Talent is an organization’s greatest asset, and in most cases, its greatest expense. In today’s tight labour market, the power in employment dynamics has changed, and the best talent is increasingly becoming only available through non-traditional worker relationships. Last year alone saw 31 per cent of the U.S. workforce performing gig/contract work, with total revenue generated by contingent or part time labour amounting to $864 billion.
Yet, even with the emergence of this diverse workforce ecosystem, Deloitte’s 2018 Human Capital Trends report finds 84 per cent of organizations lack established policies and practices to manage a blended workforce. And ones that aren’t streamlining their processes are missing out on valuable opportunities to control costs, mitigate risk and increase visibility into their workforce.
Continue reading “Aligning HR and Procurement for better contingent workforce management”