Growth Opportunities in the Alternative Workforce Space

Scaled-up On-demand Staffing Platforms to Drive Labor Transformation

The labor market is constantly evolving and introducing newer forms of employment, such as the retired workforce, platform workers, crowd workers, and temporary workers. Changing market dynamics have shifted companies’ focus from hiring and training to leveraging non-permanent talent as this model offers optimal flexibility and lower fixed costs.

This study explores the labor market’s transition over the years and the evolution of an alternative workforce. It also discusses the volume of the alternative workforce and regional share.

The research takes a deep dive into technological disruptions and their implications. Adopting the latest technologies improves alternative workers' authenticity and communication, lowers overall hiring costs, and provides a competitive edge for companies so they can effectively manage and retain workers.

The study explores various opportunities companies can capitalize on to support future growth. New technologies play a crucial role in enabling the future alternative workforce culture, and companies are changing their value chain to offer better communication between existing and alternative workers. The significant risk for companies working with an alternative workforce is a lack of visibility, control, and related expenses.

Key Issues Addressed

• What are the major trend opportunity levers for leveraging the alternative workforce?
• What are the key technologies supporting the alternative workforce and their economic growth?
• What are the new work models arising from the growth of the alternative workforce in the labor market?
• How is the labor market transforming to accommodate alternative workers’ rights?
• Which critical success factors and growth opportunities should companies consider before strategizing long-term business plans?