3 Benefits of Using Independent Talent to Solve Common Pain Points

By MBO Partners | June 13, 2024

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Key Points

Adapt to market fluctuations by expanding your access to skilled labor.

Increase flexibility and agility by building a blended workforce of independent and full-time talent.

Realize new cost savings with staffing flexibility, quick onboarding, and skilled talent.

In today’s dynamic business environment, companies are increasingly turning to independent talent to address various challenges such as skill shortages, disruption, and competition. This strategic move offers several advantages, ranging from cost savings to increased innovation. Here are three key benefits of leveraging independent professionals to solve common pain points in your organization.

1. Expand Your Access to Skilled Labor

Adapting to market fluctuations and changing business needs is difficult for all organizations. Independent talent can bring a wealth of specialized skills and expertise to businesses that may not be available within existing teams. This is particularly valuable for addressing specific pain points that require niche knowledge or advanced technical abilities.

Independents are experts in their fields, so expanding your workforce to include contingent talent can help boost the quality of labor that hiring managers have access to. Whether you need a cybersecurity expert, a marketing strategist, or a software developer, independents can offer the precise skills required to meet your organization’s unique challenges. Here are a few more ways independents can help expand your access to skilled labor:

  • Diverse expertise: Independents come from diverse backgrounds and have expensive experience in their respective fields, enabling them to tackle complex problems with innovative solutions.
  • Immediate impact: Hiring a skilled expert can help managers quickly address urgent issues without the time and expense associated with training existing employees.
  • Fresh perspectives: External talent can provide new insights and alternative approaches that might not be considered by in-house teams. This can help to foster creativity and innovation within your workforce.

Check out: 4 Ways Direct Sourcing Builds Workforce Agility

 2. Boost Your Flexibility and Agility

An optimized workforce is one that includes a strategic mix of full-time and independent talent. This type of blended workforce can help enterprises remain competitive, agile, and efficient. Independents give businesses the ability to respond quickly to evolving demands and fluctuations in the market.

Pursuing workforce optimization has many benefits including access to top talent, happier workers, more operating leverage, and cost savings. This adaptability can be particularly beneficial for startups or smaller companies that lack the resources to maintain a large, permanent workforce. Here are a few additional benefits to workforce optimization using independent talent:

  • Scalability: Independents can be engaged on an as-needed basis. This allows you to scale your workforce up or down in response to project demands or market conditions.
  • Faster onboarding: With the right processes and technology in place, independents can start work quickly, reducing the lead time associated with hiring and onboarding new employees.
  • Focus on core activities: By outsourcing non-core functions to independent talent, your internal teams can focus on strategic priorities and core business activities. This can help to enhance overall productivity and efficiency.

Learn more: Why You Need a Workforce Optimization Strategy Now to Attract Tomorrow’s Top Independent Professional Talent

 3. Realize New Cost Savings

The cost of remaining in business is another pain point many organizations today face. One of the most significant advantages of incorporating independent talent into your workforce is the potential for cost savings. Full-time employees come with a range of associated costs such as salary, benefits, office space, and additional training.

Independents, on the other hand, work on a contract basis and do not require additional training or benefits. By minimizing expenses, companies can allocate resources more efficiently and invest in other critical areas of the business. Here are a few additional ways independents can help your company realize new cost savings:

  • Reduced overhead: Independents often work remotely or use their own resources, eliminating the need for additional office space and equipment.
  • Pay-as-you-go: Engaging independent contractors for specific projects or periods of time can help companies avoid the ongoing costs associated with permanent employment.
  • Flexible pricing: Many independents offer different pricing models such as hourly rates, project-based fees, or retainers. This allows companies to choose the best option for their budget.

Read next: 8 Ways Direct Sourcing Reduces Staffing Costs

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