How On Demand Economy is Effecting Recruitment

How On Demand Economy is Effecting Recruitment

The on demand workforce has become increasingly popular over the past decade. The availability of online platforms and contract jobs has changed the way people look for work and companies look for new employees. The “gig economy” as some may call it, gives your employees the freedom to choose when and where they work from, which is beneficial for both businesses and workers. Lots of people can take multiple part-time jobs and are more willing to work on a contract basis since it offers them the flexibility to set their own schedule. Companies like Uber, Lyft, Apple are all embracing the “gig economy” and realizing the potential of an on-demand workforce.

A study done by intuit predicts that by 2020, at least 40% of employees will be on-demand workers. The on-demand economy has affected every sector of a business including recruiting:

Organizations are reshaping their perception of contract workers

Companies are providing a culture and opportunity that is attractive to digital natives. Organizations are more receptive to offering multiple career paths and varied, engaging experiences. Millennials want a place where they are provided with challenging and meaningful work, instead of a traditional 9-5 job that doesn’t make full use of their skill set. To retain good talent, organizations are letting their employees try out new things and provide them with a flexibility to set their own schedule or work on an on demand basis.

The gig economy has begun to encompass all types of roles, including senior-level executive positions in career paths such as finance, accounting, and IT so organizations are quickly adapting themselves to this new trend to retain and hire talented employees.

Easier to hire top talent

The on-demand economy is making it easy for employers and hiring managers to find top talent. There has been a significant shift in skills needed today and hiring managers have started changing their recruitment practices to find talent however they can. Millennials prefer to work in a personalized environment where they can work on their own projects on a short term basis or work on multiple small projects at the same time.

Online job boards such as Jobr for Business, make it possible for hiring managers to quickly find employees based on specific projects. Since the technological skills needed today are so hard to find, sometimes these skill sets can only be found in the contingent workforce. On demand workers are more readily available compared to full time employees and can also be hired globally.

Acquiring niche skill set

People with certain niche tech skills can expect a surge in opportunities at startups or even multi national corporations. The demand for data analysts, machine learning artificial intelligence experts, UX/UI designers, cybersecurity and product development experts is outstripping supply, but with the rise of an on-demand workforce it is now easier to higher people with these technical skills. These workers can be highbred as needed or on contract basis which also saves money. Companies can easily leverage skilled professionals for specific, short-term projects who would otherwise be too costly for a growing company to maintain as a full-time staffer.

Jobr for business is a great tool to reach an on demand workforce and hire candidates instantly. Download our app and post a job in under 5 minutes to reach millions of potential candidates or search resumes.

Marketing Intern

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