With the meteoric growth of the contingent labour market – even in the face of global economic prosperity – businesses are starting to understand that the rise in temporary talent is not just a reaction to the economic downturn post-2008. It is, in fact, a fundamental shift driven by businesses’ need for greater agility and workers’ desire for a more flexible way of working.
The contingent workforce is not only here to stay but is also likely to grow in the near future. Amid this backdrop, it’s easy to see why businesses want to optimise how contingent talent is sourced and managed in order to drive better business efficiency and reduce the risk associated with their non-employee workforce.
Contingent workers (whether contractors, temps or gig workers) have raised expectations. The labour market is experiencing record-low unemployment, technical skillsets are increasingly difficult to hire, and the Fourth Industrial Revolution is almost upon us. In response, ensuring that contingent talent feels valued and well managed is more crucial than ever – especially if businesses want to remain competitive.