This article is an executive summary of a recent white paper written by Andrew Karpie, "Engaging the 21st Century Independent Professional Workforce."
In his new research report, Andrew Karpie, Principal & Chief Analyst of The Research Platform, delineates the history and evolution of work arrangements and the infrastructure that has arisen to serve the new work economy. Karpie presents difference between labor market intermediaries and reveals the gaps and needs of the new workforce model.
This paper covers three main trends:
(1) organizations changing use of labor/talent and evolving work arrangements,
(2) workers’ changing perspectives, needs and preferences, and evolving work arrangements, and
(3) new digital platforms/ecosystems enabling the prior.
In addition, it establishes how MBO Partners is leading the establishment of an innovative engagement enablement platform and a digital-service ecosystem that will meet the growing support needs of independent professionals and the enterprises/other organizations that wish to do business with them.
A work market once largely driven by traditional employer-employee relationships has evolved to include alternative work arrangements. In the mid 20th century, an entire industry sector has emerged to meet the needs of organizations (largely by borrowing the linear industrial age procurement processes) that need to source and procure non-traditional labor, such as temporary and independent workers as well as workers who choose a non-employee work arrangement. This industry sector includes vendor management systems, managed service providers, Independent Contractor Engagement service providers, temporary staffing suppliers and professional services firms.
Until recently, the contingent workforce has traditionally been viewed with a singular lens with functional systems and solutions largely focused on efficient procurement and management. However, in the 21st century there is a growing population of highly skilled knowledge workers that deliver their expertise and services to organizations by contract work arrangements. This growing class of independent professionals has illuminated the limitations of traditional engagement methods and has stimulated the development of an emerging digital ecosystem of work arrangement intermediaries to support these limitations.
MBO Partners has been identified as uniquely positioned to be a keystone in this ecosystem, to serve the 21st century population of independent professionals as well as the managers and organizations who need the services of these professionals.
MBO Partners developed a calculator that quantifies what we can: the IRS component of the risk. Our legal team scoured the IRS code and assembled the possible penalties into a single easy-to-use calculator.
Requests for Proposal (RFP) and contracts are vital communication tools widely used to attract and engage vendors, independent consultants and freelance contractors. Learn how to write RFPs that resonate with the independent consultants that you wish to attract for each project.