SOURCE: MBO Partners

MBO Partners

May 02, 2012 09:00 ET

New Third Path for Women: Independent Employment

MBO Partners' New Infographic Reveals 53 Percent of Independent Workers Are Women

HERNDON, VA--(Marketwire - May 2, 2012) - The surge in independent employment in America is in no small part driven by the number of independent women workers, MBO Partners, the leader in the $250 billion and growing independent consulting sector, revealed today in an infographic and media alert. In an era where attention has been placed on women's career choices including the size of the stay-at-home mom population (5.7 million), and working women population (66.4 million), MBO Partners revealed that there are 8.5 million women choosing and enjoying a third path -- independent work. Women account for less than half (47.6%) of today's traditional workforce, but represent the majority -- or 53% -- of the growing independent work segment. Freedom and control over one's own schedule are among the top reasons women choose the third path.

"The growing trend of independence is a testament to the pioneering spirit of our nation and the enterprising nature of women on a mission," said Gene Zaino, CEO of MBO Partners. "As the country continues to struggle with economic recovery, women have forged a viable third path that empowers them with even greater control and freedom over their lives and careers. It also gives them greater fulfillment and a new definition of work-life success."

Independent Women and Success:
While there are nearly 70 million women in the workforce, according to the Catalyst Census, women held just 14.1 percent of Executive Officer positions in 2011, compared to 14.4 percent in 2010. Further, women held less than 10 percent (7.5%) of Executive Officer top-earner positions in 2011, while men accounted for 92.5 percent of top earners. In 2011, women held 16.1 percent of board seats, and about one in ten companies had no women serving on their boards. Independent work has given women a new way to shatter the glass ceiling and many are finding the choice more rewarding than traditional employment. In independent work, women are equal to men in access and success -- more than half of the independent career cohort (53%) comprises women independent workers.

Independent Women and Satisfaction:
Drawing on data from MBO Partner's landmark Independence Workforce Index, the company revealed that 77 percent of women independents are satisfied or highly satisfied and 74 percent plan to remain independent. Flexibility (65%), control over their own schedule (64%) and the enjoyment of being their own boss (59%) were the top reasons cited for remaining independent.

Independent Women Across the Generations:
As women mature in their careers, independent work appears to become a more compelling life choice, with Boomer women among the most likely to go solo, and Gen Y workers less likely to choose the path.

"In MBO Partners' national search for independent professionals dubbed 'Meet the Independents,' we were inspired by our discovery of the everyday stories of experienced professional women finding their own way to balance work and life," says Aassia Haq, Chief Marketing Officer of MBO Partners. "In stories and photos of independent women like Susan, Lisa, Kathryn, Gabriela, or Gloria, we see a glimpse of a brighter future where women professionals can have it all."

Resources For Women Considering Independent Work:
Visit MBO Partners to sign up for the new, Independent Consulting Brief at www.mbopartners.com. To learn more about women in independent business listen to the free replay of the "Third Path Webinar," http://www.mbopartners.com/webinar-third-path-independent-consulting-entrepreneurial-women. If you are considering whether independent work is right for you, take MBO Partners' new quiz: "Are You Ready To Go Solo," http://info.mbopartners.com/are-you-ready-to-go-solo-quiz.html, and see if you get the green light for independence!

The Third Path Infographic: http://www.mbopartners.com/state-of-independence/women-and-independent-work.html

About MBO Partners
For more than 25 years, MBO Partners has led the $250 billion-and-growing independent consulting sector in America. Our services make it easy for independent consultants and their clients to do business. For independent consultants, MBO Partners manages their entire business infrastructure. Our platform includes a proprietary process to handle contract administration, business insurances, health and retirement benefits, expense management, tax withholding, and more. We couple this with the benefits of direct vendor access into enterprises and the "white glove" attention of a dedicated business manager for every consultant. For organizations that use contract talent, the MBO Enterprise Solutions team provides a complete independent contractor aggregation and engagement offering, including compliance and payment solutions for 1099s, sole proprietors and micro-businesses. To learn more, visit: http://www.mbopartners.com.

Contact Information

  • For Additional Information, Please Contact:
    MBO Partners Contact
    Carolyn Adams
    (415) 963-4174 ex.4
    Email Contact