The tight labor market is forcing employers to be more creative in attracting top talent and puts job seekers firmly in the driver’s seat. The October 2019 report of the Bureau of Labor Statistics (BLS) shows that unemployment remains at 3.6%. This marks the 20th month of unemployment being below 4%. The state of California,… Read more »
With the passage of AB-5 into law, businesses need to review if the workers they engaged as Independent Contractors meet the standards of the ABC Test. On September 18, 2019, the state of California passed Assembly Bill (AB) 5 into law, which uses the ABC Test as the standard for classifying workers as independent… Read more »
Due to news coverage of Google’s treatment of contract workers, contract employment has developed a negative impression among job seekers We address the Top 5 misconceptions about working as a contract employee In 2019, news outlets such as the New York Times and Bloomberg have written about contract workers being treated as “second-tier” employees in… Read more »
California’s “ABC Test” and the U.S. Federal Agencies’ “Common Law Rules” have presented employers with conflicting standards on how to engage with workers as independent contractors. To prevent worker misclassification penalties, businesses should supplement their work force by leveraging staffing firms to hire workers as W-2 employees. In 2019, the State of California and… Read more »
Employees can cost a business 18-26% more on top of their base salary in taxes and benefits Last January 31st, employers across the U.S. have distributed their employees’ W-2 form which states their wages and tax withholding. What those W-2 forms don’t show are the employer’s contribution towards taxes and benefits that they pay on… Read more »
Engineering talents are scarce, yet surprising data shows that hiring Mechanical Engineers takes the longest compared to their counterparts. With unemployment hovering under 4%, hiring in general is difficult – and hiring for Mechanical Engineers is even more challenging. In a study made by Workable.com, engineering jobs take the longest time to fill. In… Read more »
In Part 1 of our Manufacturing Workforce spotlight, we highlight the main issue that’s causing the workforce shortage in manufacturing: The pending retirement of Baby Boomers and the disinterest among Millennials to pursue careers in manufacturing. In Part 2 of this series, Technology Review highlights the other issues that are causing the decrease in hiring… Read more »
In a historically tight labor market, employers are trying to compete in hiring (and keeping) top talents by offering more unconventional benefits. Multiple studies have confirmed that what drives workers to shift jobs are for benefits that promote a better work-life balance, rather than just for better pay. In a Glassdoor.com survey on the importance… Read more »
In a recent court case, the California Supreme Court implemented a new “ABC Test” to determine if a worker qualifies as an independent contractor. Employers from multiple industries are now arguing that the rigidity of the test’s standards is restricting businesses from engaging with independent contractors. BUT WHAT IS THE “ABC TEST”? In the Dynamex… Read more »
Emerging markets are currently disrupting the current shape of the economy, as well as employment projections for engineering talents. In 2013, Dice.com, a job site specifically for tech candidates, wrote about what industries will rise up in 2018. Though it seemed premature to make predictions for employment 5 years in advance, employment and revenue growth… Read more »
