Recovery 2010: The Rise of Contract Talent

Posted by Liz Greene

With the cover of BusinessWeek announcing the era of the “Permanent Temporary Workforce,” it has now become clear to the American public – and not just talent and HR managers in major companies – that the talent economy has fundamentally changed.

In a recent USAToday article, “Quarter of Workforce Could Become Temps as Contract Work Grows,” Garry Mathiasson of Littler Mendelson, a leading employment law firm, affirmed that even as the economy will rebound in the coming months, “half the jobs created in the recovery will be filled by contractors, consultants, and other temps.”

Those who are familiar with the benefits of using contract talent are not surprised by the shift. Fluctuations in the economy paired with a rapidly evolving world together mean that the need for agility is not going away any time soon. An experienced, project-based, just-in-time workforce – composed of freelancers, independent contractors, statement of work consultants, and temporary labor -- brings the right people to fill talent requirements for as long as they are needed, and no longer.

Despite this new reality, most human resources departments do not have the processes, controls and programs to support this level of contingent hiring.

This Wednesday, January 27th at 1:00 pm ET, the Human Capital Institute (HCI), MBO Partners, and our co-sponsors Allegis Group Services, TAPFIN, Guidant Group, Fieldglass, Emptoris, and IQ Navigator will be presenting a webcast, “Recovery 2010: The Rise of Contract Talent.”

Our guest presenter, Bertrand Dussert from American Express, will explore how contingent workforce management is being handled today, and provide guidance on where it needs to evolve into the future. He’ll also cover:

• Best practices for collaboration between Legal, Procurement, Accounting, and HR
• New workforce planning models that take contract talent into account
• Contract workforce programs incorporating MSP / VMS, supplier management, risk management, and compliance
• Practical next steps for your organization to prepare for unprecedented contingent hiring in 2010 and beyond

Register today and you'll also get a complimentary community membership with the Human Capital Institute.

See this and more upcoming events >

The contract workforce is now here. Is your business ready to manage it?

Tags: HCI, workforce planning, recovery, Contingent Workforce Management, contract workforce