For many small businesses, the time comes to switch gears and plan a scale-up strategy to drive the next phase of growth. Talent acquisition could be a make or break step in this process - a business that moves too soon with full-time employees could find itself overstaffed and struggling with new employees that lack the experience they need.

Today’s younger generation of highly skilled and high performing workers are increasingly participating in the contingent labour workforce, in a bid to trade job security for increased freedom and flexibility. Companies are adapting, and it’s estimated around 40% of the U.S. workforce is currently made up of temporary contract workers, independent professionals, freelancers, and contractors or consultants. 

There is no denying the significance of contingent talent in today’s labor market, and having visibility of your contingent talent is imperative to a successful contingent strategy - this is where a managed services provider (MSP) can help.

With the implementation of a MSP program, companies are able to augment their staffing levels more dynamically for special projects, work around headcount restrictions, improve coverage during peak periods and obtain top talent quickly.