Contingent Workforce Strategy

The presence of a contingent workforce strategy is one of those organizational staples that sets a business apart from its competitors. When you come across a company that has one of these in place, you know you’re dealing with a hiring team worth their salt. This much is clear from a recent article published on the Forbes platform. 

The Forbes Council /Expert Panel used this article to share insider tips on ways to leverage part-time and contingent workers. Here are a few key takeaways:

How A Contingent Workforce Strategy Will Enhance Your Business

1. Seasonal Gaps Are Easier to Manage

Not every business is equally busy all of the time. Projects may arise and be finished. Or certain seasons may bring different demands (e.g., tax season for accountancy firms). In cases like these, bringing on contingent workers can create more capacity without the need for long-term employment commitments.

2. Operational Excellence Gets A Boost

Many people who are at the top of their game professionally choose to go freelance because it allows them to be selective about the projects they work on. You can access their exceptional skills by allowing them the freedom to join your team when their talents are needed and your visions align.

3. Burnout Can Be Avoided Ahead Of Time

What do you do when you see your current team is at the point of burnout, yet, there is no immediate light at the end of the project tunnel? Do you expect them to carry on regardless? Every hiring professional will tell you that this is a bad idea. Instead of negatively affecting your eNPS and internal culture, hiring contingent workers will ease the burden without bloating your ranks.

Enhance Workforce

4. The Gig Economy Benefits Both Parties

Rehiring a former colleague, or a retired employee for that matter, may have seemed like a strange notion once upon a time. However, innovative companies stay in touch with their alumni for this very reason, among others.

When you choose to bring alumni on board for a given project, it stands to benefit both parties in many ways. E.g., they get to work on a project that interests them, and you get their skills for the time that you need it. 

5. Employees Can Lean Into Deeper Skills

Every now and again, a business may need someone to take care of highly specialized tasks that require in-depth expertise. This is when it makes sense to bring on a contractor. However, these occasions often inspire full-time employees to upskill once they’ve seen how it’s done. As such, contractors can be used as mentors by providing an intro to their field.

Final Thoughts

Having a contingent workforce strategy in place is a vital aspect of nurturing a healthy talent pipeline. It can make seasonal gaps easier to manage and give operational excellence a boost. Burnout can be avoided ahead of time, the gig economy benefits both parties, and contingent set-ups can also allow employees to lean into deeper skills.

To get early access to The Alumni Advantage, sign up to the mailing list. Authored by James Sinclair, Co-Founder and Chief Executive of EnterpriseAlumni, the book provides an end-to-end understanding of how organizations are recognizing and leveraging their former employees.