US EditionWhy Your Contingent Workforce Payments Strategy is Costing You and How to Fix It
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Why Your Contingent Workforce Payments Strategy is Costing You and How to Fix It
By Steven Huynh, Vice President, Payments Network and Strategy, Papaya Global The contingent workforce, comprised of independent contractors, freelancers, and gig workers, is no longer an occasional resource. It has become a strategic asset. In the U.S., contingent workers represent between 30-40 % of the labor market today, a share projected to reach 50% by 2050. Paying these workers shouldn’t be a pain. But it is. Contingent workers pose a du…
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