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]

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 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]

Though our country’s economic future remains uncertain due to COVID-19, businesses are rising to the occasion pivoting their operations toward a contingent workforce to adapt to every twist and turn that the pandemic has thrown them.    For many companies, adapting means securing the right talent at the right time. To do this, firms may choose to engage in co-employment arrangements. Co-employment or contingent employment is where a contract employee works for both a business and a staffing agency concurrently. Co-employment arrangements allow busy companies to provide co-employees’ duties, day-to-day schedules, and expectations. Simultaneously, the staffing agency handles personnel matters such as onboarding, payroll, sick leave, and benefits. Though much remains uncertain as we head forge ahead in 2021, it’s clear that organizations are evolving and adapting to the new “normal.” Here’s what to expect regarding the contingent workforce.  The Top Contingent Workforce Trends For… [Read More]

The contingent workforce has been consolidated in the last few years and is here to stay for the foreseeable future. Companies utilize this sector of the workforce for all sorts of purposes from project base assignments to fulfill skill shortages & absences. The question arises, does your organization’s HR department has the bandwidth to identify, vet, and onboard contingent workers without disturbing their daily operations and without taking them away from your companies full-time employees. The answer to that question is, well it depends. Today’s contingent workforce is vastly different than it used to be. These workers are highly trained, specialized, and in-demand professionals. Moreover, they expect to be treated as such. Making sure the procurement process goes smoothly, guarantees employee satisfaction and retention. Identifying the right contingent worker: According to the Society for Human Resources Management (SHRM) it takes approximately 36 days to fill… [Read More]

  As the holidays are fast approaching, the demand for temporary or seasonal workers will rise. According to data from the U.S. Bureau of Labor Statistics, employment in the final months of the year has risen by up to 20% the past 6 years. There’s no doubt a growing U.S. economy has contributed to the magnitude of this expansion. The benefits of hiring temporary workers to boost your company’s productivity during seasonal demands cannot be understated. Some of the benefits of hiring temporary workers include: Provide flexibility in uncertain economy Smaller companies need to stay flexible when it comes to their workforce. Uncertain economic times are inevitable. Businesses are bound to experience periods of both increased and decreased customer demand. Being able to ramp up a workforce and, subsequently, scale it back when necessary is a very desirable tool for business owners. Introduces your company… [Read More]