As a result of the past couple of years, organizations have had to rethink the way they look at their workforce. Significant pivots in operational processes have put an emphasis on the importance of business agility and workforce flexibility.
And as we move into what is being dubbed as the “new normal” in 2022, businesses have to deal with new challenges such as the workforce shortage, supply chain disruption and rising inflation.
As we move through the year, there are new trends, challenges and opportunities that will impact business growth - and the contingent workforce is right at the heart of it.
That’s why we’ve created a free eBook of the top contingent workforce trends in 2022. In this guide we take a look at the contingent workforce opportunities and challenges that businesses must embrace over the coming year, including:
- A renewed focus on the importance of business agility
- Why contingent workforce management is now a business priority
- How companies can address the worsening workforce shortage
- Why businesses need to position themselves as an ‘employer of choice’
- The growing number of ways that organizations can better manage their contingent workforce.
You can download the Ebook for free by clicking the image below, or for a quick summary of the points we cover in the guide please feel free to continue reading this blog.
#1 - Contingent workers are important to achieve business agility
Businesses today need to be increasingly flexible to meet the demands of new projects and ever-changing market conditions. To improve business agility, many businesses over the coming year will augment their existing team of employees with a contingent workforce.
The contingent workforce gives businesses the ability to assess their workforce requirements on an ongoing basis, making changes as-and-when needed to ensure they can meet the demands of their customers.
#2 - Company executives now understand that contingent workforce management is a business priority
The percentage of contingent workers that the average company hires is growing at a rapid pace. Yet, despite this, most businesses don’t have an official program in place to manage their non-employee workforce - leading to a complete lack of control over where money is being spent.
Businesses are now realizing that this is a complete waste of money, and leads to poor hiring decisions. Companies that implement official contingent workforce management programs in 2022 will benefit from:
- the ability to access top talent, fast;
- an improved bottom line and cost savings;
- the mitigation of risk;
- and the creation of standardized processes and rates that ensure all hiring managers are following an approved strategy.
#3 - Businesses must address the worsening workforce shortage
The workforce shortage, known as ‘The Great Resignation’, is affecting all industries. There’s no longer just a skills gap, but a complete shortage of workers in general. To thrive over the coming year, organizations will need to find a way to mitigate the challenge of finding workers.
This could include workforce strategies such as offering more competitive salaries, enhancing workplace flexibility, focusing on the retention of existing staff and increasing the use of the contingent workforce.
#4 - Organizations will start to position themselves as an ‘employer of choice’
Contingent workers have been traditionally seen as “temps” that simply come into an organization, do a job, and then leave. Team leaders often don’t understand just how important these workers are to the success of their business, and there’s no real strategy behind engaging and retaining them.
That will change in 2022. With workers becoming increasingly more difficult to source, businesses must now make a conscious effort to become an ‘employer of choice’ for the contingent workforce.
#5 - There’s an increasing number of ways to manage the contingent workforce
We’ve spoken about just how important contingent workforce management is, but how exactly do businesses ensure they have the right strategy in place? Thankfully, there are now more contingent workforce management options than ever before.
Organizations can either manage their contingent workforce internally through a Vendor Management System, or outsource their program to a Managed Services Provider (MSP) or MSP Lite program.
Want to learn more about how to achieve ROI from your contingent workforce? Get in touch with contrax today. Our team of contingent workforce management specialists would love to answer any questions that you may have.