Recent figures show that 40% of the US workforce is contingent.
In 2014, nearly 35% of the average company's workforce was contingent or contract-based and this percentage will grow to 45% by 2017, says supply management firm Ardent Partners in its 2015-2016 State of Contingent Workforce Management.
When you add the factor of fluent workforces and contingent employment, which require companies to increasingly rely on temporary employees, then user satisfaction becomes a serious problem.
Honeywell has, for example, commissioned Manpower to supply a contingent workforce, so that, in Honeywell's own words, the company can get the right backup workers in the right place and time to manage surge capacity at its plants and offices around the globe.
But that same year, using the same data, if you included all independent contractors (8.3 million), on-call workers (2.0 million) and temps (1.8 million), you could also say the contingent workforce was 12.1 million, or 10% of the workforce.
According to Edwards, "the contingent workforce is growing 25 times faster than the permanent workforce, and currently, 25 percent of all U.S. jobs are temporary".
"A contingent workforce is the new paradigm," says Edwards.
We develop a model of budget allocation for permanent and contingent workforce under stochastic demand.
Today, the growing contingent workforce provides opportunities for talent-hungry corporations.
Are you tapping the contingent workforce as part of your talent strategy?
They really ignore what this is what they often call the contingent workforce.
