7 Emerging Trends in Contingent Workforce Management

As the world of work evolves, so does the approach to managing the workforce. A major shift is the rise of the contingent workforce, which includes freelancers, contractors, consultants, and temporary staff. Today, contingent workers account for around 20% of the global workforce, and this figure could rise to 50% by 2028. What does this mean for businesses, and how can they stay ahead of the curve?

In our latest report, "7 Emerging Trends in Contingent Workforce Management," we delve into the key trends shaping the future of work. Here are two critical trends highlighted in the report:

Integration of Advanced Technologies

Technological innovation is revolutionising contingent workforce management. Tools like Vendor Management Systems (VMS) and AI-driven analytics are becoming essential for managing contingent workers effectively. These technologies provide greater transparency, automate processes, and enable data-driven decision-making, from onboarding to project management. By leveraging these tools, organisations can enhance productivity, reduce costs, and manage their contingent workforce more strategically.

Compliance and Risk Management

As the contingent workforce grows, so does the focus on compliance and risk management. With increasingly complex regulations surrounding worker classification, tax obligations, and benefits, ensuring compliance is more crucial than ever. Failing to adhere to these regulations can result in significant penalties. Our report provides insights on how organisations can navigate these challenges, mitigate risks, and maintain compliance in a rapidly changing regulatory landscape.

Stay Ahead in Workforce Management

Discover the latest trends that are reshaping workforce management. Download our comprehensive report, "7 Emerging Trends in Contingent Workforce Management," to explore all the emerging trends and learn how your organisation can adapt to the evolving world of work.

At CoComply, we are dedicated to helping organisations manage their contingent workforce with confidence. Contact us to learn more about how our solutions can support your workforce strategy!