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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

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