Study: Obamacare destroys good jobs and replaces them with freelancers
Looking to work for a big corporation? In many firms, your best opportunity could be as a freelancer, according to a new survey of human resources professionals at companies with 1,000 employees or more.
In the Gig Economy Survey by Field Nation, a platform that connects businesses and workers, and Future Workplace, an executive development firm, 60% of companies surveyed said they planned to hire more freelancers by 2020. In 2016, 33% projected a 10 to 29.99% increase in hiring of contracted labor.
The industries with the greatest representation were technology (22%), financial services (13%) and professional services (10%).
One big driver is the Affordable Care Act (ACA). Among respondents, 29% said it is having a very high impact on their plans to hire freelancers, and 39% said it is having a high impact. Thirty-seven percent said they will hire “a lot more” freelance workers as a result of the law, and 37% said they would hire a few more.
Some companies will also be cutting back on overhead to mitigate increased healthcare costs under the law. Following their Affordable Care Act plan increases for 2016, 30% of respondents said their companies would cut paid vacation days, 30% planned to cut team-building exercises, 29% expected to cut flexible working hours, 29% planned to cut healthcare packages, and 28% expected to cut performance bonuses, the survey found.
This article continues at [Forbes] New Study: Affordable Care Act Drives Freelance Hiring