4 Statistics That Make the Case for an On-Demand Workforce
Jun 12, 2019 Emily Brungard
We live in a world that’s moving at hyperspeed. Customers want more, and they want it faster. Demands on your team are growing at an impossible rate. Technology is enabling us to do more, but it will only take you so far without the people who know how to use it.
With all of these demands, you may not have had the chance to consider integrating everything (customers, your internal team, and technology) to make your job easier. But we’ve found the key to keeping up with these demands comes down to talent: having the right people at the right time.
If you need more convincing, consider these statistics:
68% of HR pros have trouble attracting top full-time talent
Highly skilled freelance experts have the leverage to do work on their terms. More and more freelancers, especially the ones with highly sought after talents, are leaving the 9-to-5 world for more flexible work lives. This is only confirmed by the fact that, according to the Society for Human Resources Management, more than two-thirds of HR managers have experienced difficulties attracting the best talent to their open full-time roles.
By 2026, Fortune 2000 companies will have no employees outside of the C-suite
In the next decade, could you be saying goodbye to your traditional org chart? Accenture predicts that by 2026, the most successful companies won’t employ people outside of the executive team. As this liquid workforce evolves, companies will double down on the value of having the people with the exact expertise they need, at just the right time. That means instead of hiring a full-time technical expert for a project that requires heavy lifting at first but then tapers off, companies can bring in an expert to implement their new tech or tool and then continue contracting on an hourly or project basis. What does that mean? More money in your marketing budget to drive results.
30% of headcount spend is put toward on-demand workers
Enterprise companies are dedicating a third of their headcount budgets to contingent workers, independent contractors, and freelancers. When a project comes up that the company’s internal team doesn’t have the skills to complete, on-demand experts enable them to navigate roadblocks and continue moving the needle. In other words, they help companies get around the situations that would have stopped them in their tracks before.
Nearly half of businesses can’t find the on-demand talent they need
According to SAP Fieldglass, 45% of businesses are experiencing a shortage of on-demand experts. In other words, they can’t find the people they need to get everything done, and it’s affecting productivity and results. Non-employee talent makes up 40% of the global workforce today, and they’re not just filling administrative or support roles — they’re the people making strategic decisions that move these companies forward.
Searching for the right people to fill gaps on your marketing or professional services team? Tap into Torchlite’s network of experts today.