Traditional work structures are failing and a lot of us in the future of workspace are supporting new systems—like digital platforms that connect companies to a global workforce and connect workers to better contract assignments. This is all great news. But it’s also changed everything, including employment access to the perks that traditionally come with more classic structures, like a salaried job with benefits.
As companies across the globe continue to hire contractors to build their business, the landscape of modern work is rapidly changing. Traditional offices are being replaced by digital nomads who regard a strong Wi-Fi signal as good as any workspace; businesses are realizing the potential of using contractors for specialized work rather than full-time, salaried employees.
40% of today’s workers are expected to take part in the gig economy in 2020. These are impressive numbers. But who are the tens of millions of people who have bravely eschewed traditional work roles in favor of working independently?
In a wildly changing work landscape in which on-demand talent models are gaining ground, there will always be skeptics of open models standing right alongside the early adopters. One stance is not more right than the other. Businesses need the deep questioners just as much as evangelists. The key to moving forward is determining how these two functions or personality types can build trust—keeping business on course while embracing opportunity at the same time.
The freelance economy is revolutionizing the work lives of busy execs and their teams who are using open source platforms and talent to accomplish more in less time. Every week, new gig-centric platforms sprout up that give execs and companies access to talent pools—from assistants with general skills to highly specialized technologists.
Handling HR requirements for even a small team is a boatload of work. Whether it be managing paid time off and maternity and paternity leave to payroll and benefits, for many small companies with limited resources HR is an intimidating task.
Open models are an exciting part of the future of work and innovation. Every year, more and more companies are choosing open models for innovation, blending freelance with in-house talent. But that transition can be tricky for traditional employees.
The ins and outs of how California’s landmark Assembly Bill 5 may impact worker classification.
Developing and implementing an open talent strategy—one that engages contract freelancers in a structured way within your company—is an exciting step that puts organizations out front of innovation. But it can feel like shaky territory for some parts of businesses, notably IP, legal, and other key stakeholders whose job it is to uphold the business’s integrity while pursuing innovation and growth.
You’ve started using open talent models and are already realizing the benefits—hiring gig workers can be better, faster and cheaper for your business. But now that California has set a precedent with Assembly Bill 5 (AB5), it’s smart to analyze the implications of this legislation may have for companies around the world in how they classify and engage with workers.