The business world is changing. Seemingly by the day, new technologies and strategies are redefining how work is done by pushing today’s enterprises into exciting territory as they seek competitive advantages and fresh sources of business. Within this scenario, the very notion of “talent” is actively shaping how far enterprises can go in terms of innovation, growth, and ultimate business expansion. Talent is today’s most valuable commodity, and as globalization takes its hold on businesses across the world, the dynamics around talent are being revolutionized.
To get a better understanding of this talent and how it is accessed, managed, and optimized in today’s business world, Field Nation contributed to the underwriting of a report conducted by Ardent Partners on “The State of Contingent Workforce Management 2015-2015: The Future of Work is Here.” This report covers the evolution, assessment, performance, and recommended strategies for contingent workforce management leaders so they can improve overall customer workforce management operations and results.
Last week, we looked at the top impactful sources of non-employee talent and how they are altering the scope of contingent workforce management in varied and significant ways.
The State of Contingent Workforce Management… and the Future of Work (cont.)
The Contingent Workforce Hits Its Tipping Point
The “flex economy.” The “gig economy.” Non-traditional talent. Contingent labor. The “external” or “extended” workforce. The names associated with today’s contingent workforce may vary, but, one thing is certain: in 2015, the non-employee workforce has reached its true tipping point. No longer does the contingent workforce remain a mere spend category or arena of human capital; there are social, economic, political, and labor-oriented impact areas associated with today’s non-employee workforce that are changing the modern business environment in such a way that its influence will be irreversible. This “flexible workforce” powers much more than simple projects, professional endeavors, or corporate and strategic initiatives: it actively shapes how business is conducted around the world.
The realm of social media is a veritable buffet of talent. Professional services are found and managed (and scheduled) via mobile applications. National governments regularly update the judgements and ramifications on how non-employee workers should be accounted for in tax- and business-related aspects. The lines between non-employee and FTE workers continually blur. Some talented workers eschew traditional employment for the flexibility of freelancing. The business world is evolving based on the progression of how talent is found, engaged, and sourced; today’s contingent workforce is a mere category of talent no longer… it has become a seismic shift in business history.
Coming Up: We analyze where talent is concentrated in today’s business world and the role the external workforce has played in influencing these changes.
To read the full report, download it now.