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An estimated 48% of adults who have worked independently at some point in their careers will increase to 54% in five years, and not just in response to the COVID-19 pandemic. (Image: Shutterstock)Independent workers were less impacted by the pandemic than the broader workforce, according to a report released Wednesday by MBO Partners. The jobs platform has been collecting information about independent workers for 10 years, and found that although recent economic volatility has had an effect on independent workers’ satisfaction, long-term trends suggest a “modern business model” that has traditional businesses increasingly relying on people who aren’t employees.
Related: A look at employment protections in the upcoming Biden administration
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Company leaders may not have the right information to effectively shape benefits plans in a way that best serves employees.
In 2020, health insurance premiums and deductibles ate up 11.6% of Americans' incomes.
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Sponsored by HealthEquity
Help clients’ employees discover simple strategies to get more from their HSAs.
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Sponsored by Morgan Stanley at Work
Guide: Assessing the Impact of Your Financial Wellness Program
Learn the 5 essential metrics to use when assessing the success of your employee financial wellness program.
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Sponsored by ArmadaCare
Win the Talent War: The Recruiting-Retention-Benefits Connection
Competing successfully in today’s labor market means moving away from reactive recruitment practices that are overly reliant on compensation. Instead, take a more strategic approach with innovative add-on health benefits that complement core benefits and can be tailored to the needs and wants of a diverse workforce. Download this guide to learn how.
Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.
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