Recession fears and corporate belt-tightening have led to what seems like a daily barrage of layoffs. But while the shaky economy is taking a toll on full-time employees, it’s offering a silver lining to gig workers and contractors.
As employers seek to cut their labor costs and have the flexibility to staff up and down, demand for contingent workers is rising. Listings for contract jobs jumped 26% when comparing the stretch of May to November 2022 to the same period in 2021, according to LinkedIn’s Future of Recruiting report. The same report showed that full-time roles grew by just 6%. Companies across a wide variety of sectors, from technology to advertising, are leaning more heavily on freelancers.
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