Today companies are trying to hire fewer employees in favour of contract talent. If you are new to considering alternative employment types, read on to learn why contract talent is on the rise. 83% of companies are now relying on contract roles and this aligns with the workforce trends where 50% of professionals are opting for non-permanent work. Since people are a company’s true competitive advantage, creating a balanced employment model will appeal to all of the best talent.
Contract work means companies get the people they need when they need them. Plus it keeps the official headcount low. In fact, it’s a hiring strategy for some companies. Take Google’s parent company Alphabet, ranked by Fortune magazine as the best place to work for seven out of the last ten years. They prioritise hiring contractors to fill gaps in specialised expertise that they don’t currently have or want to build out or in areas where they need temporary support to support holidays or spikes in work. With roughly equal numbers of contract workers and full-time employees, they’ve found their perfect workforce recipe.
Here’s why companies prefer contract talent as an alternative to permanent employees.
Companies are changing their perspectives on flexible workforces and embracing the contract work model. As the ratio of our contract workforce grows, we’ll see spill over effects in average employee tenure and attitudes towards workplace variety becoming more prevalent on a CV. In fact, some people are predicting that spending too long with any one employer could be considered a limiting disadvantage when it comes to showcasing adapatbility and flexibility. Either way it’s clear that permanent employment is not the only option and no longer the unanimously preferred one for both workers and organisations alike.
Content Marketing Specialist
Our creative genius and brand architect. Also teller of awesome stories. She is a puppet master who does the tango with words and design. The results are magical. Quite literally. Also obsessed with coffee and owned by a mini-panther.
Share this Article