Jaydeep Chaudhari MANG 3778 Dr. Mahesh Sathi December 1 2015 Upcoming future of Jobs in Market The job market is shifting and the setting of work available is much more different than it was a decade ago. As the technology advances and economy changes makes working in one physical location has become less a necessity, employees now find themselves faced with diverse possibilities for employment, in a variation of arrangements. According to the Freelancer’s Union, one-fourth of working Americans are now their own employer, working either on contract or as a freelancer. The unstable economics and advanced technology that is behind this rush of self-employment, it also seems to be a generational and cultural miracle. The average job duration is 4.4 years. Accepting your career options can help isolate you from the resulting fiscal pressure if a startup fails, or if you’re laid off from the jobs. The employees with full time work for one company and is earned either by hourly or salary for work. Contractors and freelancers have a very diverse relationship with companies, which means now not as employers, but clients. The difference between contract and freelance work itself, but, is a little less clear, and one can occasionally shape into the other. Normally freelancers are employed by the project, and the client relationship is Direct. Freelancers are likely to report and withhold their own taxes, and usually record their deductions. They do not get employee benefits
The courts distinguish between an employee, defined in s.248(1) of the Income Tax Act, hereafter, ITA, as the “position of an individual in the service of some other person”. An independent contractor, is someone with a “contract for service.” The case that considered an employee versus and independent contractor was Wiebe Door Service Ltd. v M.N.R. In this case, the applicant owned a door instalment business and had a number of contractors that worked for them. The contractors were responsible for their own taxes, workers compensation and unemployment insurance. However
Changes in the demographic characteristics and lifestyles of the workforce are occurring at a time when businesses are also in a state of flux. Global competitive pressures and the push toward greater productivity have resulted in a number of organizational changes that increase the appeal of alternative work arrangements.
What is the importance of goals? Do goals help you plan out your future? Or possibly give you something to work for? To me goals provide a map of what I want to do, how I’m going to do it, and why I want to do it. Goals also provide a sense of accomplishment when you finally get to finish whatever you’ve been working towards. The need for goals in life is clear, because without goals, we wouldn’t get much done. Simply because of the fact that there wouldn’t be anything to work towards, and no structure to our future. One of my most important goals is to graduate college, to get a career in psychology. This goal is extremely important to me because of the fact that not many people in my family have even finished high school.
Self-employed people will run their own business, they will be contracted to provide a service their clients. They will not be paid through PAYE and they do not have the same employment rights as employees or workers, Self-employed people will however still have protection for their health and safety on a client’s premises, they will have their rights and responsibilities set out in the terms of the contract with the client. They will not be entitled to holiday pay. They may however in some cases be classed as self-employed for tax purposes but classed as an employee or worker for employment rights. See point 2 Appendix
The possibility of economic gains and losses is also considered, meaning a party with a considerable investment in the business (beyond their labour) is generally considered to be an independent contractor rather than an employee. The regularity of employment is another key factor since if a party works solely for one employer, the party is considered to be an employee whereas if a party habitually works for various employers, the party is considered to be a contractor. An employee typically performs work personally, while an independent contractor may possibly appoint the work to employees or, in some cases, outside subcontractors. The legal status of the worker is taken into account because if the worker as incorporated their own business and carries out the contract under the business name, the worker would more than likely be viewed as an independent contractor. In consideration of public image, the relationship will bear a resemblance to employee status if the worker’s impression to their coworkers and the general public is reflective of a regular employee. In regard to official contractual portrayals of employment relationships, courts look at the “economic realities” of the relationship in use. Additionally, there is no Canadian law that prevents any parties employed part time, casually, at home, or through an employment agency from being viewed as an employee (England, 2008, pp.
In today’s society, outsourcing has become a very critical and controversial issue to companies and other countries. Outsourcing is known as offshoring as an organization’s use of an outside organization for a broad set of services. As technology continues to grow and advance more, outsourcing becomes more popular. Many American white collar jobs are being taken over by foreign countries around the world. Almost every occupation or career in the United States has some effect of the outsourcing. As a result, many Americans become unemployed and financially challenged; being that outsourcing can increase the United States unemployment rate. Employees who live in the US rather keep jobs in the country to create more opportunities. On the other hand, few stakeholders
As you will see from my resume, I have been successfully self-employed for many years. This requires initiative, dedication, and focus. Multitasking ability and organization are absolute necessities. I believe in doing whatever necessary to get the job done right and on time - whether that means schedule management and travel arrangements for an
Self employed - if you are not employed in a contract of employment with an employer but contracted to provide services other a period of time for a fee or be a business in your own right. Therefore a person will work for themselves rather than a employer. You do not have employment rights but have to pay your own income tax and national insurance contributions.
By hiring a freelancer, you are also saving more time to do other productive things.
Laborers in the United States will lose their occupation, as their work is moved to alternative areas around the world. In July, for instance, Wachovia Corporation declared arrangements to move a large number of its data innovation (IT) occupations to India and told its 3,000 U.S. IT laborers to plan for lay-offs. The suspicion is that these going to-be dislodged laborers will be re-employed quickly, and at significantly the same wages. The information on reemployment results are constrained, however citizens can get a sign from the Bureau of Labor Statistics Displaced Workers Survey (2004). The overview demonstrates that, of specialists who were dislodged somewhere around 2001 and 2003, 35 percent were still unemployed in January 2004,
Detailed audio case studies — with text transcription — of successful freelancers. Learn how they got their first clients, what mistakes they made, how they chose
In 2012, a 14-year old girl was shot in the head on a bus ride home from school in Pakistan. She was targeted by the Taliban because she believed in the rights of education for women and was not afraid to take a stand against this oppressive regime. Malala Yousafzai at 17-years old is a Nobel Peace Prize winner. Since then, Malala has opened schools in Lebanon, has a charity called The Malala Fund, and continues to speak to world leaders to fund the right for education. Malala is a pioneer for educational rights, just as I hope to be a pioneer for chemical engineering.
An independent contractor is ”people who truly have their own businesses and are their own bosses”, while an employee is paid by the company and entitled to other benefits (i.e. medical/dental, pension, vacation, sick days, life insurance, etc.)
Initially, the purpose for offshoring was due to producers wanting to lower fixed costs and also seeking lower waged workers. By moving job duties abroad, producers were also able to avoid unionized workers (Gupta & Sao, 2009). In recent years, offshoring has also become popular in higher waged jobs such as software development. Outsourcing is very similar to offshoring, where a firm purchases inputs or services from another firm, but the firm is also located in the United States (Harrison & McMillan, 2006). A staffing agency is an example of outsourcing. A company is assigned by a client, and employees of the staffing company work directly with the employees of the client (Houseman, 2007).
My ultimate career goal is to be a general human resource manager or recruiter for a public school system, University or a Fortune 500 company. These are career fields in which I foresee great potential for growth in the future.