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Workforce Management
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Contingent workforce management involves finding, engaging, and managing contingent talent—people who work as independent contractors, consultants, freelancers, entrepreneurs, digital nomads, gig workers etc. In order to build a blended workforce that is a strategic mix of contingent and full-time talent, it is important to: engage talent quickly, cost-effectively, and compliantly, design and scale a contingent…
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Creating a contingent workforce management program is an important step in ensuring compliant engagement, but adoption of policies you have put into place is key to ensuring that the program you created is followed. One of the most valuable resources to organizations today are independent professionals. This component of your total workforce can bring in…
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Spurred by the Great Realization, the independent talent population is steadily increasing. Fifty-one million professionals are currently working as independents and that number is expected to see 38% growth over the next five years. Even as this talent segment becomes a permanent part of the workforce and a component of competitive advantage, leaders are faced with…
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Freelancers, independent contractors, gig workers, entrepreneurs, etc. create the independent workforce and are changing the way we view and understand work. Today, millions of Americans report working full-time providing professional services. The large majority of these workers have chosen this path of independence and are happy with their choice. From the perspective of enterprises, there…
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Millennials and Gen Z now outnumber the combined ranks of Baby Boomers and Generation X, making up 51 percent of the independent workforce. Independents fill an important need for organizations today, providing much-needed skills, flexibility, and agility. At the same time, these two generations have found a welcome place in the independent workforce. They can…
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Most firms working with consultants, contractors, freelancers and other 1099s will use an RFP (Request for Proposal) to set the tone and guidelines for what is expected to complete an assignment. Clients are more comfortable with engaging a contractor when they outline and understand what needs to be delivered by the consultant. Moreover, consultants will…
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Modern workforces are fueled by contingent labor. The COVID-19 health crisis and surrounding economic uncertainties lit the match thrown into enterprises desperate for optimized business models. Companies plan to increase this sector to gain relevant skillsets and diverse mindsets to keep in step with an ever-changing pivot away from corporate stability to labor agility. In…
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The most effective workforces today consist of a mix of full-time and contingent labor. If you’ve worked with independent talent before, you’re probably aware of how important it is to build a strong foundation to support these workers. Independent contractors have specialized expertise in a particular industry. They are business owners who are likely to…
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A virtual talent bench allows companies to dynamically respond to ever-changing business needs. In order to remain agile and competitive in today’s fast-changing world of business, enterprises increasingly need easy access to skill-based workers. For many, this means reshaping the conventional idea of a workforce into one that is composed of both full-time and independent…
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Work needs to get done, and there’s no time to waste. You need to find a savvy, highly skilled independent professional who respects a strict budget and has the specific expertise you’re looking for. So, where should you start looking, and how do you screen and manage independent contractors to protect your company’s best interests?…
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