Six ways to increase value and reduce risk from external talent and services
Key Takeaways
⇨ The external workforce represents a significant portion of spending for large organizations, with C-suite executives reporting that 5-15% of workforce spend is allocated to contingent workers.
⇨ Companies are increasingly relying on the external workforce to overcome challenges related to a tight labor market and skills shortages, requiring flexibility and specialized skills.
⇨ Investing in external talent is crucial for business success, as it allows organizations to adapt quickly and secure high-performing talent to remain competitive.
As companies face tight labor markets and skills shortages, they increasingly rely on external talent, with many organizations spending 5-15% of their workforce budget on contingent workers to enhance flexibility and competitiveness.
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