New Gig Law—New Need for Business Agility
by CFO Magazine
With California now the first in the nation to begin regulating its gig workforce—and other states likely to follow—RGP CEO Kate Duchene wrote an Op-Ed in CFO Magazine detailing how businesses can best compete in this new economic landscape.
3 Key Takeaways:
- Other states will likely follow California’s new Jan. 1 law now classifying many independent contractors as full-time employees.
- This development could cause massive management challenges as businesses potentially face a patchwork of 50 individual state laws regulating America’s $1.2 Trillion gig economy that today includes 72 million Americans—and growing.
- Until nationwide federal laws are passed, the best way for businesses to respond to this new trend is adopting agile solutions, e.g. RGP’s business model of deploying W2 employees with clients on a consulting basis as well as technological solutions such as cloud-based freelance management systems.