Predicting the future of the talent market is nearly impossible. With conflicting signals including low unemployment, high quit rates and layoffs happening simultaneously, business leaders are struggling to know what they need next and how to staff for it. To meet the increasing demands of an uncertain market, talent leaders from across the organization need to consider their contingent workforce to quickly scale up or down with sudden changes. This is where the “elastic workforce” comes in, providing the ability to stretch to meet demands or contract when business decreases.
Note: This content originally appeared during From Day One’s January 2023 Virtual Event titled “Talent Acquisition During Uncertain Times.”