Growth Opportunities in the Alternative Workforce Space

Growth Opportunities in the Alternative Workforce Space

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

RELEASE DATE
06-Oct-2023
REGION
Global
Deliverable Type
Megatrends
Research Code: PE83-01-00-00-00
SKU: CI_2023_199
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$4,950.00
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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

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.--BEGIN PROMO--

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

More Information
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