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Workforce Management
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What is the Independent Workforce? Independents are the 64.6 million people in the US who work as contractors, consultants, freelancers, and entrepreneurs. This fast-growing population includes all age ranges, genders, skill sets, and income levels, and spans many different segments of our economy from app-based commodity service like on-demand drivers, to graphic designers, government consultants,…
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This is the third in a five-part series discussing skills critical for future success. Other articles cover critical thinking, communication, and entrepreneurship. Talk about creativity in business and the conversation will soon lead to innovation. The words of big thinkers like Steve Jobs, Henry Ford, or Thomas Edison will be recalled to support the importance…
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Innovation is requisite for successful competition. But even as enterprises recognize the need to innovate to stay relevant in continuously evolving markets, their intellectual capital is in danger of draining away due to factors like these: Layoffs. Over 3,150 US companies announced layoffs in 2022. As of the first quarter of 2023, over 972 firms…
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Not long ago, the term “freelance executive,” if heard of at all, was an oxymoron. While there have been interim and fractional CXOs in the marketplace for a long time, this talent takes temporary full-time or part-time roles to fill or backfill openings at the C-suite table. But the idea of a freelance executive? It’s…
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This is the second in a five-part series discussing skills critical for future success. Succeeding articles will cover creativity, communication, and entrepreneurship. A recalibration is taking place in the workforce as leaders are moving to skills-based organizations and artificial intelligence (AI) is slowly taking on some roles, either completely or as an adjunct to human…
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Pay equity, the practice of compensating workers in similar roles with comparable pay regardless of demographic factors, is a legal requirement in most states for full-time employees. The Great Resignation has led to a worker-driven market, and a strong commitment to pay equity across your total workforce is a competitive factor in today’s market. How…
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Our research has revealed that enterprises engage highly compensated and in-demand skill sets for their contingent labor programs to address talent shortages and the inability to find full-time employees qualified for the roles being filled. Though financial considerations are a part of the reasons for engaging contingent labor, these five rated higher than cost in…
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Generation Z is a hot topic among employers today. With its oldest members currently representing 15% of the workforce and the youngest just entering their tweens, the first digital-native generation is set to make big waves in business in the coming decades. Companies seeking the skills that Gen Z brings to the table are finding…
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More and more, workers are leaving corporate America by choice. Rather than becoming independent due to job layoffs or other events, they choose independence for their lifestyles and life goals. It’s an intentional choice, and the number of people making it is accelerating. Company leaders across all business sectors are recognizing the need to shift…
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While we may not as far as to call it a “war,” there is certainly very strong competition for talent across all industry sectors. Part of the driving force behind the optimized workforce—a blend of full-time and independent talent—is the need to access high-value and trusted skill sets on an ongoing, but not full-time, basis….
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