On-demand independents will fix talent crunch
With massive layoffs, people still resigning from their jobs voluntarily and the hybrid work lifestyle continuing, forecasts show that 2023 is going to be a growth year for the independent professional.
According to a survey conducted by Wizly about the current talent crunch, over 100 companies are growth-stage companies (Series A onwards), and over 46% of companies say they will be relying more on freelance talent.
As companies pause hiring full-time, companies still need to meet ambitious financial goals and this means the work must continue.
One of the reasons for this is hiring freezes and the need to do more with less. One of the biggest reasons companies are having issues with staff is the back-to-office issue. 37% of HR teams believe retention problems will increase because of the reluctance to come back to the office or come back conditionally.
The solution -50% of companies are looking to hire project-based independent talent instead of full-time employees.
Post-pandemic remote policies make it easier to integrate on-demand talent into a company and critical, time-based talent gaps make it necessary.
The future of work is changing
Hiring has always been the bottleneck to efficient growth for companies. The cost of finding and placing the right talent is one of the biggest issues companies are facing across the world. It takes an average recruiter 8 weeks to find and onboard a new member to the team and talent agencies charge massive amounts to place individuals in companies in old-school ways.
According to Korn Ferry’s Future of Work Report, there is a major issue with the skills gap- 37% of professionals say up-skilling/reskilling current employees is the top way they are addressing the labour and skills shortage.
A marketplace platform like Wizly helps remove the bottleneck, with a faster & smarter approach of working with verified independent professionals as your extended team. They can work on projects ranging from a few days to months.
A company is able to onboard independent professionals within days, collaborate in real-time (calls, chats, document exchange) and payments are all integrated all on a single platform to speed up the process.
Speed and execution are important for any company to succeed -having immediate access to highly-skilled on-demand talent at the right time, with the right knowledge is the way forward, in light of the current hiring freezes.
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Here are highlights from the top insights shared by Wizly professionals in April to help you solve business challenges in sales, marketing, and branding.