What are the biggest challenges you face concerning your contingent workforce? What are the implications of this? Identifying the most critical problems you are facing and deciding what you need to do are crucial in developing a tailored solution for your business.
If your organization is like most, using more flexible talent has become business as usual. According to Deloitte, 77 million workers in Europe, India, and the U.S. formally identify themselves as freelancers, and half of employers it surveyed reported a significant number of contractors in their workforce. McKinsey estimate there are 162 million who engage in some sort of gig or freelance work. Staffing Industry Analysts estimated that human cloud revenues rose 65% in 2017.
Human capital leaders are forever seeking ways to increase workforce productivity, so it’s common to see them championing initiatives such as worker upskilling, investing in AI-enabled tools and implementing LEAN processes to raise efficiency. There is, however, one undertaking that companies often overlook that can significantly enhance output without spending a lot of resources or budget.