Employers Adjust Benefits, Hire More Contract Workers

Hiring is up, but employers remain cautious about the future.

Instead of boosting wages, they’re offering better benefits, increased flexibility and professional development opportunities.

And, instead of staffing up with full-time employees, they intend to rely on part-time employees and independent contractors. In fact, a recent study by MBO Partners predicted that independent contractors will make up 60 percent of the workforce by 2027.

A separate study from LinkedIn suggests that it’s not just unskilled work that contractors are performing. Results from the study show that many contractors are in their mid-to-late careers and tend to move into seniority positions a year earlier than their employee counterparts.

While critics cite a lack of stability for these workers, some report that they prefer it, especially those just entering the workforce, as well as those nearing retirement.

Source: HR Dive