Nearly three-quarters of U.S. businesses will employ remote workers by 2023. Making those payments friction-free will be key to attracting and retaining talent. In the latest Payments And The Platform Economy Playbook, Martin Chikilian, VP of talent operations for freelance marketplace Toptal, discusses how they...
California has proposed gig economy legislation that could potentially change workers’ classifications from independent contractors to actual employees, which would make them eligible for the benefits pertaining to that status, according to a report by CNBC. The bill, called Assembly Bill 5, could have implications...
The crux of the Payments and The Platform Economy Playbook is that with 162 million workers in the U.S. and Europe currently involved with the gig economy, projected to be serving 86.5 million consumers by 2021, sharing economy platforms can’t just meet customers’ needs –...
What is the state of the jobs market in the U.S.? It all depends upon who you ask. ADP’s recently released monthly payroll report forecasted strong private sector hiring, but Moody’s begs to differ. Moody’s chief economist says ADP has inflated its report of 275,000...
The Gig Economy Index, a Hyperwallet collaboration, delves into the demographics and behaviors of workers in the gig economy — who they are, what services they supply and what percentage of their overall income the gigs represent.
Gig economy companies Uber and Lyft just got support from the Labor Department, which ruled a company’s workers who clean homes don’t have to be treated as employees — which means it doesn’t have to pay the federal minimum wage, overtime or a portion of...
A good electrical engineer can be hard to find, which can serve as a massive friction for any firm that needs one. And as Freelancer.com CEO and Chairman Matt Barrie told Karen Webster, it really can be almost any firm that needs that kind of expert help....
The gig economy now is a noun, where once to “gig” was a verb, without critical mass — to “gig” in other words, was to supplement income, to make ends meet. And yet with the latest iteration of the Gig Economy Index, some new data...
With U.S. gig workers accounting for more than $1.4 trillion in income by the end of 2018, it’s safe to say the gig economy is becoming a mainstream part of the global economy. From ridesharing drivers to freelance designers and consultants, an increasing share of...
