Business leaders know agility is everything when it comes to your company’s workforce. Companies are under pressure to scale teams quickly, stay compliant in multiple states, and control costs, all while focusing on innovation and core operations. That’s where Employer of Record (EOR) and contingent recruiting partners come in. Outsourcing contingent workforce management isn’t just about convenience; it’s a financial strategy. When done right, it delivers a clear Return on Investment (ROI) that strengthens your bottom line while reducing administrative and legal exposure. 1. Reducing Hidden Employment Costs Hiring and managing contingent workers directly means absorbing payroll taxes, benefits administration, compliance, insurance, and HR labor. These “hidden” costs typically add 15–20% to base wages. An EOR streamlines this by consolidating payroll, benefits, and compliance into a single transparent fee, often 2–3% lower than the actual in-house cost. 🔑 Key Savings Areas: Employer tax contributions (FICA,… [Read More]
EOR vs. MSP: When Do Companies Need Each for Contingent Workforce Management?
As companies grow, managing contingent workers—contractors, freelancers, and temporary staff—becomes more complex. At some point, organizations begin asking whether they should partner with an Employer of Record (EOR), a Managed Service Provider (MSP), or even both. Understanding the differences will help you decide the right path for your workforce strategy. When an Employer of Record (EOR) Makes Sense An EOR is the legal employer of record for contingent workers. They handle onboarding, payroll, taxes, benefits, and compliance, making them ideal for: Small to mid-sized programs (typically 10–100 workers). Companies hiring across multiple states or countries without establishing legal entities. Organizations that source their own contingent workers but need help with HR, payroll, and compliance. In short, an EOR solves the compliance and employment risk problem, while creating a positive worker experience with benefits and timely pay. When a Managed Service Provider (MSP) Is the Better… [Read More]
Contingent Workforce Trends in 2025: Navigating the Future of Work
Contingent Workforce Trends in 2025: Navigating the Future of Work The nature of work continues to evolve rapidly, and 2025 promises to be a pivotal year for the contingent workforce. As businesses face ongoing economic uncertainty, technological disruption, and shifts in worker expectations, the reliance on non-traditional labor models — including freelancers, independent contractors, gig workers, and temporary staff — is expected to grow significantly. The contingent workforce is no longer just a supplement to full-time employment; it has become a strategic cornerstone for many organizations aiming to maintain agility and competitiveness. Here’s a detailed look at the key trends shaping the contingent workforce landscape in 2025: 1. Growing Share of the Workforce The contingent workforce is projected to make up over 40% of the total global workforce by 2025. Organizations are increasingly adopting flexible staffing models to scale operations quickly, respond to market demands,… [Read More]
Top Contingent Workforce Trends
The modern economy is witnessing a significant transformation in the composition of its workforce, with the contingent workforce playing an increasingly pivotal role. In 2024, understanding the key contingent workforce trends is crucial for organizations striving to maintain a healthy roster of talent. This article explores the rise of the contingent workforce, global statistics, factors contributing to its growth, and the importance of grasping these trends. Additionally, it delves into the key trends shaping the contingent workforce in 2024 and common challenges faced by organizations. The Rise Of The Contingent Workforce In The Modern Economy The contingent workforce has experienced exponential growth globally, with the contingent workforce management market projected to reach $465.2 billion by 2031. In the US alone, 40% of the workforce is made up of contingent workers, and this number is expected to rise to 50% by 2050. Factors Contributing To The… [Read More]
The Labor Dilemma: What’s Reshaping the Workforce?
