Best practices for contingent workforce management: Optimizing flexibility & performance

The current trends in the labor market are raising the quality of work. Employers continue to turn to a flexible workforce that comprises temporary, contractual, or freelance employees. This trend is fueled by several factors, including:

The rise of the gig economy

As e-commerce and freelance trading platforms become widely popular, quality workers prefer to work more flexibly.

The need for agility

Businesses must be agile in today’s world market and the dynamism of projects. Such a model enables them to adjust the workforce size to the organization’s needs—expand or reduce it at any time.

Access to specialized skills

The contingent workforce gives employers access to a large pool of human capital with specialized skills that may only be found in part-time employees.

According to Market Watch Guides, 80% of companies use contingent workers for seasonal or temporary work. However, managing a contingent workforce effectively requires a different approach than managing a traditional full-time employee base. Here are some best practices to ensure you are maximizing the value of your contingent workforce management strategy.

1. Define clear goals and objectives

Do you need to staff up to cover vacancies for the short term? If you need a professional in certain areas, do you get a specialist for specific tasks? With well-understood objectives, one is in a position to know what types of independent workers and what kind of skills they should have. According to CNBC Make It, 70% of adults are considering seeking a second job for supplementary income.

2. Develop a strategic sourcing plan

Refrain from relying on random recruitment sources to get your contingent workers. You should develop a sourcing strategy focusing on the right areas that supply your desired talent. This might include using recruitment agencies, sourcing jobs from freelance websites, or partnering with universities or professional bodies.

3. Streamline onboarding amp , offboarding

The initial steps in enrolling contingent workers into a company should be seamless and smooth. Contingent workforce management ensures that they understand the tasks they are supposed to do, where they can find the tools and other required materials, and who they can ask if they need any clarification. Dispersal should also be efficient so that all the financial responsibilities are paid, and the documentation belonging to the company is handed back or deleted.

5. Invest in training amp; development

While these workers are not permanent employees, they can still be valuable assets to invest in, particularly regarding training and development of their skills. This demonstrates your care for their professionalism, which could enhance their interest, boosting their tenure for the following assignments.

Read more: 10 Best Practices In Effective Contingent Workforce Management?

Conclusion

By adopting these best practices, companies can maximize the benefits of working with contingent employees – flexible, innovative, and highly skilled workers. An adequately managed contingent workforce is suitable for your company because it helps you become more flexible, get access to specialists, and meet your goals. However, the aim of an efficient contingent workforce management strategy is not only in the realization of cost reduction but also in establishing a powerful employer brand that allows for the acquisition of the best contingent workers.

Denken Solutions: Your contingent workforce management partner

Denken Solutions is a progressive contingent workforce management provider, offering clients flexible and scalable skilled workforce solutions to meet their business needs. We provide contingent staffing services that enable employers to quickly and easily engage temporary workers to fill gaps in their team or meet specific project requirements. This approach allows employers to access a pool of skilled professionals without the long-term commitment of full-time employment. Read more about why businesses choose Denken Solutions for cost-effective and efficient ways to manage their workforce requirements.