Background and Mission
Created by a group of workers who have experienced the shortcomings of 1099 work firsthand, 8x5 was built with a focus in mind: fix the contractor-employer relationship. The way we work has changed. More and more companies are turning to contractors to get important work done that was traditionally done ‘in-house’. The ratio of contractor per employee at companies across the board has risen by 48% since 2017…. And, that’s just fine with workers: workers appreciate flexibility in their work now more than ever. Today nearly 40% of Americans work as independent contractors, a 33% increase since 2016.
The increase in contract work has outpaced innovative and equitable solutions for contractors to manage finances and access high quality benefits packages available at many large companies. Obran - 8x5’s parent company - exists to put the engines of business to work for humanity. 8x5 exists to put those engines to work for independent work and create an equitable, innovative solution built with you in mind. Join us today.