Over the years we have rebuffed attempts by our clients to provide temporary staff and contractors for their work force. We have spoken to a number of our clients about their needs over the next 12 months and it has become clear that there is more emphasis on a flexible and scalable work force.
New research from Harvard economist Lawrence Katz and Princeton economist Alan Krueger suggests that all the net job growth in the last decade is in “alternative work arrangements.” That includes temps, on-call and on-demand workers, contractors at companies, independent contractors and freelancers. We have seen that the press-worthy online “gig economy” work like Uber is a tiny slice of that. The chart below shows the percent of workers in alternative work arrangements, by industry.
What are the benefits to companies hiring interim employees and contractors?
> Cost-effective - The hourly rate of an interim professional is often higher but their flexibility means you can scale up or down depending on the requirements you have week-on-week. Contractors require minimal training and have rates that are inclusive of NI and taxes so there is great potential for long-term savings.
> A fresh perspective – Working closely with the same people day in, day out can often lead to the stagnation of ideas. If you bring a highly skilled professional in for short-term projects gives you a shot of inspiration, industry-level best practice and new ideas.
> Access to specialist skills - This is particularly key as businesses undertake more project-based work, for example, meeting new compliance and regulation standards. Tapping into the interim market allows companies to bring in specific skills that aren’t available in-house for a defined time.
So yes, we are now working with a number of contractors that are specialists in the media industry. And we are now taking on contract roles from our current clients and new businesses from conference producer jobs in London to sponsorship sales jobs and event management positions.
If you are interested in a contracting position or need people to fill a particular role please get in touch with Ioan Nickson, the head of our Interim and Contract recruitment business. You can reach him on 020 7559 6700.