RETHINKING WORKFORCE MANAGEMENT IN THE AGE OF CONTINGENT TALENT: Having Your Cake and Eating It Too

Success in the modern business environment demands greater flexibility and agility from operations and cost structure. Historically, companies had to choose: flexibility at the expense continuity, or structure at the expense of agility. Many have found the answer in the form of a contingent workforce—freelancers, contractors, agency staff, and gig workers— who are redefining the rules of work.

Contingent talent is no longer a tactical lever it is a strategic asset. The organizations that thrive in the future will be those that seamlessly integrate contingent and full-time workforces into one strategy. With the right governance, technology in the form of Workforce Intelligence (WFI) and process driven approach, businesses can rise to the challenges of workforce management. They can have the flexibility of contingent labor and the stability of core employees.