The news is in. The gig economy is going strong. According to the latest Deloitte study on Global Human Capital Trends, self-employment is expected to triple by 2020. That means 42 million independent workers will be available for hire.
If meeting professionals have learned anything from the Great Recession, it’s that the travel industry is hit hard during an economic downturn. Throughout the recession companies made significant cutbacks on corporate travel expenses. As a result of the reductions in spend, major meetings were canceled and non-revenue-generating departments such as meeting planning were downsized.
The Meeting Professional magazine // In case you haven’t heard, the gig economy is here to stay. Small businesses and freelancers alike are reaping the benefits of a modern-day labor market that celebrates the entrepreneurial spirit. In a recent LinkedIn study, 70 percent of small businesses surveyed had hired freelancers in the past. Of those companies, 81 percent plan to hire freelancers again in the future.
How do we confidently place freelancers with our customers to deliver on our brand promise? We looked beyond work experience and developed a model based on massive amounts of research and detailed conversations with HR professionals, behavioral scientists, business leaders, employees, and freelancers.
It’s everyone’s favorite time of the year again…tax season! Instead of looking back on the past year (I am sure you are spending enough time on that as you prepare to file) I asked my tax accountant Jessica Estrada, Tax Partner at PacWest Accounting, to share some advice on how to prepare for the future.
Many industries have started to turn to the gig economy for talent, elevating the entrepreneurial spirit to an all-time high. Rather than working for a steady paycheck, skilled professionals are working for a specific purpose: to excel with their unique skillsets and live freely as solopreneurs. Does this sound like the type of person you want on your team?
More than 56 million people freelanced this year, according to Upwork’s and Freelancers Union’s “Freelancing in America: 2018” survey. As the workforce continues to gravitate toward remote and flexible positions—Nasdaq predicted the percentage of working Americans choosing freelance work over a traditional 9-5 job to rise to 43 percent by 2020—the meetings and events industry should be collectively embracing the shift.