Recent lawsuits against companies such as Uber and FedEx have highlighted the growing risks of using independent contractors. While using contractors can come with many cost-saving benefits, companies must ensure those workers qualify as independent contractors under federal and state laws.
Hillary Clinton and Jeb Bush are making political points about the “gig” economy. Should CEOs be focusing on the trend in their business strategy?
Leaders must always look ahead and take action today against what seems like an uncertain tomorrow.
Legal costs can run rampant if they’re not kept under control.
In addition to budget crises and high unemployment rates, serious pension problems loom for the US. States now face a $3 trillion-plus shortfall in state pension plan funds. Unable to hire new employees, CEOs are increasingly reliant on contract workers; this just results in depressed employment and loss of payroll taxes for states that desperately need revenue.