White Paper

The Top 10 Questions About Managing Freelancers & Independent Contractors

Source: Work Market

More businesses have started turning to freelancers and independent contractors (ICs) than ever before, and the reason is simple: talent is the most precious corpo- rate resource. Organizations have found that freelancers and ICs allow them to scale an on-demand workforce, access new talent pools, and pursue new market opportunities.

Today, the freelance economy (comprised of freelancers, ICs and consultants) makes up approximately 12% of the domestic workforce, and by 2020 it's expected to reach 16% according to the U.S. Bureau of Labor Statistics and MBO Partners. All in all, the freelance economy represents a $1.4 trillion dollar market opportunity.

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