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contingent workforce for specialised skills

  • There is a lot happening in corporate India—organisations are increasingly adopting new technology;baby boomers are retiring at a fast pace;new jobs are being created every year;skills are becoming obsolete very fast;and there is a lack of eligible employees. Such a scenario demands innovative strategies to attract and retain talent.

    There is an emergence of a varied workforce bionetwork. The employer–employee relationship has been converted into a diverse range of workers, talent networks and service providers that brings flexibility, skills and capabilities to ensure that the most qualified people help move the business forward.

    Know more @ what does contingent mean?

    A contingent workforce is a labour pool comprising highly skilled and compensated contractors. Contingent workers are not on the company payroll but provide services to an organisation, in the form of consultants, temps and advisers. Such workers are more used in project-based work.

    It is crucial for companies to understand what skills they need and when. At times, certain projects require a specific skill set to work with a client. In such situations, there is a demand for independent workers or contractors. This helps companies to put together a workforce on a ‘need basis’.

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