| | October 20218Contractual Workforce And The Human Resource DevelopmentBy Kunal Gupta, Founder, Mount TalentOriginally conceived of as contract work, "alternative" work today includes work performed by outsourced teams, contractors, freelancers, gig workers (paid for tasks), and the crowd (outsourced networks). Rapid growth is seen in the number of people working under such arrangements. By this year, for instance, the number of self-employed workers in the United States is projected to triple to 42 million people. For organizations that want to grow and access critical skills, managing alternative forms of employment has become critical. Many countries are seeing declining birth rates, reducing the size of the labor pool. For percent Either stick with numbers of words of surveyed employers worldwide say they are having trouble filling open positions, the largest such percentage since 2006. Among companies with more than 250 employees, the percentage struggling to find qualified candidates rises to Four percent Either stick with numbers of words ----- So what is the role of HR in this situation ­ It needs to act like a Business Partner / Consultant to the SBU and Job functionsWith ever changing market dynamics and technological changes across Industries including Automobiles, IT Services, Cloud, Software, Banking, Manufacturing, others; companies want to hire people for their current needs since they are unable to predict the future Job demands. Juxtapose that to the need of potential candidates wanting to maximise returns by full utilisation of their skills to provide services in a flexible fashion so as not to be bound to one company for years. Technology plays a great role by enabling sourcing, tracking, engaging, hiring, managing payroll, work and productivity of the workforce. It also helps in the correct assessment of skills for movement across job demands and locations. Contractual or Alternate workforce comes in many shapes and sizes:He has received `Emerging CEO of the Year' Iconic Achievement Award at the World Marketing Summit 2020 and his expertise encircle in business, technology, products and solutions, and staffing.IN MY OPINIONKunal Gupta
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