Umbrella company contractors will be interested to learn that a latest report has revealed that self-employed workers are expected to play a fundamental role in the future as more and people decide to join the contracting sector.
According to latest findings from global talent acquisition and management firm Alexander Mann Solutions, it has been predicted by 63% of senior HR professionals that non-permanent hiring will continue to grow over the next two years.
Recent data reveals that there has been a considerable increase in contractor hiring over the last ten years alone.
Laurie Padua, director of technology and operations consulting at Alexander Mann Solutions, commented, “When you consider that millennials are expected to account for a staggering 75% of the global workforce by 2030, it’s hardly surprising that HR managers expect non-permanent hiring to increase substantially over the next few years. The generation currently entering the workforce are renowned for the emphasis they place on flexibility, and there is little doubt amongst the HR community that their preferences will continue to shape changes in the nature of the workplace.
“However, what is particularly concerning is the lack of measures that some firms have in place to effectively utilise this growing share of the workforce. In order to benefit from access to industry leading talent, senior HR professionals need to ensure that there are HR processes in place to efficiently source and manage the engagement of non-permanent professionals. HR managers will also need to ensure that they conduct thorough reviews of their attraction and retention strategies and implement measures to proactively engage with highly skilled contingent professionals or risk losing not only the ability to access vital skills, but also any advantage over competitors.”
Daniele Cantello is an Contract Manager for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies. Learn more about Daniele on Google.
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