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Is your organization underspending on information security? If you’re like most, spending on information security lags far behind other priorities. Only during the past few years has spend on information security started to increase, but it still lags behind. In this Research Report, Wellington summarizes findings from research conducted with thousands of organizations to highlight
Microsoft announced it intends to acquire Linkedin – the premier business social network – in an all-cash deal for the sum of $26 billion on June 13, 2016. The acquisition announcement set off a firestorm of controversy about the deal ranging from utter bewilderment and outright rejection, to admiration for its chutzpah and vision.
We're not in Kansas Anymore
The nature of the relationship between employers and employees has been changing for fifty years. It used to be that a company hired a worker, funded that workers healthcare and pension, and courted loyalty from employees who tended to stay with the same firm for 20, 30 and 40 years. Those paternalistic days of one-firm and one job for life also saw companies who would hire employee’s friends, operate internal training programs for its labor pool, promote from within, and count on business growth from a dedicated and loyal workforce.
However, a variety of data sources point to the growing role of alternate work arrangements in the economies of the industrialized world where people are not full-time employees. In the U.S. more people are no longer 1040 employees, but are becoming 1099 employees. These alternate forms of working arrangements include agency temporaries, on call workers, contract workers, independent contractors, self-employed workers, and part-time workers.
Growth of a contingent workforce
According to a study reported by the US Government Accountability Office, such contingent work arrangements accounted for as much as 40 percent of the US work force in 2010, compared with 35 percent in 2006, and less than 10 percent in 1975. The same study notes the largest category of contingent workers are part-time independent contractors, accounting for 16 percent and 13 percent respectively, of the 40 percent of workers in such employment arrangements. Research from the Federal Reserve finds the rate of growth in part-time employment surging since 1990, resulting in annual net increases of 62,000 such part-time positions annually.