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According to the U.S. Bureau of Labor Statistics, at the end of July 2023 there were 8.8 million open jobs but only 5.25 million job seekers. This gap, a skills shortage mainly in the technology space, and caution around adding headcount has more and more companies turning to independent talent to meet their workforce needs….
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“There have never been more payroll jobs in the U.S. There have also never been more people working independently.” 2023 State of Independence Report Those two statements may seem paradoxical, but they are both true. The U.S. independent talent population has grown steadily year on year—from 2020 to 2023 alone it jumped by 89%. Even…
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Direct sourcing is a way to connect directly with independent contractors and engage them for project-based work. Rather than using a third-party service like a staffing or consulting firm to find talent, companies can source talent internally using their own resources. This approach helps to save time, money, and resources while often resulting in sourcing…
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Born between 1997 and 2012, Gen Z is the first digital-native generation. Computers, the internet, and smartphones are integral to their day-to-day lives, not the optional features of other generations. Their worldview, colored by a world in turmoil, has fostered a perspective on life and work that significantly differs from their elders. One in every…
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We’ve talked about the importance of creating an optimized workforce to future-proof your enterprise. We’ve also talked about how to conduct a skills assessment to figure out skills (and associated roles) that are most important in your independent talent pool. And we’ve observed that competition for those skills can be stiff. Now, let’s talk about…
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If your organization is not already using a marketplace to find independent professionals, you may be missing out on great talent. Talent marketplaces—online platforms that connect independent contractors with projects—are continuing to grow in popularity. In 2023, 40% of independent contractors said they used a talent marketplace to find work and 47% said they planned…
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A talent network is a vetted and qualified on-demand pool of independent professional talent that managers use to fill project roles quickly. An established talent network that has either worked with your company before or been through a vetting process can be hugely valuable. This group of independents will already be familiar with how to…
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Even as employment figures reach unprecedented levels in the U.S., roughly a quarter of the average company’s workforce today comprises contingent labor. This is more than a trend. Independent talent have a solid foothold in today’s labor market. More significantly, independents are working in increasingly strategic roles. They impact a company’s productivity, goal achievement, and…
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The future is always on the business radar—for example, the economic future, the market future, the regulatory future. But the idea of forecasting the future in the context of work and how it gets done—what we’re calling the “future of work”—is new. The model of a predominantly onsite 40-hour work week has been in place…
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Engaging independent contractors comes with many benefits: increased staffing flexibility, access to in-demand skills, cost savings, and a workforce for project-based work. But in exchange for these advantages, companies must be aware of how to navigate compliance in order to operate legally when engaging contingent workers. From a legal perspective, independent contractors fall under a…
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