The average enterprise company reported that “contingent” labor now makes up 28% of its workforce, according to The Contingent Labor Imperative: How Agile Enterprises Succeed in a Modern Workforce Model. “Contingent” refers to non-permanent labor, such as temporary agency workers, internal temporary workers, freelancers, independent contractors, and “statement of work” consultants.
“We don’t see this trend going away any time soon,” says Miles Everson, CEO of MBO Partners, a provider of back-office services to freelancers. “There’s a human capital scarcity challenge in this country. With that human capital scarcity challenge, the balance of power has shifted to the employee—from the employer to the worker. Now employees are realizing they can work for multiple companies on their own. There is such demand for those that are highly skilled that they are choosing to work as independents. This is not just because of the pandemic. The pandemic perhaps accelerated it. It’s not the root cause.”
Read the full story at More Big Companies Are Hiring Freelancers. That’s Good News For The Self-Employed