About The Contingent Workforce
Why Is The Contingent Workforce Experiencing Such Rapid Global Growth?
Research indicates that one third of the U.S. work force is now comprised of Contingent Workers, who are sometimes referred to as freelancers, contractors or temps.
And the growth isn’t just limited to the United States. Globally, the contingent workforce is expected to be worth around $400 billion by 2018.
This group of workers is growing at more than twice the rate of the full-time work force and the trend looks set to continue into the foreseeable future.
Contingent workers provide convenient, flexible, specialized skills that best fit the changing needs of the modern workplace. Here are the top three reasons companies are choosing to hire temporary employees:
Savings on time and money
Contingent workers are normally employed by the staffing company that sourced the worker or via contingent workforce solutions providers like Emergent.
This means that the responsibilities of an employer, such as payroll, insurance, legal, HR and benefits administration rest with the staffing company or the Employer of Record – saving the client company time and money.
Short term help
Many companies have a significantly smaller staff than they had a couple of years ago. Yet the same amount of work (or more!) has to be done.
Hiring contingent workers on a project basis to help during busy periods with no obligation to continue to work with the contractor after the project is complete.
Opportunity to “try before you buy”
Hiring a contingent worker on a temporary basis with a view to filling a permanent role is becoming increasingly common.
It allows both the company and the contingent worker to ensure that they are the right fit for each other. If not, the company is free to end the contract at the end of the trial period without any further obligation.
Talk to Emergent today to find out how your business can profit from the shift towards the contingent workforce today by e-mailing info@emergent.com or calling toll-free on 855.250.5000.