March 3, 2023

What is Contingent Workforce Management?

When companies need to expand or contract their workforce, they often turn to contingent workers.

The contingent workforce is comprised of professionals who are hired on a temporary basis to complete specific projects or tasks. Contingent workers include independent contractors, part-time employees, and temporary staff. A contingent workforce can be as small as one employee working on one project, or it can consist of thousands of employees across multiple projects.

Contingent workforce management is the process of managing a company's contingent workforce.

Contingent workforce management is the process of managing a company's contingent workforce. This can include:

  • Establishing clear goals and objectives for your contingent workforce
  • Developing policies and procedures to support those goals and objectives
  • Identifying the skills needed to achieve those goals, as well as how they will be acquired (through training) or developed (on-the-job experience)

The contingent workforce is comprised of workers who are hired on a temporary basis to complete specific projects or tasks.

The contingent workforce is made up of workers who are hired on a temporary basis to complete specific projects or tasks. The contingent workforce can include independent contractors, part-time employees, and temporary staff.

This type of employment has been growing in popularity for decades. In fact, according to the Bureau of Labor Statistics (BLS), there were over 10 million individuals working as contingent workers in 2017 alone!

The size and scope of these organizations vary widely; they may consist of just one employee working on one project or thousands across multiple projects at any given time.

Contingent workforce professionals include independent contractors, part-time employees, and temporary staff.

Contingent workforce professionals include independent contractors, part-time employees, and temporary staff.

  • Independent contractors: Independent contractors are self-employed and work for multiple companies. They may perform the same job functions as regular employees but are hired on a project basis rather than through an employer-employee relationship.
  • Part-time employees: A part-time employee is someone who works fewer than 30 hours per week for an organization or company (as opposed to full-time). Part-time workers may be paid hourly wages or given a salary based on their hours worked over the course of a year (if you're paid hourly). Some employers offer flexible schedules so that employees can choose when they want to work within certain parameters--for example, if they want more hours one month but less another month because they have other commitments such as childcare needs at home or school events happening during those times off from work."

A contingent workforce can be as small as one employee working on one project, or it can consist of thousands of employees across multiple projects.

A contingent workforce can be as small as one employee working on one project, or it can consist of thousands of employees across multiple projects. A single person may be an independent contractor who provides their services to the company on an ongoing basis or for a set period of time. Or it could be a large group of people hired by another organization to do work for them.

A large contingent workforce can also be permanent or temporary, depending on whether its members are part of your organization or outsourced from another company (i.e., "outsourced").

Contingent workforce management is the process of managing a workforce that is not a permanent part of your organization, but rather a team of individuals who are brought together to meet your project or one-time need.

Contingent workforce management is the process of managing a workforce that is not a permanent part of your organization, but rather a team of individuals who are brought together to meet your project or one-time need. It's important to understand that contingent workers are not temporary employees; they can be full-time, part-time, or on-call--they just don't have an employment contract with you.

Contingent Workforce Management Processes

There are four key elements involved in any successful contingent workforce management process:

  • Identification and recruitment - Identify and recruit talent that meets your needs before starting the hiring process (or even after). This may include using third parties like staffing agencies or social media platforms like LinkedIn.
  • Onboarding - Ensure new hires are properly trained before they start working so there aren't any gaps in knowledge later on down the road.
  • Performance management - Continuously monitor performance levels throughout each stage until completion; this helps ensure everyone knows what's expected from them at all times.
  • Termination/release procedures - Make sure everyone understands how things will end up if something goes wrong (or right), including how much notice they'll receive before being let go due to both parties' best interests

As organizations grow and add to their permanent workforce, they often turn to contingent workers for help with projects, staffing shortages, and other needs.

As organizations grow and add to their permanent workforce, they often turn to contingent workers for help with projects, staffing shortages, and other needs. The contingent workforce consists of individuals who are not full-time employees but rather work on an as-needed basis. This can include temporary employees who are hired through an agency or staffing firm; freelancers who work independently; independent contractors who provide specific services on a project basis (such as software developers or graphic designers); or interns who are employed by colleges/universities and paid by the hour.

