When Worlds Collide - New Research on the Contract Workforce

Author: Amy Lewis | Source: HCI | Published: March 11, 2013

According to recent reports, contingent or contract talent may make up between 20% and 30% of the U.S. workforce and is predicted to continue to grow. The growth of this type of work has been driven not only by recent global economic instability, but also by longer-term trends like the aging populations in developed countries, the increased desire for flexibility and life balance among workers, and the general mismatch between the current supply of skills and the demand for them in the marketplace.

 

Recent research from HCI found that 85% of organizations planned to either maintain or increase their use of various forms of contract talent to execute goals and objectives. Managing contract talent has traditionally been the responsibility of the Procurement department or individual business units at most firms. However, Human Resources has, in recent years, begun taking on or sharing this responsibility with Procurement. 

 

While these two functions ultimately have the same goal of ensuring that the business has what it needs to execute strategies and achieve goals, they may have very different ideas about which priorities or measures are most important to execute these goals. 

 

The Changing Social Contract

 

In partnership with Allegis Group Services and the Institute for Supply Management, HCI is pleased to reveal the results of new research on the strategic partnership between Procurement and Human Resources in the support of the contract workforce.  Join us at the premiere of this new report and receive your own copy.