Blog – Page 2 of 6

How to Bridge A Talent Gap With Summer Interns

As the days get warmer and the school year draws to a close, many students search for work to earn some extra money while their studies are on pause. Although summer jobs are beneficial on a transactional level, summer internships provide both financial and professional perks. Internships give students hands-on job experience in an industry related to their major. For example, a finance major may intern at an investment firm, an engineering major may work for a semiconductor manufacturer, and a marketing major may try their hand at a marketing agency. Summer internships typically last eight to twelve weeks long and pay on average $16.45 per hour in the United States. While this resume-building activity is undoubtedly great for students, businesses benefit as well. In one of the tightest labor markets in history, companies can bridge their talent gaps with summer interns. Here’s how. How… [Read More]

5 Most In-Demand Contingent Worker Job Types

Even as the “great resignation” appears to be slowing, companies report that they are still struggling to secure talent at their organizations, despite increased pay and better benefits packages. The recovering economy is stretching many businesses thin as they attempt to meet the pace of growth, with job roles staying open. 68% of teams are hiring within the next six months but don’t have the candidates they need. This talent shortage is partly due to workers nixing the traditional workplace model. Modern workers crave flexibility, and many are turning to remote freelance work to meet their needs. According to the freelancing platform Upwork, 59 million Americans performed freelance work in 2020 alone, creating a $1.2 trillion economy estimated to grow to 90 million freelancers by 2028. As top talent moves away from salaried roles, the demand for contingent workers also grows. Here are the top… [Read More]

6 Steps for Employing Remote Workers

Remote work is a workplace model that allows staff members to work outside a traditional office environment. Although the technology required for employing remote workers has been available for a long time, the pandemic took what was once a “desirable perk” and transformed it into an “urgent necessity” almost overnight. Today, even as COVID seemingly winds down, many businesses continue to offer remote work options to attract hard-to-find talent in a tight labor market. All that to say, remote work is now mainstream and growing in popularity amongst employees and employers alike. Employees like the flexibility and freedom remote work brings while employers enjoy boosted productivity. Though some companies felt hesitant about remote work at the start of the pandemic, data shows that the majority are willing to adopt a hybrid workplace model. In May 2021, a Mercer study found that 70% of companies said… [Read More]

Contingent Workforce Trends 2022

With the pandemic continuing into its third year and hiring woes plaguing businesses across the nation, the future of the US workforce is anyone’s guess. There is a lot of unpredictability about global health, supply chains, and the economy; however, companies that have controlled what they can control and gotten creative have managed to thrive despite the challenges. Instead of sticking to the status quo, many firms have dipped their toes into the gig economy, finding top talent that wants flexibility and remote options instead of the nine to five drudgery. As more businesses implement gig-workforce models, you might be wondering how that will affect workforce trends in 2022. We’re here to tell you and explain the top contingent workforce trends we will likely see this year. The Top Contingent Workforce Trends For 2022 With the rise of what is now known as the “gig… [Read More]

Hiring For The Holidays: How To Meet Seasonal Workforce Demands

The holidays are a joyous time with lights twinkling on every street corner and stores full of shoppers eager to find that “perfect gift.”While spirits are brighter than ever, so too is demand for goods and services, which in a tight labor market, one of the tightest in modern history, makes managing that demand challenging. With the talent pool dwindling by the minute, how can companies meet seasonal workforce demands? Hiring for the holidays doesn’t have to make you feel like the Grinch; here are five tips to help you secure the workers you need. Hiring For The Holidays: 5 Tips To Keep You Merry #1 Think Outside Of The (Gift) Box When it comes to hiring for the holidays, especially in 2021, employers must think outside of the box. Instead of only hiring perfectly qualified candidates that check every box, open up seasonal roles… [Read More]

The Vaccine Mandate: How to Keep Your Company Compliant

COVID numbers have been dropping for weeks, but that doesn’t mean the pandemic is over. In some cities, masks are to be worn indoors except when eating or drinking. Many workplaces still require proof of vaccination. We’ve whipped up a handy guide for employers looking to keep employees safe by staying CDC compliant with the vaccine mandate. But first, what are the current rules and guidelines? They change so frequently, so where do things stand right now? CDC Workplace Guidelines and The Vaccine Mandate Not every COVID-curbing rule is upheld—or enforced—in every part of the country. For example, southern states are far more relaxed about these guidelines than cities and states in the Pacific Northwest, New England, and parts of the Midwest. That said, there are things you can do to keep your employees safe regardless of where you are headquartered. Depending on the nature… [Read More]

How to Find Talent: Narrowing Down the Right Contingent Worker

In a world that is becoming increasingly volatile and unpredictable, many business leaders are turning towards a contingent workforce to meet the demands of their industry. For those that are not familiar, a contingent worker is someone who is hired for a fixed period of time. There are three significant categories of contingent workers: temp workers, consultants, and independent contractors. There are numerous advantages to hiring contingent workers from the employer’s perspective, including financial savings, skill acquisition, and flexibility. One of the main reasons why businesses seek out contingent workers is that they need specific talent to perform certain skills. According to a 2018 report by ManpowerGroup, 45% of employers can’t find the skills they need. Hiring contingent workers may be the best solution, however, determining how to find talent and securing the right person for each role is easier said than done. Here are… [Read More]

What Is An Advantage Of Hiring Contingent Workers?

Today’s business world requires employers to be flexible, adapting quickly to changing needs. What is an advantage of hiring contingent workers? Hiring contingent workers is an excellent way for business owners to remain agile, fill talent gaps, have the help they need when they need it. The ability to pivot quickly is more important now than ever as the world navigates a global pandemic with a tight labor market. To fully harness the power of the contingent workforce, business leaders must first understand the different types of contingent workers, the advantages of hiring contingent workers, and all of the potential pitfalls. Types Of Contingent Workers There are three significant categories of contingent workers: temp workers, consultants, and independent contractors. Temp workers are ideal for project-based assignments or seasonal workloads. These workers range from lab assistants to quality assurance testers and sales associates to help teams… [Read More]

Contingent Workforce Management: 5 Mistakes to Avoid

Contingent workforce management requires a different set of leadership skills than a traditional HR strategy for W2 employees. Many employers see the value contingent workers bring to their organization, but shy away from the opportunity to employ them. This is often a result of confusion around rules and regulations. Working with a partner like NexusCW is a great way to facilitate the process correctly. However, it’s also helpful to understand where most companies go wrong to set yourself up for success before launching your candidate search. Even if you have an experienced contingent workforce management team, you may still be making some of these common errors. Here’s an in-depth look at what not to do when making your next contingent hire. Read on for our top five mistakes companies make when hiring contingent workers. 1. Paying Below Market Value Most contingent workforce management teams understand… [Read More]

The Employee Hiring Process: Why You Should Consider Hiring on A Trial Basis

Hiring a new employee is a considerable risk for any business. Between training the new worker, purchasing equipment to accommodate their duties, and providing healthcare, the average cost to hire is well over $4,000. With such a significant financial investment, you may find yourself wondering, “Is there a way to “test out” a new staff member before bringing them on board with a salary, 401k, and benefits?” As it turns out, there is a way to do this. During the employee hiring process, employers may elect to hire individuals on a trial basis. Hiring on a trial basis involves taking on a worker for a set period before evaluating whether or not to hire them as a full-time employee. Predicting how well someone will fit within a role and company based on an interview is challenging, and even the best interviewers get it wrong sometimes. … [Read More]