Be Aware of Big Changes to 1099-K Reporting Requirements
Even before the pandemic forced millions of workers into remote roles, the ranks of those working in the mushrooming gig economy had been swelling. With so many workers using online platforms to line up and execute freelance jobs, tax regulations have fallen behind. However, the IRS is making changes to update how they approach taxation…
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How a Managed Service Provider can Help you Survive The Great Resignation
The Great Resignation continues as millions of Americans opt to leave their current job behind in search of something else – something better. While there have been periods of so-called “turnover shock” before, the Great Resignation is unprecedented in its size and scope. As a result, workforce management pros struggle to keep up with the…
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MSP VS Managed IT Services
So, here’s one of those things that has long been a source of confusion when it comes to workforce management. We’re talking today about the term Managed Service Provider, or “MSP”. Depending on who you ask, an MSP is either a way to outsource contingent workforce management or it is a way to outsource IT…
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NYC’s New Regulations on App-Based Businesses Illustrates the Shifting Rules Surrounding New and Evolving Worker Types
Here at the nextSource blog, we’ve been covering the regulatory issues surrounding gig economy companies like Uber and similar app-based business models. Past coverage focused mostly on the ongoing legal debate over whether drivers, delivery persons and other app-based workforce elements were best classified as 1099 contractors (what the platform providers claim to be the…
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How to Use Modern Managed Services Like the Fortune 500
Innovation typically begins at the highest levels of industry, where deep-pocketed companies (with the budgets to support experimental projects) support early adoption of emerging tech and process. This was true of the rise of the Managed Services Program or MSP for workforce management in the 1990s. Once proven by the largest players, the MSP concept…
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Focus on Diversity and Inclusion to Drive Stronger Recruitment
Plenty has been written about the benefits of a more inclusive and diverse workforce. From flourishing creativity to increased productivity and employee engagement, a more diverse, inclusive workplace makes recruitment and retention of talent easier. It also translates to bottom line growth. Companies with gender diversity on their executive teams for example were 21% more…
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What is Upskilling and Why It’s More Important than Ever
According to Forbes magazine, “Upskilling has become a corporate priority essential to hiring, developing, and retaining the best talent to continue to constantly improve on behalf of customers.” In today’s job market, where COVID has driven unprecedented waves of job departures, the desire among workers to strike out in search of better, more gainful employment…
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Pandemic Forces Bring Significant Changes to the Nature of Work this Labor Day
nextSource is getting ready to celebrate Labor Day, recognizing and honoring the labor movement in America and the unique contributions that workers of all stripes have made and continue to make to the growth, development and achievement of this country. It is coming at a pivotal time for the American worker, as the very nature…
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Market Dynamics Driving Talent Scarcity
We’ve entered a time when there are simply not enough workers to manage and grow our companies. At the same time, unprecedented levels of social, political and economic change are redrawing the boundaries and dynamics of the global workforce. The net result is currently manifested in growing scarcity of talent and those responsible for workforce…
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Your Workforce ROI may not always be easy to measure
Through the nextSource Progressive Program Model™ we’ve standardized the practice of Supplier Audits, Benchmarking, Cost Baselines and the establishment of Savings Goals to increase ROI throughout your program’s lifecycle. Our teams regularly report on these savings for full transparency and use these discussions to provide further insight into future savings plans. Here is a little…
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