Top 10 Business Questions About Managing Freelancers & Independent Contractors

Work Market sat down with several entrepreneurs, hiring managers & HR execs to answer some of the most common questions around using freelancers and independent contractors.

More businesses have started turning to freelancers and independent contractors (ICs) than ever before, and the reason is simple: talent is the most precious corporate 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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