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Workforce Strategy
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Engaging an independent contractor is a very different process from hiring a full-time employee. In general, full-time employees are the best option for ongoing business needs that are a core competency of your company. Independent contractors, on the other hand, offer flexible options for project-based work, or when you need to bring on specialized expertise…
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AI is steadily permeating all aspects of enterprise operations. Workers are already using the technology, mainly in the form of generative AI, to increase productivity and improve output. More comprehensively, companies across industries are reengineering processes to incorporate AI. For example: Banks are transforming financial advisory services Insurance companies are automating auto and home claims…
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A new report based on a research study by MBO Partners and Emergent Research hit the internet today. “Exploring New Frontiers: How Independent Workers View and Use Generative AI in 2024” looks at how independents interact with Gen AI in their businesses. Our research, which included 1,132 independent workers and 3,832 traditional workers, indicates that…
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Direct sourcing—the process by which a company leverages independent contractors—has seen rapid advancement in recent years. As the market shifts to increased use of independent talent, direct sourcing will become even more important to enterprises that want to optimize their workforces The Evolution of Direct Sourcing Basic direct sourcing can take the form of finding…
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The use of direct sourcing to leverage independent workers from an internally developed pool of talent has rapidly grown in the past few years. As of early 2023, nearly 80% of large organizations either have a direct sourcing program in place or expect to explore the approach within the next two years. Finding the ideal…
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Unsurprisingly, companies are increasingly recognizing the need for agility and flexibility within their workforce. Recent layoffs among traditional W2 employees have prompted a reevaluation of conventional employment models. As organizations navigate economic uncertainties and rapid technological advancements, the spotlight increasingly turns towards the strategic integration of independent contractors & a contingent workforce. This shift not…
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Enterprises today are increasingly using workforces composed of full-time, independent, and offshore talent. By shifting to project-based workflows that align with this mix of talent, companies can be more flexible in creative in how work gets done. Many have transitioned to remote work, or partially remote work as a new way of operating. To remain…
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Over the past year, both supply and demand for independent workers increased. MBO Partners’ latest State of Independence Study found that 72.1 million Americans reported working independently in 2023. A tight labor market and demand for workers with specialized skills led more organizations to rely on independent talent to fill skill gaps. Together, this increased…
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MBO Partners’ 2023 State of Independence report found that there have never been more people working independently—more than 72 million Americans reported working as part-time, occasional, or full-time independents. There is a growing demand for independent talent, who are well-positioned to provide companies with flexible, on-demand expertise. And as more people see independent work as…
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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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