Upwork Newswire: How the Exploding 1099 Generation Challenges Companies

This bi-weekly column features the latest freelancing trends and Upwork’s role within them.

How the Exploding 1099 Generation Challenges Companies (TNW)

The growing movement toward freelancing is changing how people work—and as a result, how businesses operate. The recently published report from Freelancers Union and Upwork titled “Freelancing in America: 2015” explains why more workers choose the riskier freelancer lifestyle, and the top challenges and benefits companies face.

78 percent of freelancers say that within a year they earned more than they did in a traditional job

Report highlights include:

• Half of participants said they found a job online, and 72 percent of them said it usually took less than a week
• Challenges for businesses include increased pay for top talent and the need to pay faster
• Despite the difficulties, freelancers would still prefer freelancing to traditional employment

For more about how the new 1099 workforce benefits and challenges companies, read the full article here.

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