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Posts Tagged ‘Lyft’

California AB5 Sets Dangerous Precedent

California AB5

On Tuesday, California lawmakers passed Assembly Bill 5, which would provide new wage and benefit protections to workers at so-called gig economy companies. The 29-11 vote now sends it back to the state Assembly for final approval. AB5, as it is also called, has drawn staunch opposition from on-demand delivery and ridesharing companies like Uber…

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Rewarding the Baby Steps

Rewarding

How companies can incentivize basic but critical business-building action. Rewarding and Incentivizing a distributor field isn’t all about recognizing those long-term leaders who stay at the top. In fact, many companies are moving in the direction of rewarding and incentivizing distributors who achieve smaller, more attainable milestones based on the specific action steps companies want…

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California Assembly Bill 5 Approved

California Bill

The California Senate Labor, Public Employment, and Retirement Committee passed a bill Wednesday that would likely result in a variety of industries, including gig economy companies, to classify individuals in their business as employees rather than independent contractors. Assembly Bill 5, introduced in January by Rep. Lorena Gonzalez, codifies and expands a landmark state supreme…

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Financial Analysis

China

Public direct sellers: China issues have direct selling stocks starting 2019 off slowly; rideshare unicorn IPOs banged up in the public markets. China Issues Plague Direct Selling Stocks Our proprietary index of Direct Selling stocks continues to lag the S&P 500 so far this year through mid-May, down 3 percent versus +13 percent for the…

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Paying Daily Could Become Your Best Retention Strategy

Career Builder

Career Builder conducted a survey back in 2017 that confirmed that 78 percent of U.S. workers live paycheck to paycheck to make ends meet. In that same survey, it stated that Nearly 3 in 4 workers say they are in debt today, and more than half think they will always be. This shows why alternative…

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Welcome To 2019!

Global

Just as the arrival of a new year allows us start a new chapter and usher in new ideas, we too at Direct Selling News are excited to present to you a few new items for show and tell. As you can see we have added a new coat of paint to our look and…

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Direct Selling vs. The Gig Economy

Direct Selling vs. The Gig Economy

What used to be friendly territory is now a battleground. The gig economy is no longer an outlier. According to a recent McKinsey Global report titled Independent Work: Choice, Necessity and the Gig Economy found that 162 million people in Europe and the United States—or 20 to 30 percent of the working-age population—engage in some…

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Fragile or Agile?

Disruption is coming. How nimble is your company to weather the inevitable storm? Ten years ago, when we needed a ride, we called a cab by default. Then came Uber and Lyft, to the dismay of taxi drivers. Twenty years ago, when we wanted to buy new clothes, we drove to the mall. Then came…

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Nu Skin Enterprises: Innovation in a Brave Nu World

Founded: 1984Headquarters: Provo, UtahTop Executive: CEO Ritch Wood2016 Revenue: $2.208 billionGlobal 100 Ranking: 11Products: Beauty and Wellness Nu Skin Enterprises, the skincare and wellness company founded by Blake Roney, Sandie Tillotson and Steve Lund in 1984, has been able to consistently rank among the upper echelon of direct selling companies in the world because it has remained consistently focused on one…

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