Finding work in a highly competitive job market is challenging. With the changing landscape, job seekers need to explore non-conventional job models. Contingent work is an exciting option with multiple benefits. Here are some reasons contingent work could be a great option. Growth: Contingent work provides exposure and experience in a variety of companies, industries, and roles. This allows individuals to expand their skills and increase exposure that will help in progressing their careers. Flexibility: By allowing individuals to work on their own terms, contingent employment offers a flexible schedule that can better fit with other commitments, such as family or school. Independence: Unlike a traditional 9 - 5, contingent work tends to offer a higher level of independence and more time that can be used for personal growth and upskilling. Better experiences: With exposure and ... View Post

With a steady rise in contingent work arrangements in the US and elsewhere, employers have started to realize the value of hiring independent contractual workers. The appeal of specialized skills, along with low hiring costs and flexibility, has made contingent workers a preferred option for many leading companies. But the rise in the number of contractual workers has also led to a pertinent question. Are contingent workers manageable? While there are many benefits of hiring them, it's ... View Post

Hiring of contingent labor has significantly risen in almost all industries in the past few years. Human resource (HR) experts have predicted that the contingent labor market would increase manifold in the days ahead, with companies all set to hire hyper-specialized staff for their operations. That aside, in an uncertain economic scenario, a contingent workforce lends greater flexibility to work. Effective contingent labor management calls for the proper use of technology in tracking, ... View Post

A booming economy and historically low unemployment rates are all good news for economists. But these factors have an immediate and profound impact on talent acquisition, management, and development. Low unemployment indicates a level of saturation that keeps new talent from entering the workforce. As a result, bringing new candidates to the talent pool becomes more difficult, more expensive, and a bigger challenge. Good candidates are now in demand which has driven up expected salaries. ... View Post

Leveraging highly specialized workers to increase efficiency has been a human resource (HR) practice for several centuries now. While this division of labor was first theorized by economist Adam Smith in his epochal 1776 book. The Wealth of Nations, the concept has grown more popular, with hyperspecialization being the norm in a number of industries. Smith, in his book, had illustrated how dividing the labor into segments and according to highly specialized tasks led to an increase in ... View Post