Strong Desire for Self-Employment Could Challenge Corporate Employment Strategies
May 19 2004 - 11:00AM
PR Newswire (US)
Strong Desire for Self-Employment Could Challenge Corporate
Employment Strategies A Quarter of Self-Employed Derive Income from
Large Corporations NEW YORK, May 19 /PRNewswire-FirstCall/ -- As
the economy turns the corner and employment opportunities
strengthen, American employers may face challenges attracting
workers who have found satisfaction in self-employment and holding
on to current employees who aspire to work for themselves, reports
a national poll of workers released today by Hudson. The survey
reveals that an emerging class of entrepreneurs benefits from the
stability of engagements with large companies and government
organizations without being tethered to a traditional employment
relationship. About a quarter of the self-employed derive income
from these entities, representing more than 9 million workers. A
majority of self-employed respondents (62 percent) report previous
employment in the private sector. The poll reports that almost
three-quarters of entrepreneurial America - those who classify
themselves as self-employed or as the owners of small businesses --
say that being self employed is their dream job. Nearly half of
employees who currently work for private companies say
self-employment is their dream job as well. Both these groups
believe that entrepreneurs have more opportunity for career and
income growth, the survey reports, with 60 percent of entrepreneurs
and half of private sector employees saying so. "Companies will
have to rethink their approach to attracting and retaining talent,
giving more consideration to the benefits of entrepreneurship and
getting creative about how they structure employment," said Jeff
Anderson, senior vice president of Hudson Global Resources.
Anderson notes that independent contractors and small business
owners are increasingly seeking to establish outsourcing
partnerships with Hudson and other corporations as a means to
increase flexibility, gain exposure to new technologies, and
enhance their income stream. "The more appealing self-employment
becomes, the more corporations will need to adjust internal human
resources practices." Hudson, one of the world's leading
professional staffing, outsourcing and human capital solution
providers, also publishes the Hudson Employment Index, the first
monthly measure of employee attitudes on critical work issues,
including career opportunities, job satisfaction and workplace
performance. Next month's Hudson Employment Index will be released
on June 2, 2004. Hudson Hudson delivers specialized professional
staffing, outsourcing, human capital and diversity solutions
worldwide. From single placements to total solutions, the firm
helps clients achieve greater organizational performance by
assessing, recruiting, developing and engaging the best and
brightest people for their businesses. Hudson is a division of
Hudson Highland Group, Inc. (NASDAQ:HHGP) one of the world's
leading professional staffing, retained executive search and human
capital solution providers. The company employs more than 3,600
professionals serving clients in more than 20 countries through its
Highland Partners executive search, Hudson staffing and solutions
businesses, and Hudson Highland Center for High Performance. More
information is available at http://www.hudson.com/. Special Note:
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995: Except for historical information contained
herein, the statements made in this release constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Such forward-looking statements involve certain risks
and uncertainties, including statements regarding the company's
strategic direction, prospects and future results. Certain factors,
including factors outside of our control, may cause actual results
to differ materially from those contained in the forward- looking
statements, including economic and other conditions in the markets
in which we operate, risks associated with acquisitions,
competition, seasonality and the other risks discussed in our Form
10-K and our other filings made with the Securities and Exchange
Commission, which discussions are incorporated in this release by
reference. DATASOURCE: Hudson Highland Group, Inc. CONTACT:
Jennifer Bernhart of Hudson, +1-813-890-7379, ; or Anshula
Ahluwalia of Ogilvy Public Relations, +1-312-397-6074, , for Hudson
Highland Group, Inc. Web site: http://www.hhgroup.com/
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