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Why Do Companies Engage Independent Professionals?

   |   MBO Partners   |   July 16, 2019

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Today’s workforce ecosystem is more diverse than ever before. Enterprises are building a more dynamic workforce with a mix of salaried employees and contract or freelance talent. And the contingent worker side of this equation is quickly growing as companies embrace the skills, expertise, and flexibility of on-demand talent.

More than 60% of senior executives say their external workforce is important or very important in increasing organizational agility, increasing speed to market, and developing or improving products and services. This shift towards outsourcing work on a project-by-project basis gives employers access to skilled expertise when and where they need it most. Here are three reasons why companies choose to engage independent professionals

1. Access to In-Demand Skills

Emerging technology, changing worker preferences, a strong economy, and a tight jobs market are major trends shaping today’s work environment. Unfortunately, these developments have made it harder for companies to find workers with the skills they need—67% of large organizations report having difficulty finding talent for their workforce.

Independent professionals are increasingly the answer to this problem. This group of highly-educated and credentialed talent can help to fill skill gaps in a company’s workforce, providing access to in-demand skills that are hard to find in a traditional talent pool. Independent professionals are experts in their respective fields, providing knowledgeable expertise on-demand.

2. Financial Benefits

Today’s talent market is competitive and the price of employment is rising. Benefits packages that accompany traditional employment, whether they are lucrative or basic, can quickly become prohibitively expensive for companies looking to grow quickly. Outsourcing talent on a project basis is often more cost-effective and efficient than hiring a full-time employee who may become a burden to the company after a project is completed. Independent professionals offer skilled expertise for a set period of time.

3. Workforce Flexibility

By bringing high-end skills and staffing flexibility to the table, independent professionals allowing businesses to act and react faster, helping them remain both competitive and efficient. Sometimes, businesses need help solving an important problem, or want to pursue a one-off project, but simply don’t have the ability to redirect their core group of employees away from daily operations.

Independent professionals are a great solution to this problem, giving companies access to temporary, highly-skilled workers. By bringing in independent talent to supplement their full-time workforce, companies can take the opportunity to invest in new markets, test out a new line of business, or fill out a team for an upcoming project initiative.

4. A New Perspective

While trusting someone who is not an employee of your company to handle important work may feel strange at first, it can actually be a benefit rather than a drawback. Independent professionals offer a fresh set of eyes and unbiased ideas, providing objectivity and a new perspective that someone from within your company may not have.

And because independents make their living working with many different companies, they have a wealth of experience and knowledge garnered from past projects. They can provide fresh, creative ideas, and a different perspective on possible challenges that may be hard to see from the inside out.

Independent professionals can give your business a valuable competitive advantage in today’s project-based economy. Do you have specific questions about the benefits of independent talent for your organization? Our team is here to help.

MBO Partners