Small Business Labs
NOVEMBER 23, 2015
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.
On The Job
DECEMBER 1, 2009
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. But then the recession hit and unemployment soared to more than 10 percent.
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