When considering what trends are affecting human capital in Canada’s workforce we have to take into consideration the technical capabilities available today. Never before has technology affected business and workforce as much as it does right now. And moving forward it will only become more apparent.
Advances in connectivity have made it incredibly easy to work outside of a traditional office environment. More people than ever before are choosing to work as freelancers, independent agents and contractors rather than as typical cubicle or office employees. In turn, the number of companies tapping into the on-demand workforce is rising making this a key human capital trend to watch.
How does this benefit business? It allows corporations to bring in talent that might otherwise be too costly to acquire on a full-time, ongoing basis. They can contract work out to area experts on a per project basis without having to create a permanent place within the company.
Once talent needs are identified companies can use recruiting agencies to find talent pools they can tap into when the need arises.
The pressure for companies to become agile and flexible in how they acquire talent is growing and the need for an on-demand workforce may become an integral part of how we all do business in the near future. Companies that can successfully utilize the world’s independent workforce may realize a significant competitive advantage.