America’s unemployment rate has defied expectations, holding steady at under 4% for nearly two years. This stagnation isn’t just a pandemic-related blip; it’s a deep-rooted issue that has been brewing for decades, manifesting in labor disputes in major industries like automakers and airlines. Labor shortages are evolving into a crisis, set to impact wages and turnover. The workforce has been sounding alarms for years, citing baby boomer retirements, declining birth rates, shifting immigration policies, and evolving worker preferences as the culprits. As the labor market softens, these factors are unlikely to change significantly in the near future. In this article, we’ll explore the causes of the labor crisis, including the role of technology, and investigate the rising preference for contingent work arrangements among both employers and workers. Shifting Worker Preferences In recent years, one of the most significant forces shaping the labor market is the… [Read More]
Contingent Workforce Planning: Best Practices for Success
Businesses, regardless of their size or structure, are continually in pursuit of a competitive edge. Their primary goal is to identify strategies that can elevate them above their competitors. In recent times, an increasing number of companies have turned their attention to reevaluating their workforce as a means to gain a strategic advantage. The convergence of technology and shifting societal values has led to a notable surge in the significance of contingent workers. Additionally, there has been a growing emphasis on achieving a healthy work-life balance, which has contributed to the rising popularity of non-traditional employment. Consequently, contingent workforce planning offers a path forward for many organizations. This article will discuss the best practices for building a successful contingent workforce. Creating a Contingent Workforce in 8 Steps In 2021, Staffing Industry Analysts (SIA) counted 52 million contingent workers within the United States, representing 35% of… [Read More]
Hiring Interns: A Cost-Effective Way to Expand Your Workforce
Summer internships are a valuable stepping stone for companies to identify and hire top talent. However, organizations must recognize that simply offering internships is not enough. To truly unlock the full potential of these programs, companies must ensure that their initiatives deliver substantial benefits to both the interns and the company itself. Unfortunately, not all companies excel in this regard, often overlooking the importance of creating impactful and meaningful internship experiences. In this blog post, we will explore the advantages that internships can bring to both interns and companies when thoughtfully designed and executed. Advantages Of Hiring Interns Reduced Labor Costs Hiring interns can be cost-effective for organizations, as they often work for lower wages. As reported by CNBC, a significant 60% of interns receive compensation for their work. On average, these paid interns earn an hourly wage of $20.82. This helps businesses allocate their… [Read More]
The Power of Contingency Recruiting: Meeting Talent Needs
Introduction In today’s rapidly evolving business landscape, the success of any company is heavily reliant on its ability to attract and retain top-tier talent. This pursuit has led many companies to explore alternative methods of recruitment, with contingency recruiting emerging as a popular and effective solution. In this blog post, we will delve into the concept of contingency recruiting, its advantages, and why companies are increasingly turning to this approach to fulfill their talent needs. What is Contingency Recruiting? Contingency recruiting is a recruitment strategy in which a company engages external recruiters to identify and present suitable candidates for open positions. Unlike traditional recruiting, where a company pays a fee only upon the successful hiring of a candidate, contingency recruiting agencies are only compensated when a hired candidate is placed. This payment is typically a percentage of the candidate’s first-year salary. Advantages of Contingency Recruiting… [Read More]
Contingent Workers: The Key to Achieving Business Agility
In today’s fast-paced and ever-evolving economy, businesses must be agile and adaptable to stay competitive. Companies achieve this flexibility by relying on contingent workers, who are hired on a temporary or contract basis. Contingent workers bring specialized skills, expertise, and flexibility to the workforce, allowing businesses to respond quickly to changing market conditions and scale their workforce up or down as needed. In this blog post, we’ll explore why contingent workers have become essential to the modern workforce and how they can help businesses thrive in today’s dynamic business environment. The Rise Of The Contingent Workforce Business agility is the ability of a company to respond rapidly to changes in the market, technology, or customer needs. In today’s fast-paced and ever-changing business environment, agility has become a crucial factor for the survival and success of companies, large and small. Being agile enables companies to adapt… [Read More]
Contingent Workforce Trends in 2023
Organizations face challenges in 2023 that are unlike anything they have seen before: a competitive talent landscape, an exhausted workforce, and pressure to control costs. As a result, more and more companies are turning to contingent workers to fill their needs. Why? The answer is simple. Contingent workers allow businesses to hire temporary help without having to invest in a full-time employee. Here are five contingent workforce trends in 2023. Contingent Workforce Trends in 2023 “Quiet Hiring” When it comes to hiring, one size doesn’t necessarily fit all. That’s why many companies are shifting their approach. Rather than relying on traditional methods like job boards and career fairs, they’re turning to “quiet hiring.” This strategy involves finding candidates through referrals and social media and tapping into the hidden talent pool of passive candidates who aren’t actively searching for a job but would be a… [Read More]








