As gig work becomes a larger part of the economy, two U.S. senators and some of the nation’s largest unions are pushing for corporations to disclose more about their workers who are not full-time employees.
Sens. Mark Warner, D-Va., and Sherrod Brown, D-Ohio, are urging the Securities and Exchange Commission to require publicly traded companies to report the numbers of their workers who are not classified as full-time employees, including independent contractors and subcontracted workers. The disclosures would include, for example, ride-hailing drivers and delivery workers whom Uber Technologies Inc. UBER, +4.83% and DoorDash Inc. DASH, +7.
Under current disclosure rules, companies must report the numbers of only their full-time employees annually, but the senators say those numbers do not fully encompass the size of their workforces. Gig workers are just the latest, and in some ways most high-profile, example of a long-term trend toward contingent work that includes the franchise and subcontractor model, which allow companies to push responsibilities and costs typically placed on companies onto the employees instead.
The letter by Warner and Brown follows and supports a similar one sent by six unions, including the AFL-CIO, the International Brotherhood of Teamsters and the SEIU, to Gensler in January. They also asked the SEC to ensure that companies are more thorough when disclosing information about their workforce numbers.
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