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Source: http://content.workmarket.com/2016-ondemand-talent-report/ Hollister Staffing www.hollisterstaff.com 75 State Street, 9th Floor, Boston, MA 02109 617.654.0200 The “2016 Corporate On-Demand Talent Report” shows that 59% of businesses use contract talent for more than 6 months at a time. Contract professionals are increasingly becoming a strategic and integral part of a modern workforce with 2016 trends suggesting that companies will continue engaging with contract talent to increase innovation and improve bottom-line. Just in 2016, 56% more businesses are planning to use more contract professionals. >12 Months (46%) 6 Months (13%) 3 Months (15%) 1 Month (10%) 1 Week (16%) AVERAGE LENGTH OF TIME ON ASSIGNMENT 22% >75%* 20% 50-74% 18% 25-49% 29% 0-24% 11% Not Sure AVERAGE TIME SAME TALENT IS USED *22% of businesses use the same talent 75% of the time. Over 40% of companies have more than 30% of their overall workforce made up of contract talent. 74% 56% 44% 42% 33% 32% 30% 13% 7% Skill Assessments Background Check Licenses / Certifications Drug Test Legal Agreements Ratings on the Quality of Work Insurance Social Connections Other REQUIREMENTS FOR CONTRACT TALENT A STUDY ON CONTRACT TALENT THROUGH THE EYES OF CORPORATIONS Nearly 27 Million people, about 17% of the U.S. workforce is part of the corporate contract economy. 88% of businesses are currently engaging contract professionals, with 46% using contract labor for more than a year at a time. At 64%, the #1 reason for corporations to work with contract professionals is to increase flexibility. Most common demographic of contract talent being engaged are Mid-Career Professionals, ages 35 to 55. Research by: workmarket

A STUDY ON CONTRACT TALENT THROUGH THE EYES OF … · 2019-11-19 · REQUIREMENTS FOR CONTRACT TALENT A STUDY ON CONTRACT TALENT THROUGH THE EYES OF CORPORATIONS Nearly 27 Million

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Page 1: A STUDY ON CONTRACT TALENT THROUGH THE EYES OF … · 2019-11-19 · REQUIREMENTS FOR CONTRACT TALENT A STUDY ON CONTRACT TALENT THROUGH THE EYES OF CORPORATIONS Nearly 27 Million

Source: http://content.workmarket.com/2016-ondemand-talent-report/

Hollister Staffing www.hollisterstaff.com

75 State Street, 9th Floor, Boston, MA 02109 617.654.0200

The “2016 Corporate On-Demand Talent Report” shows that 59% of businesses use contract talentfor more than 6 months at a time. Contract professionals are increasingly becoming a strategic

and integral part of a modern workforce with 2016 trends suggesting that companies willcontinue engaging with contract talent to increase innovation and improve bottom-line. Just in

2016, 56% more businesses are planning to use more contract professionals.

>12 Months(46%)

6 Months(13%)

3 Months(15%)

1 Month(10%)

1 Week(16%)

AVERAGELENGTH OF

TIME ON ASSIGNMENT

22%>75%*

20%

50-74%

18%

25-49%

29%

0-24%

11%

Not Sure

AVERAGETIME SAME TALENT IS

USED

*22% of businesses use the same talent 75% of the time.

Over 40% of companies have more than 30% of their overall workforce made up of contract talent.

74% 56%

44% 42%

33% 32%

30% 13%

7%

Skill Assessments

Background Check

Licenses / Certi�cations

Drug Test

Legal Agreements

Ratings on the Quality of Work

Insurance

Social Connections

Other

REQUIREMENTS FOR CONTRACT TALENT

A STUDY ON CONTRACT TALENTTHROUGH THE EYES OF CORPORATIONS

Nearly 27 Million people, about 17% of the U.S. workforce is part of the corporate contract economy.

88% of businessesare currently engaging contractprofessionals, with 46% using contract labor for more than a year at a time.

At 64%, the #1 reason forcorporations to work with contractprofessionals is to increase �exibility.

Most commondemographic of contract talent being engagedare Mid-CareerProfessionals, ages 35 to 55.

Research by: workmarket