Businesses in nearly every industry have come to rely on contingent talent as specialists and flexible experts rather than temps who fill vacant seats during absences, seasonal demands or personnel transitions. With increasing frequency, we’re integrating these skilled contractors into our primary workforces. Yet, we still haven’t integrated them into our internal knowledge systems. And that’s a missed opportunity to tap into their intelligence and ideas, especially as the sharing economy’s[...]
As Staffing Industry Analysts reported last year, “companies processed between $47 billion and $51 billion U.S. dollars (USD) in spend associated with the human cloud on a global basis.” We’ve entered a new era of work where our tools, processes, and people function in “the cloud.” This is, like it or not, business as usual these days. Traditional structures are crumbling under the weight of the Amazon effect and giving way to elastic operations that allow business leaders to make real-time adjustments in the workforce. With innovation as a priority for every company, this dynamic is essential to maintaining a competitive edge. It’s unlikely that this protracted war for talent will eventually be won by the old “boots on the ground” mentality. Tomorrow’s victors will be employers with their heads in the clouds -- in this case, the human cloud.
In today’s digitized world, where real-time interactions take place between individuals anywhere in the world, the notion of “the crowd” seems to be a contemporary phenomenon. Entrepreneurs, scientists and researchers increasingly rely on the power of crowds to solve complex problems. We crowdfund endeavors through sources such as Kickstarter, LendingClub and Dealstruck. Charitable causes seek financial backing by appealing to the altruism of investors in the crowd, using sites like GoFundMe. Right now, we’re even crowdsourcing cures for diseases. The reality, however, is that we’re just scratching the surface of what crowd-centric solutions can offer society, particularly as the sharing economy grows. So the question on most people’s minds becomes, what is the crowd?
I’m extremely honored and excited to be speaking at ProcureCon’s Contingent Workforce 2016 Total Talent Management event, which runs from July 11 to July 13. I’ll be uniting with other industry experts to help procurement leaders transform their organizations through bold, disruptive workforce innovations. Procurement professionals today are facing a dynamic array of market and employment shifts. Growing uncertainty in business performance and increased labor risks have spurred a resurrection of traditional demands, such as the renewed focus on cost containment. Yet, organizations also need procurement to evolve into a strategic business adviser capable of bolstering spend influence, driving agility and capitalizing on suppliers with fresh, unconventional recruitment approaches. In my talk, I’ll be demonstrating how we can assist procurement in reaching these goals through the power of crowd-based hiring.