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Free Agents - 9/17/15

According to a new survey from recruiting and employment firm Kelly Services, fully 31 percent of American workers consider themselves to be free agents.  These workers identify themselves as independent contractors, freelancers, small business owners, temps or even moonlighters.  What they don’t identify themselves as are traditional employees, meaning people who received their sole source of income from just one employer. 

Many of these free agents are relatively happy.  As reported by CNNMoney, free agents report higher levels of satisfaction than traditional employees, including in terms of work-life balance, skills development and opportunities to advance their careers.  Only ten percent of these workers indicate that they were forced into it because of economic conditions. 

These free agents cut across all industries, but are more prevalent in information technology, accounting, finance, engineering and education.  Perhaps somewhat surprisingly, thirty six percent of Baby Boomers identify themselves as free agents compared to just twenty six percent of Millennials.  Companies are often eager to bring on experienced, high skilled older workers for projects. 

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.