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Workforce Engagement
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Independent contractors are becoming an integral part of the workforce of many organizations and direct sourcing is a popular way to engage these workers. Direct sourcing enables access to and connection with top independent talent by facilitating a direct relationship between enterprise managers and independent workers. With a direct sourcing strategy in place, organizations no…
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If your business decides to engage independent contractor talent, a lot of questions will likely arise—especially if this is new territory for your company. There are many common misconceptions about the independent workforce, a 38-million strong talent pool. One important distinction to note is that independent professionals don’t just make up the on-demand economy—Uber and Lyft drivers,…
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Independent contractors provide enterprises with unique access to specialized, industry-specific skills, and are a valuable alternative to investing in a full-time resource. Building a virtual talent pool is quickly becoming key to being a best-in-class organization. A virtual bench is a pool of independent contractor talent you’ve identified, vetted, and developed relationships with over time….
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Employee misclassification can be detrimental to your business. Here are 10 main differences between independent contractors and employees that you should know about.
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Vertical: Healthcare | Type: Workforce Management Independent professionals today are increasingly self-assured in the value they bring to the table. In fact, among independents who make more than $100,000 annually, more than 90 % say they have a lot or some choice in picking the clients they work with. That means there is stiff competition…
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CASE STUDY Vertical: Financial Services | Type: Workforce Management Organizations that engage independent professionals as part of their workforce are increasingly doing so via direct sourcing. By identifying candidates for available opportunities using internal resources rather than relying on a third-party intermediary, enterprises can avoid costly markups and get talent to work faster. As great…
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Building a deep bench of talent is a key component of best-in-class organizations. Yet many companies today continue to rely on traditional methods without taking the current workforce landscape into account. Work arrangements have shifted to include both traditional and independent work, and so too should talent recruitment and engagement methods. Your next top-performing worker…
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Historically, pursuing a career as an independent professional has been a big draw for women. In 2018, nearly 20 million—47%—of independent workers were women. Working independently provides the flexibility to work your own hours, pursue projects you’re passionate about, and freedom to learn new skills, all of which are big draws for women. But the…
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Understanding the dynamics of the marketplace is helpful for any business seeking to develop strategies to maximize the value of independent contractors. To help describe the “human capital” market, a parallel can be drawn to financial markets and the basic elements of managing investments. Whether you’re building your personal portfolio or executing a strategic business…
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There are a variety of dynamics and nuances at play when it comes to managing the lifecycle of independent talent. But there three components that all investments share: Acquisition, Enablement, and Management. My first post on human capital detailed the acquisition process, while my second post dove into enablement. This post concludes the series with the final dimension: management….