The Rise of Contract Work in the American Workforce
It is no secret that the workforce is changing. In the past few years, we have seen a dramatic rise in the number of contract workers—people who are hired to do specific jobs or tasks for a limited period of time. This shift can be attributed to two main factors: a sluggish economy and employers' reluctance to take on full-time employees (FTEs). But what does this mean for job seekers? Is there still work out there? Read on to find out!
The Good News
The good news is that, even during recessions, work still needs to be done. With contract work on the rise, employers are more willing to hire workers who are able to complete projects quickly and efficiently without taking on long-term overhead costs. This means that job seekers can provide their services to organizations in various industries without committing to one employer for an extended period.
The Benefits of Contract Work
Contract work offers many benefits for both employers and job seekers. For employers, it allows them to save money by not having to pay benefits and other overhead costs associated with full-time employees. It also allows them access to experts from around the world without worrying about things like visas or relocation fees. For job seekers, contract work offers flexibility, freedom, and higher pay rates than most full-time positions. Additionally, it allows professionals to learn new skills while working with different teams in different industries.
Payrolling Services and EOR
In order for employers to keep up with the demand for contract work, they often turn to payrolling services. These third-party companies handle the administrative aspects of contracting, such as payroll, taxes, and insurance. They act as the EOR -Employer of Record to keep administrative paperwork both legal and hassle-free. This makes it easier for employers to bring on contract workers without worrying about the additional overhead costs. Discover the convenience of our recruiting and payrolling services, and contact us today to learn more.
Partnering With Experts
When looking for contract positions, it's important that job seekers partner with the right people—namely staffing and recruiting experts who can help them find suitable opportunities while managing payroll and other administrative duties associated with contract work. Partnering with these experts can save time, energy, and money while allowing job seekers access to a larger pool of potential employers than they would have access to on their own.
It's clear that contract work will continue to grow over the next decade as more employers rely on this model instead of FTEs when hiring new staff members. Job seekers should take advantage of this trend to access more opportunities. By doing so, they can benefit from higher pay rates, greater flexibility, and access to global employment opportunities without sacrificing their quality of life or career advancement. So what are you waiting for? Start exploring your options today!