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Working to Live, Not Living to Work:
Five Insights into the Gen X
Independent Workforce
Steve King: Partner, Emergent Research
Carolyn Ockels: Partner, Emergent Research
Moderator
Gene Zaino
President & CEO, MBO Partners
We Make it Easy for Independent Consultants &
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Expert Speakers – Emergent Research
5
Steve King
Partner
Carolyn Ockels
Partner
Gen X
• Born From 1965 to 1979
• Current Age 33-48
• Roughly 50 Million Americans
• Came of Age During the
“Great Moderation”
• Known as the “Slacker
Generation” in the 90’s
6
0
20
40
60
80
100
Gen Y Gen X Boomers
Millions of People
Gen X Independents
• 5.9 Million Strong
• Roughly 50-50 Male/Female
• Average Income = $51,000
• Average Tenure as
Independent Workers = 9
years
7
Gen X: Choosing Independent Work
• Highest percentage of any
demographic group to choose
independence
8
Gen x Not Gen X
Chose Independence 68% 51%
Became Independent
due to factors beyond
my control
10% 14%
Unable to find a
traditional permanent
job
8% 15%
Lost Job 13% 22%
Inability to find
employment when
entering job market
4% 18%
Gen X Independents Highly Satisfied
• Gen X is one of the most
satisfied demographic groups
and plans to stay
independent
9
Gen x
Satisfied with
Independent Work
88%
Plan to Stay Independent 64%
Plan to Build a Bigger
Business
12%
Plan to seek a full-time
job
12%
Gen X Adds “On-My-Terms” to the Job Equation
• Values the freedom, flexibility
and control that independent
work provides
10
Gen x Not Gen X
Work/Life Flexibility 57% 45%
Control Career 60% 39%
Work on Projects and
Tasks I like
58% 42%
Do What I Love 64% 47%
Gig Gurus
• Gen X sees and is reacting to
the shift to a gig economy
11
Gen x Not Gen X
Self Describe as Gig
Gurus
54% 45%
Self Describe as
Business Owners
30% 45%
Get Work Due to
Specialized Skills
83% 61%
My Industry Increasing
Relies On Independent
Workers
64% 47%
Creative Pursuits Trump Money
• Gen X least likely to choose
independence for the money
and most likely to be in a
creative field
12
Gen x Not Gen X
Self Identified as an artist
writer or performer
22% 10%
Listed occupation as
creative/design
12% 6%
Media is primary industry
served
17% 3%
Choose independent work
to make more money
28% 38%
Facing the Challenges of Independence
• Gen X are realists about the
challenges of independence
13
Gen x Not Gen X
Uncertain income stream 62% 51%
Worry about retirement 50% 35%
Worried about the future 34% 28%
I feel more secure working
independently than if I had
a traditional job
37% 40%
Looking to the Future
• Gen X entering prime
independent work years
• Coming war for talent favors
Gen X independents
• The appeal of
freedom, control and
flexibility is increasing
• Continued growth in the
contingent workforce
14
Questions and Discussion
15
For More Information:
http://www.mbopartners.com/state-of-
independence/independent-workforce-index.html
http://www.mbopartners.com/state-of-independence/index.html
For Additional Information on MBO Partners
17
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• VISIT our website - www.mbopartners.com
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Gen X Driving Independent Work Trend

  • 1. Working to Live, Not Living to Work: Five Insights into the Gen X Independent Workforce Steve King: Partner, Emergent Research Carolyn Ockels: Partner, Emergent Research
  • 3. We Make it Easy for Independent Consultants & Their Clients to Work Together 3
  • 4. Webinar Controls 4 The full screen icon maximizes the presentation area. The chat box allows you to send a question to the presenter. The raise hand icon alerts the organizer that you have a question or comment.
  • 5. Expert Speakers – Emergent Research 5 Steve King Partner Carolyn Ockels Partner
  • 6. Gen X • Born From 1965 to 1979 • Current Age 33-48 • Roughly 50 Million Americans • Came of Age During the “Great Moderation” • Known as the “Slacker Generation” in the 90’s 6 0 20 40 60 80 100 Gen Y Gen X Boomers Millions of People
  • 7. Gen X Independents • 5.9 Million Strong • Roughly 50-50 Male/Female • Average Income = $51,000 • Average Tenure as Independent Workers = 9 years 7
  • 8. Gen X: Choosing Independent Work • Highest percentage of any demographic group to choose independence 8 Gen x Not Gen X Chose Independence 68% 51% Became Independent due to factors beyond my control 10% 14% Unable to find a traditional permanent job 8% 15% Lost Job 13% 22% Inability to find employment when entering job market 4% 18%
  • 9. Gen X Independents Highly Satisfied • Gen X is one of the most satisfied demographic groups and plans to stay independent 9 Gen x Satisfied with Independent Work 88% Plan to Stay Independent 64% Plan to Build a Bigger Business 12% Plan to seek a full-time job 12%
  • 10. Gen X Adds “On-My-Terms” to the Job Equation • Values the freedom, flexibility and control that independent work provides 10 Gen x Not Gen X Work/Life Flexibility 57% 45% Control Career 60% 39% Work on Projects and Tasks I like 58% 42% Do What I Love 64% 47%
  • 11. Gig Gurus • Gen X sees and is reacting to the shift to a gig economy 11 Gen x Not Gen X Self Describe as Gig Gurus 54% 45% Self Describe as Business Owners 30% 45% Get Work Due to Specialized Skills 83% 61% My Industry Increasing Relies On Independent Workers 64% 47%
  • 12. Creative Pursuits Trump Money • Gen X least likely to choose independence for the money and most likely to be in a creative field 12 Gen x Not Gen X Self Identified as an artist writer or performer 22% 10% Listed occupation as creative/design 12% 6% Media is primary industry served 17% 3% Choose independent work to make more money 28% 38%
  • 13. Facing the Challenges of Independence • Gen X are realists about the challenges of independence 13 Gen x Not Gen X Uncertain income stream 62% 51% Worry about retirement 50% 35% Worried about the future 34% 28% I feel more secure working independently than if I had a traditional job 37% 40%
  • 14. Looking to the Future • Gen X entering prime independent work years • Coming war for talent favors Gen X independents • The appeal of freedom, control and flexibility is increasing • Continued growth in the contingent workforce 14
  • 17. For Additional Information on MBO Partners 17 • EMAIL US - info@mbopartners.com • VISIT our website - www.mbopartners.com • FOLLOW US on Twitter - @mbopartners • SIGN UP for out monthly newsletter - email newsletter@mbopartners.com