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Growth Opportunities in the Alternative Workforce Space
Growth Opportunities in the Alternative Workforce Space
Scaled-up On-demand Staffing Platforms to Drive Labor Transformation
06-Oct-2023
Global
Megatrends
Description
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?
Author: Drisya Chandran
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
Our Mega Trend Universe—Overview
Growth Opportunities Fuel the Growth Pipeline Engine™
The Mega Trend Universe—Growth Opportunities in the Alternative Workforce
Key Findings
Crucial Growth Opportunities for Future Success
Overview of the Alternative Workforce
Transition Chain from a Traditional to an Alternative Workforce
Effective Management of the Alternative Workforce
Case Study 1—Correlation One Leveraging Freelancer Management Platform to Manage Part-time Contractors
Case Study 2—Myntra’s Hiring of Additional DE&I Temporary Workers to Address a Seasonal Demand Hike
Case Study 3—Robert Bosch GmbH’s Integration of Retired Employees with Current Resources to Train Young Associates
Case Study 4—Driveline’s Partnership with On-demand Staffing Platform to Address Urgent Staffing Demand
Case Study 5—Krispy Kreme’s Partnership with Talent Platform to Develop New Staffing Strategy
Tech-oriented Solutions 1—Customized Contingent Workforce Solutions
Tech-oriented Solutions 2—Metaverse Work Solutions
Alternative Workforce—Microtask Model
Alternative Workforce—Microtask Model (continued)
Alternative Workforce—Smart Work Model
Changing Employment Regulations
Changing Employment Regulations (continued)
Changing Employment Regulations (continued)
Trend Opportunity—Regional Exposure
Trend Opportunity Levers—Drivers of Change Till 2030
Trend Attractiveness Analysis
Trend Opportunity Impact and Certainty Analysis
Trend Opportunity Impact and Certainty Analysis (continued)
Trend Opportunity Disruption Index
Trend Disruption Attractiveness Score
Trend Opportunity Growth Index
Trend Disruption Attractiveness Score
Trends BEETS* Implications
Growth Opportunity 1: Rise of Microtasking Platforms
Growth Opportunity 1: Rise of Microtasking Platforms (continued)
Growth Opportunity 2: Personalized Microlearning
Growth Opportunity 2: Personalized Microlearning (continued)
Growth Opportunity 3: Upscaling On-demand Staffing Platforms
Growth Opportunity 3: Upscaling On-demand Staffing Platforms (continued)
Critical Success Factors for Growth
Conclusion—The Way Forward
Our Mega Trend Universe
Our Mega Trend Universe (continued)
Your Next Steps
Why Frost, Why Now?
About the Growth Pipeline ModelTM
List of Exhibits
Legal Disclaimer
Growth dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
Popular Topics
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?
Author: Drisya Chandran
| Deliverable Type | Megatrends |
|---|---|
| Author | Drisya Chandran |
| Industries | Cross Industries |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Alternative workforce trends |
| Keyword 2 | Gig economy market analysis |
| Keyword 3 | Contingent labor opportunities |
| Podcast | No |
| WIP Number | PE83-01-00-00-00 |