MBO Partners

IT'S HERE! The 2024 State of Independence in America annual research study by MBO Partners identifies what inspires and drives one of the most dynamic and rapidly growing segments of the American labor force: the independent worker. 72.7 million Americans are embracing independent work – that’s nearly 45% of the U.S. workforce! This number has surged by 89% since 2020, driven by a desire for autonomy, flexibility, better health, and higher pay. - Independent by Choice: 61% of independents chose this path, with many reporting greater happiness and health. - Authenticity Matters: Independents find purpose and security beyond just a paycheck. - Side Gigs are Mainstream: 37% of traditional workers now have an independent side gig. - Encore Careers: Nearly half of retired workers are engaging as independents. - High-Earning Independents: The number of independents making $100k+ has risen sharply in 2024 to 4.7 million. DOWNLOAD THE STUDY: https://lnkd.in/gfM__QVN After 14 years of studying this segment of the workforce, our hope is that companies will move towards greater adoption of the independent workforce, recognizing the increasing value in this pool of talent. We believe that it will soon become as normal to hire an independent as a full-time employee, and that is the future we are actively working to shape. Special thanks to Emergent Research LLC and Illuminas for your enthusiasm, research, analysis, and partnership. To find out more about out how to apply the insights and findings from this year’s report into your own workforce strategy, or develop compliant practices for your hybrid workforce, schedule a consultation with an MBO Partners expert today. #stateofindependence #SOI2024 #workforceoptimization

ON-DEMAND WEBINAR: The Importance of Compliance in Independent Contractor Engagement – Staffing Industry Analysts' Senior Director of Contingent Workforce Strategies, Knowledge & Research, Stephen M. Clancy, CCWP, welcomes MBO's VP of Enterprise Solutions, Holly Kehrer, CCWP and KPMG's Associate Director, Advisory Resource Management, Contingent Workforce Management, Noah Jones, for an in-depth conversation on independent contractor compliance. Learn about the latest trends, real-world compliance challenges, and strategic insights: https://lnkd.in/gznQYERz Legislative change around independent workers is speeding up due to the rise in the independent by choice movement, which requires modernized labor laws to support worker protections and clarify classifications. High-profile cases like California’s AB5 are inspiring similar policies worldwide, as governments look to balance worker rights with business flexibility. This shift aims to ensure fair labor practices and safety nets for independent workers without stifling the gig economy. #workforceoptimization #workermisclassification #ICcompliance

Guess who's in the dictionary? Our good friend and CEO of Human Cloud! Merriam-Webster Inc.: "Rather than full-time or unemployed, top talent is choosing the fluidity and flexibility of self-employment, with 47% choosing to work on freelance platforms like Upwork, Fiverr, MBO Partners, and the 800 to 1,000 global platforms that increasingly specialize in skill sets, industries, and regions." — Matthew Mottola, Forbes

In today's issue of #TheGreatRealization, MBO Partners VP of Enterprise Solutions Kristian Rayner discusses the value in pivoting to an outcomes-driven approach to talent management, especially amidst breakthroughs in AI and the ever-changing talent landscape. #FutureOfWork #IndependentWorkforce #AI

MBO Partners' Chief Talent Officer, Amy O'Donnell, shares how the Independent by Choice movement reflects a larger trend of individuals rejecting the traditional employer-employee relationship and embracing independent careers that offer freedom, purpose, and financial sustainability. Read Amy's expert insights on how Millennials and Gen Z are actively shaping the #futureofwork. #stateofindependence #SOI2024 #workforceoptimization

The future of work is shifting—and it’s increasingly independent. REGISTER NOW to attend the Open Assembly Community Call, November 7, 12pm EST. Our CEO, Miles Everson, and Steve King, founding Partner at Emergent Research LLC and expert on the #futureofwork, will dive into the 2024 State of Independence research study and discuss how organizations can leverage independent professional talent. Be part of the conversation and discover how this transformation can reshape your business. Special thanks to John Winsor and Brandon Dwight for driving organizational transformation by fostering collaboration and enabling companies to utilize open talent.

ON-DEMAND WEBINAR: Cori McKee from MBO Partners, Christy Danielson from Hewlett Packard Enterprise, and moderator Jenn Simon, CCWP from Staffing Industry Analysts share strategies, real-world case studies, and key insights on transitioning to internal programs. Don’t miss this opportunity to explore best practices for managing independent workforce solutions! WATCH ANYTIME AT YOUR CONVENIENCE: https://lnkd.in/d8xtkfr7 #FutureOfWork #IndependentTalent #ContingentWorkforce #WorkforceOptimization

The adoption of AI by independent professionals boosts their productivity and quality, enabling them to deliver faster and more innovative solutions. This creates a competitive advantage for the companies hiring them – gaining the ability to scale projects efficiently and fast-track cutting-edge strategies.

🚨 Human Cloud PODCAST: In discussion with Matthew Mottola, our CEO, Miles Everson, offers a playbook for anyone who wants to harness the independent workforce and accelerate into the Future of Work. MBO Partners’ 2024 State of Independence report highlights a global talent shift, with full-time independents growing from 13.6M in 2020 to 27.7M in 2024. The CAGR for full-time independents is 5.45% higher than all employment (excluding farm employment) – 6.8% 4 year CAGR for independent workers, and 1.35% CAGR for all employment. LISTEN NOW: https://lnkd.in/gpbdfuqa or find wherever you listen to podcasts by searching "human cloud podcast" #stateofindependence #soi2024 #futureofwork #freebirdsrevolution

1 in 10 U.S. workers is now a digital nomad – according to the MBO Partners 2024 State of Independence research study, 18.1 million Americans now identify as digital nomads—up 4.7% from last year and a staggering 147% since 2019. This surge marks traction in the mainstream, with 11% of the U.S. workforce embracing the freedom and flexibility of the nomadic lifestyle. Welcome to the new normal! READ THE DIGITAL NOMADS 2024 REPORT: https://lnkd.in/gd3UUqh9 #SOI2024 #digitalnomads #workforceoptimization #stateofindependence