Workforce of the Future Survey

Source: Burson-Marsteller, the Markle Foundation, The Aspen Institute’s Future of Work Initiative and Time, June 2016

From the press release:
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, a majority of all employers, 56 percent, 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. ….

Key findings:
• While most employers prefer full-time employees, more than half are currently using independent contractors and expect themselves and others to use more in the future. ….
• While four out of five employers believe providing workers with benefits is necessary to attract and retain talent a majority of employers do not feel responsible for providing benefits to independent contractors. ….
• Both employers and workers see the on-demand economy as a completely different way of doing business. ….
• Almost all employers are satisfied with the performance of contingent workers. ….
• Employers have and will move toward more automation, but so far large employers have led the way. ….
• Employers are looking for loyal, engaged employees and independent contractors don’t meet that expectation. ….
• There is a large discrepancy between benefits offered to full-time workers and independent contractors. ….

Related:
Exclusive Survey: The Future of Work in America
Source: Katy Steinmetz, Time, June 30, 2016

The survey, sponsored in part by TIME, explores the mindsets of employers as new work arrangements are causing excitement and dismay