News and Views
How well are you Managing your Contingent Workforce?
The New Zealand workforce is constantly evolving; over the last two decades the employment landscape has fluctuated, altered and ventured into new and unchartered territories
Now, more than ever before, Corporates are using greater numbers of contractors. This is not because companies are still hesitant to employ permanent staff but because they are finding it increasingly hard to secure people with the appropriate skills for crucial roles.
Corporates are finding they can no longer rely solely on their internal HR to cover all recruitment and staffing issues. With such a diverse mix of workers the administrative burden being shouldered by HR departments can be lessened by outsourcing. And outsourcing the management of contingent staff seems to be particularly on the rise.
Many internal recruitment departments have embraced outsourcing as a way to better manage all facets of employing contractors – reducing costs, providing one single point of accountability, improving risk compliance and freeing up time for HR to concentrate on permanent staffing, branding and company policies.
As organisations start to recognise that a one-size-fits-all approach to workforce management just does not correlate anymore, the benefits of partnering with an external agency are becoming much clearer.
The theory is that if you outsource some, or all, of your contingent needs to a dedicated external company, you will optimise your chances of sourcing, recruiting and managing the best talent in the market (and in times of skills shortages, top talent is becoming increasingly precious). A further, major factor is the considerable cost savings that a company can expect to make.