Mercer, WorkMarket announce contingent workforce management platform
- Mercer and WorkMarket, an ADP company specializing in freelance management, have teamed up to offer a "cloud-based platform that streamlines managing the future workforce."
- A report on flexible work arrangements, Mercer’s 2017 Global Talent Trends, shows that 77% of full-time employees would think about working on a contract or contingent basis. The report concludes that organizations that prepare for workforce fluidity will be better able to grow along with the economy.
- ADP had recently acquired WorkMarket in to make headway in the contingent worker market.
The gig economy is one of the leading recruiting trends of 2018. Some employers said they plan to hire more contingent workers, while others said they plan to turn as much as a third of their permanent full-time positions into contingent jobs. A ManpowerGroup survey shows that 94% of workers would consider nontraditional work options, including contract or contingency work — so a number of HR tech providers are adapting their offerings in response.
The growth of contingent work is so fast and expansive that lawmakers have taken steps to try to protect this segment of workers. Employers turning to this solution will have to keep an eye on the evolution of federal, state and local requirements.
Flexibility remains a key driver of the evolving workforce. An estimated 60% of the workforce will be contingent by 2027. With such a massive transformation occurring, employers may want to create cultures that accommodate a range of work options, from telecommuting and work-at-home arrangements to mobile, consultant and contract work.