Contract Workforce Not Sharing Equally in Prosperity of Tech Industry
LOS ANGELES, Oct. 10, 2023 /PRNewswire/ -- New analysis from workplace equity technology firm Trusaic indicates contract workers are not sharing in the success of the technology industry the same way regular employees are. Contingent workers on average make less than their regularly employed counterparts, the analysis finds. In addition, men dominate the contingent workforce and earn more than women working in science and engineering roles – mirroring the tech workforce overall. Trusaic partnered with workplace intelligence firm Revelio Labs to create the new report, (available for download here) and their analysis builds on the work of the Contract Disparity Worker Project from California's Tech Equity Collaborative (TEC).
- In addition, men dominate the contingent workforce and earn more than women working in science and engineering roles – mirroring the tech workforce overall.
- States are beginning to recognize the critical importance of the so-called "shadow workforce" and seeking ways to remedy inequities.
- "The tech industry has relied heavily on contract workers for more than 40 years," says Robert Sheen, CEO, Trusaic.
- As many third-party agencies help tech companies augment their staff, a lack of transparency can leave contract workers vulnerable, TEC notes.