A Contingent Workforce consists of temporary, part-time, or contract workers employed for specific tasks or durations, providing flexibility to meet fluctuating business needs.
- What is a contingent workforce?
Answer: It is a group of temporary or contract workers hired for specific tasks or durations. - What industries rely on a contingent workforce?
Answer: Industries include retail, construction, and IT. - What are the advantages for organizations?
Answer: It provides scalability and reduces fixed labor costs. - What are the disadvantages?
Answer: Disadvantages include lack of loyalty and training needs. - How can HR manage a contingent workforce?
Answer: HR can use tracking systems, clear contracts, and integration strategies.
