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The Long Term Shift to Contract Labor by Small Businesses

Small Business Labs

billion in 2010. Over the period from 2010 to 2018, contract labor spend by sole proprietors increased by an annual growth rate of 9.1%. Spending on salaries and wages grew from $73.7 billion in 2010 to $97.9 the spending on traditional employee salaries and wages from 2010 to 2018. This is up from $64.8

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Use of Contract Labor by Small Businesses Continues to Grow

Small Business Labs

billion in 2010.   This is an increase of 65% between 2010 and 2016.    Over the same period, spending on salaries and wages (meaning traditional employees) rose from $73.7   Way back in 2003, contract labor was only about 20% of the labor costs of sole proprietors. By 2010 it has risen to 31%.

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Use of Contract Labor by Sole Proprietors Surging

Small Business Labs

.  As the chart below shows, sole proprietor contract labor expenses increased 38% between 2010 and 2013.    Over the same period salary and wage expense increased only 10.7%. In 2013 contract labor was 36% of total labor costs, up from 31% in 2010 and just 20% in 2003

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Will This Tough Job Market Change Generation Y?

On The Job

With their technology skills and great social networking abilities, GenY ( born roughly between 1980-2003) previously have found employers willing to meet their expectations. Today, more than 50 percent of candidates say they will take the salary offered. January 11, 2010 2:32 AM Anita said. January 11, 2010 1:05 PM Grant said.

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