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Is 2023 the Year of the Contract Worker?

  • The shaky economy and corporate belt-tightening have led to increased demand for gig workers and contractors, as employers seek to cut labor costs and maintain flexibility in staffing.
  • Listings for contract jobs have jumped 26% compared to the previous year, while full-time roles have only grown by 6%, according to LinkedIn's Future of Recruiting report.
  • Employers see hiring contingent workers as a cost-effective option that reduces tax obligations and benefits costs while providing flexibility in staffing up or down as needed.
  • The rise in gig workers and contractors is driven not only by budget constraints but also by shifting worker preferences and the desire for independence and flexibility.

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