| Take heed dear reader. We are smack in the middle | | | | reach age 65 in 2011, the population will begin to age |
| of a major sea change occurring in businesses across | | | | rapidly, and there will be a shortfall of over ten million |
| America; and its taking place right before our very | | | | skilled (or qualified) workers. The operative word is |
| eyes. Companies are forever changing the way they | | | | "qualified." |
| hire employees today, and I predict this is just the | | | | More Opportunities |
| beginning of something that will explode in 2011 and | | | | As more companies go to the new 1099 format, they |
| beyond. | | | | will look for the most qualified person to help move the |
| Gone forever are the days of the permanent | | | | project forward. Thus worker be become more like |
| employee (W-2's). Here to stay are the days of the | | | | ball players who sign a contract for a specific period |
| new "contract worker," better known in the accounting | | | | of time and when that contract is complete, they will |
| world as 1099's. Companies are rapidly changing | | | | move on to another. |
| strategy when it comes to hiring employees. To | | | | It's not hard to imagine more companies going to the |
| understand this new phenomenon, you must view it | | | | "1099- contract worker" format. Well, ready or not |
| from an employer perspective. When a company hires | | | | here they come. However, with great opposition come |
| a person as a 1099 they don't have to pay: | | | | great opportunities. The war for find "qualified" workers |
| 1. Workers Comp. claims, | | | | is about to heat up big time, and for those employees |
| 2. Into a retirement fund, | | | | who have sharpened and honed their skills; you will be |
| 3. Vacation time, | | | | in great demand. |
| 4. Sick leave, | | | | Summary |
| 5. Health insurance or, | | | | The American workplace is in the mist a major sea |
| 6. Payroll taxes; | | | | change. No longer will workers be classified as |
| 7. Huge employee lawsuits, just to name a few. | | | | permanent (W-2's), but more companies are quickly |
| The Problem | | | | going to a 1099 (contract worker) format. This will |
| The American workforce is aging rapidly. By 2011 | | | | allow companies to field the best and brightest talent, |
| more than 40% of the current U.S. workforce will be | | | | while at the same reduce obligations and liabilities. |
| over the age of 40. According to The Bureau of | | | | Copyright © 2010 Cubie Davis King. All rights |
| Labor Statistics (BLS), once the oldest baby boomers | | | | reserved worldwide. |