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Managing a Contingent Workforce

March 19, 2019

With a steady rise in contingent work arrangements in the US and elsewhere, employers have started to realize the value of hiring independent contractual workers. The appeal of specialized skills, along with low hiring costs and flexibility, has made contingent workers a preferred option for many leading companies. But the rise in the number of contractual workers has also led to a pertinent question. Are contingent workers manageable? While there are many benefits of hiring them, it's also important to be aware of how to manage them. That aside, there are a number of issues to consider while populating your organization with contingent workers. Here are some points to keep in mind when managing contingent labor: Staffing firms The decision to hire contingent labor is best left to a staffing firm. They can screen, select, recruit, and assign workers to your organization. ... View Post

Role of Technology in Contingent Labor Market

March 14, 2019

Hiring of contingent labor has significantly risen in almost all industries in the past few years. Human resource (HR) experts have predicted that the contingent labor market would increase manifold in the days ahead, with companies all set to hire hyper-specialized staff for their operations. That aside, in an uncertain economic scenario, a contingent workforce lends greater flexibility to work. Effective contingent labor management calls for the proper use of technology in tracking, ... View Post

Looking at the Contingent Staffing Crystal Ball

March 01, 2019

A booming economy and historically low unemployment rates are all good news for economists. But these factors have an immediate and profound impact on talent acquisition, management, and development. Low unemployment indicates a level of saturation that keeps new talent from entering the workforce. As a result, bringing new candidates to the talent pool becomes more difficult, more expensive, and a bigger challenge. Good candidates are now in demand which has driven up expected salaries. ... View Post