Subscribe now using your favorite service:
This is the second half of a conversation that host Rebecca Tobin and retail reporter Jamie Biesiada with Jackie Friedman, the president of the host agency Nexion:
a robust talk about the rise of the independent contractor is our
podast episode today. A good deal of travel sales are handled by
independent contractors, or ICs, and means that the advisor has their
own business but affiliates with another, larger agency or a host agency
for support, better commission tiers, training, marketing collateral
and so on.
One of the more surprising pandemic trends for agencies was a rise in
the number of ICs, and Friedman has some thoughts on that; we’ll get
into it here.
On the news front, the U.S. Department of Labor has proposed a rule
that would make it tougher for companies to categorize workers as ICs;
and this rule is intended to help classify workers who are akin to
employees. Two links below explore about how this rule might impact
travel agencies with lots of ICs and, of course, the ICs, themselves.
This episode has been edited for length and clarity.
More on independent contractors
Travel advisors are the ‘great’ kind of busy
Host agency Avoya reports growth in first-time travel advisors
ASTA formally suggests fees, blasts past membership goals
Travel advisors are well positioned in the rebound from Covid-19
Labor Department updates
Labor likely won’t target travel agencies over status of ICs
Department of Labor’s criteria for determining IC status
Source: Read Full Article