As the manufacturing - and - farming economy has given way to an information - and - service economy, the number of Americans making their livings from what economists call
contingent labor has soared.
After studying and testing the use of freelancers (called «agile talent» and «
contingent labor» by corporations) for several years, 2017 will see the corporate use of agile talent increase and become mainstream.
Just as solopreneurs will increasingly rely on freelancers, big business too will see the benefits of utilizing so - called «
contingent labor.»
It shows about 25 % of these «solopreneurs» aren't really solo - they hire
contingent labor on a regular basis.
The summit sessions and informal conversations provided an excellent opportunity to hear from a variety of corporate executives on why they are increasing their use of
contingent labor, especially through the use of online talent marketplaces like Upwork.
An important part of talent management,
contingent labor can fill in for personal leave, handle rush projects, and address the need for capabilities you don't have.
Many organizations have begun to embrace the idea of engaging
contingent labor as a method of evaluating potential employees prior to hiring any new healthcare talent.
This increase in employee conversions suggests that healthcare organizations are finding value in
contingent labor beyond engaging them for brief projects.
With over 15 years of experience, RightSourcing is the trusted and safe choice to manage
your contingent labor program.
Yet, as
contingent labor programs grow in scope and size, compliance can start to take a back seat if there's not a dedicated focus on healthcare compliance standards.
As
contingent labor programs grow in size and complexity, contingent workforce management is more critical than ever.
But when a health system partners with a vendor neutral MSP, they're able to outsource these functions, increasing visibility into all areas of the supply chain, enhancing their management of
contingent labor spend.
Yet, important new guidelines have made that a risky behavior when it comes to properly classifying
contingent labor.
Do you know how to integrate strategic analytics into
your contingent labor program?
When healthcare organizations begin using
contingent labor, often they are challenged with contingent workforce management.
Whether this comes in the form of employee and non - employee misclassification of
contingent labor, credentialing standards, or background checks, the risk of noncompliance can be great.
In response, 83 % of hospitals have established
contingent labor programs.
Health systems are increasingly turning over the management of healthcare IT
contingent labor and SOW work to MSP partners.
They have done so to not only relieve overburdened staff but to also evaluate
contingent labor as potential new hires.
As healthcare's use of
contingent labor continues to grow, so too may the risk lurking within these programs.
According to analysis of strategic analytics, RightSourcing has found health systems across the nation have increased their use of
contingent labor by 41 %.
To minimize your risk, contact the leading healthcare MSP for a free workforce analysis and find out how RightSourcing can enhance healthcare compliance within
your contingent labor program.
Consider the following ways in which you can minimize risk and encourage healthcare compliance in
your contingent labor program:
Do you know how these changes will impact
your contingent labor program?
As
contingent labor programs grow, many have embraced the idea of partnering with a managed service provider.
As
contingent labor programs grow in size and complexity, contingent workforce management becomes more critical than ever.
Learn about RPO and the latest news about
contingent labor, PEO, and staffing providers.
Contingent labor programs have grown out of two challenges in healthcare - acquiring enough talent to render exceptional patient care and cost reduction at a time when budgets and reimbursement payments are shrinking.
By converting
contingent labor into full time staff, health systems can gain a variety of benefits that far outweigh hiring an unknown candidate.
Because demand exceeds availability of qualified candidates for full time employment, health systems have increasingly turned to
contingent labor to fill these openings.
According to the Bureau of Labor Statistics,
contingent labor is expected to increase another 20 % nationally by 2020.
In 2016, more health systems used
contingent labor than ever before.
When healthcare hiring remains a challenge,
contingent labor could be the answer to hiring difficulties.
The contingent labor is growing at a rapid pace among health systems nationally.
Get a free workforce analysis and find out how RightSourcing can help your health system manage its risk of misclassifying
contingent labor.
A careful review of market research shows that 81 % of hospitals are currently using
contingent labor.
This year, RightSourcing has observed healthcare organizations have increased the use of
their contingent labor by 41 %.
New U.S. Department of Labor rules may change the way in which health systems operate, including how
contingent labor programs develop.
If your health system has increased the size of
your contingent labor program, you may have opportunities to improve upon your contingent workforce management.
Find out how your health system's
contingent labor program can be improved upon.
Consider the following solutions to drive
your contingent labor program's success:
Coupled with waves of retirement, healthcare has responded by engaging
contingent labor to fill open positions.
This year, health systems have increased their use of
contingent labor by 41 %.
The Bureau of Labor Statistics estimates that approximately 40.4 % of the U.S. labor market will be
contingent labor by 2020.
Instead, take proactive steps towards a healthy
contingent labor program.
Across the nation, RightSourcing's Strategy, Analytics, and Metrics Team has observed a 41 % increase of healthcare
contingent labor programs.
Does your health system have a plan in place to mitigate risk and facilitate healthcare compliance in
your contingent labor program?
RightSourcing's fully implemented healthcare workforce solutions typically result in
contingent labor cost savings of 5 - 20 percent.
Health systems that have embraced
contingent labor often also partner with a managed service provider who recommends conversion strategies as a method for cost savings, talent retention, and more.
Strategic analytics and Big Data have become increasingly important to engagement of
contingent labor.