• twitter
  • linkedin
  • facebook
  • instagram
  • youtube
  • soundcloud
  • ATC Events
  • Menu
  • Home
  • Events
  • Blog
  • Resources
  • Community
  • Speak, Sponsor, Media
  • Talent Tech
  • Contact Us

Temporary Work is Here to Stay

By Jennifer Maritz

May 25th, 2017
Make a commentHR Tech

Share this:

  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to email this to a friend (Opens in new window)

The simultaneous rise of connected technology, globalisation and the mobile knowledge worker has disrupted the labour market in a way unseen since the industrial revolution.

Report after report from the likes of Deloitte, The Economist, Australian Bureau of Statistics and industry leaders details the accelerating demise of the 9-5 and the rise of the contingent, or temporary workforce.

The impact of this long-term shift is now biting for corporate Australia. The professional talent needed to build businesses is in high demand, and profitable growth hinges on access to the right talent at the right time.

Far beyond the ‘gig’ economy

Uber, Airtasker, Upwork, Freelancer, LinkedIn, job boards and many others feed off the new wave of moonlighters, however the trend is moving rapidly up the food chain into high-end specialist services on demand.

The best professionals are becoming guns for hire, and the competition for talent is fierce. No longer a temporary plan, people are designing their lives more consciously, with many drawn to the freedom, autonomy and lifestyle of operating independently.

We are now in the era of the on-demand skills economy, where teams are built for short-term, high-value initiatives.

New times demand new solutions

Traditional recruiters and online platforms are racing to catch up. But rather than helping, the surge in new services is creating a ‘job fog’ where skilled professionals and suitable employers can’t easily find each other in the blur. Many employers are now proactively sourcing talent, but job boards don’t vet or validate candidates and there is little support, let alone administration and payroll.

Recruitments firms add a level of service, but can take months to fill a role, they focus on full-time positions, and the delays and fees can cost thousands of dollars per vacancy.

The professional talent needed to build businesses is in high demand, and profitable growth hinges on access to the right talent at the right time.

The clock is ticking

Far from solving the problem of accessing skills on demand, the glut of recruitment options is creating a choice paralysis without an effective end-to-end solution.

The most significant workforce disruption ever witnessed is here and now. And Australian businesses are fast running out of time to adapt to the new world of work.

Around 38 percent already report skills shortages and vacancies take 68 days on average to fill, costing $34,000 in lost revenue per vacancy – a 50 percent increase in just five years.

Changing existing processes will take too long to win the race for talent. It’s time for a new approach to workforce management delivering skills on demand.

Nvoi is an open workforce-as-a-service platform that connects employers and skilled professionals directly. It’s an end-to-end solution including search, selection, candidate verification, payroll and trusted ratings.

Employers can now uncover talent within their networks, and individuals can control their careers and monetise their skill, all within an easy-to-use skill exchange platform.

Nvoi cuts out the middlemen and provides companies with a way to fill vacancies with qualified, verified and rated professionals, at a fraction of the time, risk and cost of the existing process.

Images: Nvoi

This article it sponsored by Nvoi.


Less than FOUR weeks to go! Join your peers at the largest Talent Acquisition & Management conference on the Southern hemisphere to learn more about the latest trends and pick up useful sourcing tips & strategies. Tickets available here.

Related

Share this:

  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to email this to a friend (Opens in new window)

Tags: technology, contingent workforce, solutions

About Jennifer Maritz

Jennifer Maritz is the CEO and Executive Director of Nvoi. She brings more than 25 years of experience in business and the IT sector. Prior to Nvoi, Jennifer served as Vice President of Global Complex Sales at IBM where she covered more than 16 countries. Her experience also includes the role of Chief Operating Officer for IBM Asia Pacific Global Business Services, and CFO of IBM’s Global Business Outsourcing division. Jennifer is a Chartered Accountant and a member of the Australian Institute of Company Directors, and she holds an Honours Degree in Accounting Science and a Bachelor of Commerce degree.

View more articles by Jennifer Maritz

Leave a Reply

Click here to cancel reply.

Sign up to our newsletter

Get a weekly digest on the latest in Talent Acquisition.

Deliver this goodness to my inbox!

Article categories

  • Human Recruiter
  • Artificial Intelligence
  • Candidate Experience
  • Contingent Workforce
  • Diversity & Inclusion
  • Employer Branding
  • Events
  • Future Of Work
  • HR Tech
  • Leadership
  • People Analytics
  • News
  • Recruitment Marketing
  • Sourcing
  • Talent Management
Menu
  • Home
  • Events
  • Blog
  • Resources
  • Community
  • Speak, Sponsor, Media
  • Talent Tech
  • Contact Us
  • Privacy Policy
  • Disclaimer
Social
  • twitter
  • linkedin
  • facebook
  • instagram
  • youtube
  • soundcloud
Join the Community
Count me in!
Become a Speaker
Contact us
Reach our Audience
Enquire now
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.