Ngage Rail White Paper: The advantages of a contingent workforce
The current global slowdown has forced companies to consider methods of saving money, such as implementing hiring freezes, reducing the size of the workforce, cutting out training, reducing employee benefits and implementing other cost cutting initiatives.
With the recent focus of the war for talent giving way to more immediate needs of lowering costs and in some cases, corporate survival, it would be easy to overlook the contingent workforce as part of the solution to both challenges. Indeed, one would be foolish to do so.
Today’s employment mix comprises a diverse composition of talent from a variety of sources and among them is the contingent workforce.
A post World War II phenomenon where temporary workers were primarily used to fill vacancies due to leaves of absence like maternity leave or illness, the use of contingent workers has grown across the industrialised world.