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With an ever-increasing rate of adoption for all forms of contingent labor, the contingent workforce is a critical part of the overall workforce today. As companies grapple with the coronavirus crisis today, these “contingent” workers will likely play an even bigger role in how companies operate.
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Today’s tight labor market has created a fierce battle for talent. According to a recent study, attracting and retaining top talent ranks as the number-one internal stressor for C-suite executives globally in 2020.
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In recent years, many organizations have tapped into the contingent workforce, but the future of such work arrangements is uncertain. To gain a better understanding about how organizations acquire and manage the contingent workforce, we ran a survey from October 2019 to January 2020.
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Contingent workers are typically hired in a temporary or per-project capacity as part-time, seasonal, temp or contract workers. When that project or season is over, they are paid and the contract or term is completed.
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The mix of external vs. full-time talent will soon rise to nearly 50 percent globally. The external workforce isn’t just about “bandwidth.” It’s a source of deep expertise. Hidden in this workforce are brand ambassadors with crucial tribal knowledge.
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Contractors, consultants, freelancers and other non-permanent staff have been a growing part of many companys' talent equation for years. But as companies grapple with coronavirus (and prepare for its aftermath), these “contingent” workers will likely play an even bigger role in how companies operate.
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As the Coronavirus spreads and layoffs increase, there are some organizations that are still hiring. We live on separate coasts, but there are “Help Wanted” signs up at both of our local grocery stores.
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Do you have “old school” Senior Leaders who still refuse to allow people to work from home (WFH) in spite of the current Coronavirus Pandemic? Believe it or not, many people still do. If so, is there a way to coach them to “see the light?” Maybe, or maybe not.
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As COVID-19 spreads globally, managers across the world who supervise office teams are implementing policies that require their direct reports to work from home.
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