Freelance isn't free in New York
Staffing Industry Review
Freelance isn't free in New York
Sharon Thomas
| November 12, 2024
main article
Companies hiring 1099s/independent contractors in the Empire State must comply with contract, payment, recordkeeping and anti-discrimination requirements within the Freelance Isn’t Free Act, which became effective Aug. 28.
Source: North America Legal Update Q3 2024
A High Point
Average gross margins among publicly traded staffing firms fell 27 basis points to 27.6% in 2023. The decline comes after remaining relatively stable, near 25% from 2006 through 2020, and peaking at 27.9% in 2022.
Source: Gross Margin and Bill Rate Trends - September 2024 Update
Source: The US Gig Economy 2024