A new national survey sponsored and developed by the Aspen Institute’s Future of Work Initiative, the Markle Foundation, Burson-Marsteller and TIME looks at how companies are coping with new employment models such as the growth of contingent and contract work and the On-Demand Economy. The survey was conducted by research firm Penn Schoen Berland (PSB).
According to the Workforce of the Future Survey, 56 percent of employers, say having a full-time employee makes it easier to accommodate the ebbs and flows in work volume and report that contract workers are less loyal or invested. Conversely, employers cite using independent contractors both for the flexibility of hiring workers with specific skills as the need arises (90 percent), as well as for cost-saving purposes such as taxes and benefits (86 percent). Still, when presented with the tradeoff, most employers (58 percent) say full-time hires are better for their company because they provide more value over the long-term despite having to pay more up-front on taxes and benefits.
TIME Magazine’s Katy Steinmetz wrote an exclusive about the survey.