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The Long Term Shift to Contract Labor by Small Businesses

Small Business Labs

Spending on salaries and wages grew from $73.7 the spending on traditional employee salaries and wages from 2010 to 2018. In 2003 contract labor about 20% of total labor costs of sole proprietors. Over the period from 2010 to 2018, contract labor spend by sole proprietors increased by an annual growth rate of 9.1%.

2018 214
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Use of Contract Labor by Small Businesses Continues to Grow

Small Business Labs

  Over the same period, spending on salaries and wages (meaning traditional employees) rose from $73.7   Way back in 2003, contract labor was only about 20% of the labor costs of sole proprietors. .  As the chart below shows, U.S. sole proprietors spent about $56.8 billion on contract labor (freelancers, temps, etc.)

2016 183
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Lawsuits, Lost Expertise And Bad Morale: The Steep Risks Of Ignoring Older Employees

Allwork

In May of 2021 that number jumped to 78% — the highest number AARP has ever recorded since they began tracking in 2003. . Maybe you are ready to trade in some salary for greater flexibility in hours or location.

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Use of Contract Labor by Sole Proprietors Surging

Small Business Labs

  Over the same period salary and wage expense increased only 10.7%. In 2013 contract labor was 36% of total labor costs, up from 31% in 2010 and just 20% in 2003.  .  As the chart below shows, sole proprietor contract labor expenses increased 38% between 2010 and 2013. 

2003 100
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Is College Still Worth It?

Success

the ongoing Great Resignation); and for higher education institutions themselves, which are increasingly struggling to justify astronomical tuitions and which, according to studies, overestimate their debt-burdened graduates’ entry-level salaries by 100%. As an entry-level apprentice, King earned just over $11 an hour. It’s a clear win-win.

Salary 264
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The Laws of Khaki Revealed

On The Job

That's backed up by a recent Robert Half International survey that found that benefits such as healthcare insurance are nearly as popular as salary for today’s job seekers. del.icio.us *.

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Will This Tough Job Market Change Generation Y?

On The Job

With their technology skills and great social networking abilities, GenY ( born roughly between 1980-2003) previously have found employers willing to meet their expectations. Today, more than 50 percent of candidates say they will take the salary offered. But then the recession hit and unemployment soared to more than 10 percent.

2009 100