Why employers are increasingly turning to
Why employers are
increasingly turning to
Why employers are
increasingly turning to
Consultants & Contractors
As the job market evolves over time, the race for top talent remains. Often, an organization's ability to hire top talent may hinge on their agility, and some employers are learning this the hard way. To adapt, employers are utilizing contract hiring strategies to keep their business as agile as possible to be prepared for any change in the market.
45% of employers plan to increase their use of contract workers over the next 12-18 months
As the job market evolves over time, the race for top talent remains. Often, an organization's ability to hire top talent may hinge on their agility, and some employers are learning this the hard way. To adapt, employers are utilizing contract hiring strategies to keep their business as agile as possible to be prepared for any change in the market.
45% of employers plan to increase their use of
contract workers over the next 12-18 months
45% of employers plan to increase their use of contract workers over the next 12-18 months
The U.S. Department of Labor supports the move as well, indicating that the use of a contingent and consulting workforce is a "sensible response to the competitive marketplace today."
80%
80% of professionals are open to contract work
The U.S. Department of Labor supports the move as well, indicating that the use of a contingent and consulting workforce is a "sensible response to the competitive marketplace today."
80%
80% of professionals are
open to contract work
80% of professionals are open to contract work
How are employers using contract hiring?
Contract-to-hire trial period
When you're looking for the right professional to fill a role, finding the perfect fit can take some time. As a result, allowing for a contract trial before taking on an employee full-time can ensure that you have found the best candidate for the job.
Additionally, this strategy can reduce turnover throughout the company. When you're sure that the employee is a good fit for the role, it is unlikely that they will leave quickly.
The result of turnover due to poor culture fit can cost an organization...
50-60% of the employee's
annual salary
Flexibility
In any business, staying competitive requires agility and adaptability in the market—this should also be reflected in your hiring strategy. When an unexpected challenge presents itself, contract staff can allow you to quickly scale your operations while staying cost-effective.
79% of executives state leveraging contractors is a competitive advantage, citing an increase in agility as the primary benefit
In any business, staying competitive requires agility and adaptability in the market—this should also be reflected in your hiring strategy. When an unexpected challenge presents itself, contract staff can allow you to quickly scale your operations while staying cost-effective.
79% of executives state leveraging contractors is a competitive advantage, citing an increase in agility as the primary benefit
79% of executives state leveraging contractors is a competitive
advantage, citing an increase in agility as the primary benefit
This includes anticipated fluctuations in demand—during highs and lows, contract professionals can keep you operating efficiently without the cost of hiring a full-time employee.
Organizations can save 30% in labor costs by opting for a contract worker over a full-time one
This includes anticipated fluctuations in demand—during highs and lows, contract professionals can keep you operating efficiently without the cost of hiring a full-time employee.
Organizations can save 30% in labor costs by
opting for a contract worker over a full-time one
Organizations can save 30% in labor costs by opting for a contract worker over a full-time one
Highly skilled consultants
When replacing executive-level roles, it often takes time to find the right full-time candidate. However, these positions are often so critical to operations that they must be filled quickly. As a result, while you conduct your search for the right replacement, hiring high-level consultants can help smooth the transition and ease the burden placed on other full-time employees.
47% of executives state that they are looking to hire contractors to fill management and senior executive roles, including c-suite contractors
When replacing executive-level roles, it often takes time to find the right full-time candidate. However, these positions are often so critical to operations that they must be filled quickly. As a result, while you conduct your search for the right replacement, hiring high-level consultants can help smooth the transition and ease the burden placed on other full-time employees.
47% of executives state that they are looking to hire contractors to fill management and senior executive roles, including c-suite contractors
Additionally, high-level contract employees can assist your full-time workforce in gaining specialized skills—a strategy many employers utilize.
30% of employers bring in external experts on a temporary basis to address skills shortages in their organization
Additionally, high-level contract employees can assist your full-time workforce in gaining specialized skills—a strategy many employers utilize.
30% of employers bring in external experts on a temporary
basis to address skills shortages in their organization
30% of employers bring in external experts on a temporary basis to address skills shortages in their organization