreover, a Chinese oil and gas rig producer now provides Russia with about 60 percent of its imported oil rig supplies, indicating that China is becoming a dominant player in this sphere.92 Chinese media recently hailed Yamal as an example of China's construction and engineering prowess and a symbol of its transformation into an Arctic player.93 In return for China stepping into support the project, senior officials from Novatek, the main shareholder of the project, announced that the first LNG shipment would symbolically go to China.94 But a British subsidiary of Malaysia's Petronas purchased the first shipment of Yamal LNG and sold it to France's Engie, which then shipped the cargo to its Boston import facility for American use.95 Western sanctions on Novatek, Russia's largest independent national gas producer and a company with close ties to the Kremlin, made Yamal's pivot to China possible, as sanctions forced Russia to find an alternative source of investment and technolog
in the four LNG shipping carriers serving Yamal.90 Chinese engineers and
workers have been deployed to the Yamal Peninsula to help construct surrounding infrastructure, which includes a Chinese - produced polar drilling rig.91 Moreover, a Chinese oil and gas rig producer now provides Russia with about 60 percent of its imported oil rig supplies, indicating that China is becoming a dominant player
in this sphere.92 Chinese media recently hailed Yamal as an example of China's construction and engineering prowess and a symbol of its transformation into an Arctic player.93 In return for China stepping into support the project, senior officials from Novatek, the main shareholder of the project, announced that the first LNG shipment would symbolically go to China.94 But a British subsidiary of Malaysia's Petronas purchased the first shipment of Yamal LNG and sold it to France's Engie, which then shipped the cargo to its Boston import facility for American use.95 Western sanctions on Novatek, Russia's largest independent national gas producer and a company with close ties to the Kremlin, made Yamal's pivot to China possible, as sanctions forced Russia to find an alternative source of investment and technolog
in this sphere.92 Chinese media recently hailed Yamal as an example of China's construction and engineering prowess and a symbol of its transformation into an Arctic player.93
In return for China stepping into support the project, senior officials from Novatek, the main shareholder of the project, announced that the first LNG shipment would symbolically go to China.94 But a British subsidiary of Malaysia's Petronas purchased the first shipment of Yamal LNG and sold it to France's Engie, which then shipped the cargo to its Boston import facility for American use.95 Western sanctions on Novatek, Russia's largest independent national gas producer and a company with close ties to the Kremlin, made Yamal's pivot to China possible, as sanctions forced Russia to find an alternative source of investment and technolog
In return for China stepping into support the project, senior officials from Novatek, the main shareholder of the project, announced that the first LNG shipment would symbolically go to China.94 But a British subsidiary of Malaysia's Petronas purchased the first shipment of Yamal LNG and sold it to France's Engie, which then shipped the cargo to its Boston import facility for American use.95 Western sanctions on Novatek, Russia's largest
independent national gas producer and a company with close ties to the Kremlin, made Yamal's pivot to China possible, as sanctions forced Russia to find an alternative source of investment and technology.
«Over the next 10 years, we estimate ~ $ 740 billion
in ETF flows resulting from 1) DC assets rolling off into IRAs as
workers retire (est. $ 6.3 tn, adding $ 440bn
in ETFs), 2) retail assets moving from wirehouses to
independent advisors (est. $ 2.7 tn, adding $ 300bn
in ETFs), and 3) increasing regulatory scrutiny on management fees on retirement assets under advisory,» notes Goldman.
In fact, the growth of
independent workers is reportedly outpacing the overall U.S. labor market.
As people become more aware of the loneliness epidemic that people talk about, especially
in regards to
independent workers, it gets back into the value proposition of coworking.
Joshua has also led more than 50 due diligence projects for financial and corporate sponsors, including a radiation oncology provider, a hospitalist physician practice management company, a
workers» compensation specialty benefits manager, a small pharmacy benefit manager (PBM), a population health management service provider, a large integrated medical group /
independent practice association (IPA), a regional payer, a health insurance brokerage, an occupational health / worksite clinic provider, a skilled nursing facility (SNF) and specialty benefits managers
in the
workers» comp and commercial spaces.
When you pay an
independent worker (not on your payroll)
in excess of $ 600 for services performed for your «trade or business,» that should be reported to the I.R.S. and the person receiving the payment (generally using Form 1099 - MISC).
Workers are occasionally given uniforms to wear and standards they must abide by —
in that way, they look like official employees instead of
independent operators.
Allwork.Space: And
in these spaces, whatever they're called, we know we'll have freelancers and
independent professionals and startups and remote
workers and corporate members, which you foresee as the fastest growing segment.