With nearly 41 million Americans working independently, more and more research is being done to showcase the impact this workforce has on the economy. Recently, MBO Partner’s released their 2017 State of Independence in America report analyzing the size, growth, and performance of the independent workforce.
Here are some key findings from the report indicating that the independent workforce is here to stay:
- Independent workers account for about 31 percent of the private U.S. workforce.
- 40 percent of the U.S. adult workforce reports either currently working or having worked independently at one time during their careers.
- By 2022, it’s estimated that the total number of independent workers in America will grow to 47.6 million, a 3.1 percent annual growth rate.
- 12 percent of Americans consistently said they definitely or probably would become an independent worker in the next two to three years. This would mean 28 million new independent workers flowing into the sector.
As the rise of the independent workforce becomes greater, the control of how work is defined is shifting to the individual worker rather than the employer. This shift can and will heavily impact the way a company attracts, manages, and retains talent.
Has your organization began thinking about how this independent workforce will affect your business? If not, it’s time to start now. Below are some articles to help you get started.
- Opportunity is Knocking, Don’t Let Hiring Get You Down!
- Seven Reasons Why You Can Benefit From an On-Demand Workforce
Interested in learning how Shiftgig can provide your business with on-demand workers?