The New Workforce Reality
There are many aspects that impact a company’s growth and with HR now becoming more considered as part of the business strategy, particularly in the area of talent and workforce management, the non-perm or extended workforce is now also being included as part of that growth strategy. Today’s workforce management requires an understanding of a diverse talent ecosystem.
Companies are realizing that to keep up with generational and technological changes, they need to embrace this growing part of their workforce, but how far should they go with their inclusion?
“Companies are blending total talent management initiatives domestically and globally. Talent identification being driven by various technologies and platforms delivering the right talent at proper time.”
John F Smith, Managing Director, CXC Global Americas
“There’s an interesting debate within Contingent Workforce programs. Do programs need to create a culture around contingent workforce participants to attract and retain workers? Or increase use of talent pools so when workers are needed they can be accessed quickly for project completion. Maybe there’s a middle ground.” Lou Calamaras, CCWP, Director Global Client Solutions, CXC Global North America.
Lou Calamaras, CCWP, Director Global Client Solutions, CXC Global North America
According to a study conducted by Deloitte, only 42% of workers are salaried employees. The report goes on to talk about the composition of the workforce and how dramatically it is changing. The workforce is now more diverse than ever and businesses are becoming more aware of the challenges of managing this workforce ecosystem.
Of those surveyed, only 29 percent of respondents said that their organizations track these ecosystem workers’ compliance. Risk management is often overlooked or when it comes to workforce management and for CXC Global, it is a key focus.
The below figure from Deloitte shows the wider range of worker types.
Attracting and retaining talent has been the topic of many conversations and now includes the contingent workforce, as businesses look at ways to improve and stay competitive. Forbes published an article about that very topic. Click here to be redirected to the full article.
If you’d like to speak with on of our contingent workforce specialists and learn more about how we assist companies around the globe to compliantly engage and manage their extended workforce, please complete and submit the below contact form.
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Written by Kathryn Hopkins