What is a Contingent Workforce?
Contingent workforce refers to workers engaged on a non-permanent basis, including independent contractors, freelancers, temporary employees, consultants, and gig workers. These individuals provide flexibility for organizations to scale resources based on demand, access specialized skills, and manage costs.
Managing a contingent workforce involves vendor management systems, compliance tracking for worker classification, contract management, and performance monitoring.
Organizations must navigate complex regulations distinguishing employees from contractors, manage procurement processes, and ensure equitable treatment.
Effective contingent workforce management balances flexibility with compliance, controls costs while accessing talent, and integrates contingent workers into overall workforce planning strategies.
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