The use of contingent workers can provide several benefits:

In addition to hiring temporary employees, companies often outsource portions of projects to third-party vendors that specialize in certain areas such as software development or graphic design.

Outsourcing is a common practice. Many companies outsource portions of projects to third-party vendors that specialize in certain areas such as software development or graphic design, for example.

The benefits of using contingent workers include:

  • Lower cost than hiring full-time employees
  • Flexibility to scale up or down based on your business needs

The contingent workforce has become increasingly important in recent years due to changes in technology and business practices that have made it easier for companies to access outsourced talent through Managed Service Providers and freelance marketplaces.

The contingent workforce has become increasingly important in recent years due to changes in technology and business practices that have made it easier for companies to access outsourced talent through Managed Service Providers and freelance marketplaces.

A growing number of companies are outsourcing non-core activities, such as HR processes or IT support functions, which frees up employees at headquarters to focus on core competencies like product development or sales.

This trend allows businesses to remain nimble while still providing customers with high levels of service quality--and it gives workers flexibility in how they choose to spend their time (for example, working remotely from home instead of commuting to an office every day).

It's important for organizations to have a contingency plan in place when outsourcing their workforce or expanding their project team.

Contingency planning is an important part of any business. When your organization outsources its workforce or expands its project team, it's critical to have a contingency plan in place. This way, you can ensure that all of your employees are protected should anything happen during their time working for you.

It's also important to review these plans regularly so that they remain up-to-date with current regulations and best practices for maintaining a safe workplace environment.

The best way to manage contingent workers is through a formal HR process. This helps ensure that all laws are followed and that your business is protected against risks that come with employing a non-staff employee.

The best way to manage contingent workers is through a formal HR process. This helps ensure that all laws are followed and that your business is protected against risks that come with employing a non-staff employee.

A good HR process for contingent workforce management should include:

  • A job description for each role, which includes tasks and responsibilities for each position
  • The ability to hire, fire, and terminate employees as needed

Managing contingent workers means creating an employee experience that aligns with its brand values while adhering to regulatory requirements. Your company can outsource these tasks or build them into its internal HR structure.

Contingent workforce management is the process of managing your contingent workers. It includes creating an employee experience that aligns with your brand values while adhering to regulatory requirements. Your company can outsource these tasks or build them into its internal HR structure.

Contingent workers are individuals who are not considered employees by law but work for your company as independent contractors or freelancers. They may be hired on a project-by-project basis, or they might be part of a large pool of talent that you draw from whenever you need additional staff members (such as during peak seasons).

Because contingent workers don't fall under traditional labor laws, it's important for companies using them in their operations--including both small businesses and large corporations--to understand how best practice management techniques apply differently when dealing with this type of workforce than they do with traditional employees.

Conclusion

Contingent workforce management is an important part of managing your organization's human resources. It can be an expensive proposition to hire and train new employees, so it makes sense to use contingent workers when possible. However, there are risks involved with using a non-staff employee who isn't on staff full-time or permanently employed by your company. Contingent workers require more oversight than permanent staff because they may not have the same level of commitment or loyalty as those who work directly for your business every day. This means that it's essential that organizations have processes in place to manage their contingent workforce effectively while still meeting compliance requirements such as payroll taxes and insurance coverage

Amber Crawford

I am honored to be the Executive Vice President of Koncert Technology Sourcing Solutions, a managed service provider offering Information Technology and Healthcare services to Fortune 500 companies. I have worked hard to make Koncert what it is today and I am proud of my accomplishments and achievements as a leader in this industry. My passion for creative problem-solving, coupled with my eye for detail, has enabled me to be successful in this role. Beyond work, I enjoy giving back to the local community through volunteering, attending live music events, and spending quality time with family.

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