Is Your Contingent Plan Current?
Remote work options have made it simpler for contingent employees to take on new projects from anywhere on the globe, and they have also changed the way people think about their professions. Choosing the correct technology solutions may assist HR departments in hiring contingent employees for skills and fostering development in the workplace.
A Contingent Workforce in Transition
Contingent employees are no longer just young individuals looking for experience while looking for their first long-term job. An increasing percentage of contingent employees are older, including retirees who return to work on a contingency basis. People have realized that they may accomplish their work, learn new skills, and improve their careers in a more flexible setting than many traditional jobs allow.
Therefore, the contingent labor is expanding. These complications may be managed with the aid of HR professional resources and the correct tech solutions.
Recognizing the Needs of Temporary Employees
Companies must recognize that one of the reasons people pick contingent roles is to channel their self-directed desire to learn and progress. The more these individuals experience a sense of belonging to your organization, the more they'll want to perform work that positively impacts it. Organizations that approach their contingent employees as short-term resources risk losing out on long-term learning and skill development.
Communicating a company's mission and values, creating opportunities for employee engagement, and providing real ways to build skills and expand diversity. These all play important roles in maintaining culture and attracting contingent workers.
Organizations that depend too heavily on contingent employees also take the risk of not investing in the skill development and training within their own employee base, creating an even larger reliance reliance on the contribution of contingent employees to accomplish basic job activities.
How to Develop a Flexible Workforce
The contingent workforce is increasingly important in firms' struggle for talent, representing billions of dollars in related investment. Companies must understand how contingent employees fit into the employment mix today in order to properly develop the right mix and manage these workers within the context of the total workforce.
Companies seeking fresh talent will need to focus on recruiting for skills as contingent employees become a concentrated repository of critical talents, whether the function is seen as a contingent role or a long-term traditional employment connection.
AI assisted technologies provide excellent abilities for identifying required skill sets and attributes and recruiting individuals who possess those skills.
While HR managers and their teams cannot be fully replaced by technology, they may, however, collaborate with the correct technology and research to acquire a better understanding of contingent employees' expectations. With these data, executives may plan recruiting and management efforts that best use the capabilities of contingent employees for the business.
The Future of Work
As business, HR, and workforce disruption continues to occur, more companies are hiring contingent workers as opposed to full-time employees. Why? The answer is simple: the value/cost ratio. Contingent workers are highly skilled labor with specialized experience and expertise that companies retain on a contract basis without having to pay for employee benefits and social security that full-time employees receive. Contingent workers can provide high value at a lower cost than direct employees. Companies are increasingly using this cadre of talent for short term projects or longer-term work opportunities. Access to contract knowledge, skills and flexibility is shaping companies’ broader global talent strategies today that and determine the architecture of their future workforce organization. It is predicted that over the next ten years, the global employee landscape will continue to evolve much differently than it has historically and even the work product will change to leverage the advantages of a contingent workforce or hybrid employment model.
MSI’s workforce planning experts can help strategize and build an optimal workforce model including a contingent workforce framework and management to support the business growth and profitability objectives.
This article is for discussion purposes only and not intended as legal advice.