Recruiting Fly » Temporary Staffing http://www.recruitingfly.com Employment News and Articles Wed, 31 Aug 2011 21:40:02 +0000 en hourly 1 http://wordpress.org/?v=3.1 Contractors Growing at Twice the Rate of Traditional Employees http://www.recruitingfly.com/ved-contract-workers-growing-at-twice-the-rate/ http://www.recruitingfly.com/ved-contract-workers-growing-at-twice-the-rate/#comments Thu, 22 Jan 2009 16:30:21 +0000 Vanessa Dennis http://www.recruitingfly.com/?p=228 According to new research by MBO Partners and Human Capital Institute, the segment of the U.S. workforce that includes contract talent, such as independent contractors, freelancers, and independent consultants, is growing at more than twice the rate of traditional employment.

The study, released today by MBO Partners, HCI, and industry partners, examines the use of contract talent in U.S. organizations. Gene Zaino, President & CEO of MBO Partners, noted, “As the workforce changes to reflect the emerging knowledge economy, organizations increasingly rely on contract talent – independent contractors, freelancers, and project-based consultants — to augment and even replace their traditional workforce.”

Over 90% of organizations surveyed use contract talent, and 34 percent said use has increased or increased dramatically in the past three years.

The composition of the contract workforce is also changing in this economy; more than half are skilled consultants performing mission critical functions. The study indicates that human resources and procurement professionals will need to collaborate to manage contract talent strategically.

Click here to request a copy of the report.

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