Contingent Workforce Journal

Read news on contingent workforce management, updated monthly.

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Facts on Contingent Workforce

1. 60% think ‘few people will have stable, longterm employment in the future’. (Pwc)
2. Around 40% of the current workforce consists of contingent workers, with the average company having 18% of their workforce being contingent. (Hr)
3. While contingent hiring declined 56% in the first half of 2020 a much larger and faster drop compared to the 2008 Recession it quickly returned to preCOVID levels by July and hiring was 9% higher yearoveryear by September. (Prnewswire)
4. The hottest industries for contingent hiring in 2020 were IT/technology, healthcare and professional services. (Prnewswire)

5. 40% of respondents say monetary compensation is by far the most valued factor in their job search. (Prnewswire)

6. “32% of organizations are replacing fulltime employees with contingent workers as a costsaving measure,” says Brian Kropp, Distinguished Vice President, Gartner. (Gohyer)

7. In 2021, the demand for talent in Eastern Europe is projected to grow by 10%, while in Western Europe by 3.5%. (Cxcglobal)

8. 40% of companies stated that they found their best talent through the ondemand workforce. (Hr)

9. 34% of companies include contingent workforce as part of their strategic planning. Within the next two years this is expected to increase to 54%. (Cxcglobal)

10. 30% of companies directly source contingent workers. Within the next two years this is expected to increase to 49%. (Cxcglobal)

Industry News

Please note: The insights provided in this section are commonly republished from third-party sources. Articles are the exclusive opinions of the authors. Workspend accepts no liability for their accuracy or for any consequential impacts of any actions resulting from the use of this information.

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