Illuminating the Shadow Workforce

MainStreet Macro: Chasing Growth

This week, in the absence of a video, I’d like to set a scene with words. Imagine you’re a hero, tracking a villain dead-set on mayhem. The fate of the economy hangs on your every move. Fraught with more tension than The Dark Knight, central banks around the world have been doing just that, turning their laser sights on interest rates as they try to chase down high inflation. Every decision carries high stakes, with the threat of a slowing economy menacing at every turn. It’s a fact that many economies don’t just fall into recession; they’re driven there by central banks that hike rates too aggressively.

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Workplace Spotlight Webinar: Illuminating the Shadow Workforce

Watch this installment in our Workplace Spotlight webcast series for an extended look into groundbreaking new research from ADPRI on the gig worker. Also, see how your organization can participate in the growing gig economy while ensuring compliance with relevant laws and regulations.

[embedyt] https://www.youtube.com/watch?v=L8bwpL_T94w[/embedyt]

Filling the Workforce Gap in the Gig Economy

There is a war for talent and skilled labor shortage, the gig workforce fills the gap to effectively improve productivity and lower cost. Most industries rely on an extended workforce and often hire 1099M contractors for their specialized skills.

Generally speaking, gig workers fill four types of gaps in a ...

Insights into the Gig Economy for the Enterprise

ADP Research Institute illuminates the reality behind the gig economy and how it’s changing the world of work for businesses. This study illustrates the impact of the gig workforce and the dynamics of the traditional workforce versus the 1099-M contractors and short-term W2 workers often referred to as “gig workers”.

Gig workers typically fall outside ...

Realities of the Changing World of Work

Businesses across most industries are using gig workers but if you ask a senior leader, they may not realize the impact of this extended workforce due to a lack of visibility. Often times, these “non-W2” workers may be paid through multiple channels — staffing agency, accounts payable, payroll and direct pay — which makes it ...