2019 EXTERNAL WORKFORCE TREND HIGHLIGHTS
What should be high up on your C-Suite Agenda
Did you know that 70 percent of CEO’s and C-Suite executives say that external workforce is critical to their business operations? And that 44 percent of companies’ workforce budget is spent on their external workforce? In this report, we go through the latest in the external workforce trends. External workforce, simply, is another word for contingent or an external resource. These are the employees who work for a client company, without being considered as a permanent employee of this company. The most important driver for using external workforce is the just-in-time or JIT nature of it and the role it plays as an essential in helping improve business performance or increasing speed to market.
It’s all about the supply and channels
In 2019, companies are employing a multi-channel strategy to ensure that their supply lines run uninterrupted when it comes to external workers. Multi-Channel strategies may include outlets such as traditional staffing companies, service providers, on-demand freelance marketplaces and direct sourcing.
In 3 years, over 75% of companies will be direct sourcingFieldglass
Why direct sourcing is the future of external talent supply?
In this gig economy, talent uses marketplaces to find their next Gigs instead of traditional channels. Furthermore, it’s important to note that companies can save around 30-40 percent by removing the middleman. And these marketplaces can reduced time to fill your open Gigs by 40 percent or more.