On-demand staffing, the idea that companies can engage their staff only when they need them and where they need them, is poised for a breakout year in 2018, according to Glenn Laumeister, CEO of AllWork, a software and services platform that enables on-demand talent sourcing, management, and payment.
Laumeister has more than 20 years’ experience as a serial entrepreneur and technology CEO who has launched and scaled numerous businesses including AllWork.
As a thought leader in the industry, we asked Laumeister to partner with us on a blog at a time when businesses are adjusting to an on-demand workforce and likely also struggling to find, manage, and pay retail freelancer talent.
An On-Demand Workforce Made Easy
Using an on-demand workforce as a strategic tool can place a company ahead of the rest by streamlining hiring workflows and minimizing the costly risk of a bad hire. This type of workforce allows for scaling based on need, saving money, and boosting productivity, but it is often avoided due to a lack of knowledge on how to facilitate and manage it.
Finding a freelance or flexible employee and having them effectively contribute can take half the time it does with a full-time hire. Also, after a positive experience with a flexible employee, the company can keep them in mind for future projects, while avoiding those that were not a good fit. The number of professionals looking for flexible projects has experienced a considerable growth spurt over past ten years, from 10.7% to 15.8%. Companies can tap into this more diverse pool of candidates by seeking flexible employees. These aspects of the on-demand workforce lead to efficiency in hiring quality candidates and the elimination of maintaining unnecessary staff.
Managing this workforce can be optimized and controlled by using the right technology. Talent management solutions allow managers to automate scheduling and payroll, track productivity metrics, and identify which workers excel in particular areas. Budget reporting can also be leveraged to make educated decisions about where flexible workers best fit in their organization.
Finally, when working with an on-demand workforce, employers shouldn’t have to worry about worker compensation and compliance. Payment software solutions can remove those concerns. Workers can submit timesheets and reimbursement requests electronically and payments can be sent automatically. These solutions also allow managers to run ROI analyses to determine if a worker’s productivity is worth their pay. With complicated compliance and labor laws, companies can have difficulties determining a worker’s status. Talent management solutions can not only determine employment status, but also the necessary compensation based on that status.
To learn more about AllWork, click here.