Businesses Should Look to the Freelance Economy to Deliver Superior Field Service Outcomes
–NICK HEINZMAN with SPEND MATTERS Managing a modern-day field service function presents numerous challenges to business leaders. Consistently getting the right person for a service request to the right place at the right time has only become more difficult in today’s hyper-competitive, on-demand business environment. Because of this, field services spend, which often includes services essential to the functioning of a business (e.g., point-of-sale systems, security cameras), can easily fall victim to cost overruns, variable levels of work quality and external regulatory risks that can affect services outputs. To meet these challenges, businesses have increasingly looked to augment their current W-2 field …
Independent Workers Feeling More Secure
The 2018 MBO Partners State of Independence in America paints a nuanced picture of the 42 million Americans who work independently as independent professionals, contractors, consultants, freelancers, side giggers and more. In this eighth year of the report, the longest-running comprehensive look at the independent workforce, American independents emerge as strong, mature, and satisfied. Even amidst record low unemployment and the strongest jobs market in decades, independent work remains a viable and desirable career path. “People from all industries choose to become independent professionals,” says Gene Zaino, CEO of MBO Partners. “The key word here is ‘choose.'” With each passing …
‘The world is changing:’ Why the contingent workforce isn’t going away
Follow Kathryn Moody on Twitter HR professionals are commonly told to “do more with less. But if necessity is the mother of invention, disruption is the family member looming in the background holding a rolled up newspaper. Tightening resources, changing technologies and frustrated employees calling for more flexibility have forced HR professionals to find adaptable workforce solutions that fit a shifting model. “The world is changing,” Peter Sheahan told HR pros during yesterday’s keynote at WorldatWork’s Total Rewards Conference, citing a running theme for the first day’s sessions. And that change is driving related disruptions to HR strategy, he said. …
The Impact Of Impending Labor Shortages On Field Service
by Michael R. Blumberg One of the most pressing concerns among field service executives is the impending shortage of skilled workers. These concerns are well-founded. The U.S. labor market is expected to face a shortage of approximately 8.2 million workers by 2027, reports Thomas Lee, head of research at Fundstrat Global Advisors. The U.S. labor market is expected to face a shortage of approximately 8.2 million workers by 2027 This shortage is fueled by two trends. The first trend is referred to as the “Silver Tsunami.” This is a term that describes the enormous number of employees who are reaching …
Global Field Service Management Market Will Reach USD 6.68 Billion by 2023
(NEW YORK, NEWSWIRE) Zion Market Research has published a new report titled “Field Service Management Market by Solution (Work Order Management, Inventory Management, Customer Management, Mobile Field Service Management, Schedule, Dispatch, & Route Optimization, Billing, Invoicing, & Mobile Payments, and Others), by Deployment Mode (On-premises and Cloud), for Verticals (BFSI, Manufacturing, Telecom & IT, Retail, Transportation & Logistics, Healthcare, and Others) – Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023”. According to the report, global field service management market was valued at approximately USD 2.86 Billion in 2017 and is expected to reach approximately USD 6.68 Billion by …
How the gig economy could help close the skills gap
By Gregory Ferenstein, contractor with Tech4America, a San Francisco-based tech policy nonprofit. Former President Obama often referred to the “train and pray” trap of workforce education, in which people intensively bury themselves in books and hope that there’s a job waiting for them on the other side of a credential. In a new economic analysis, I argue that for highly skilled workers, the gig economy is a feasible alternative to “train and pray” school-centric approaches, because job experience itself is the best form of job training. I frequently talk to policymakers who are obsessed with complex credentialing and regional workforce forecasting …
Strategic Role of Project Management Elevated as Organizations Manage Disruptive Technologies
(Phialdelphia: Business Wire) According to a new in-depth report by Project Management Institute (PMI), 91 percent of organizations are feeling the impact of disruptive technologies and those that are not currently experiencing the impact are preparing for disruptive technologies to change their business over the next five years. From cloud and AI to IoT and blockchain, digital disruption is changing the way work is done, providing an opportunity for innovative organizations to drive a competitive advantage. As organizations continue to face increased disruption, effective project management practices are more valuable than ever. Leading organizations are elevating the role of project …
How A.I. Can (And Can’t) Take The Headache Out Of Talent Recruitment
Article by @KarstenStrauss featured on Forbes.com emphasizes the need for the hands-on, assisted insourcing when staffing provided by companies like Techadox. Searching for people to fill jobs requires a lot of research. Experience, skill sets, salary expectations, coordinating interviews, and numerous other issues must be addressed to match worker to employer. Artificial intelligence and machine learning are making all of those calculations easier, and the future of hiring will likely only get more streamlined due to those technologies. “One very specific example of this is coordinating and scheduling for incoming (job) candidates,” says Dr. Andrew Chamberlain, chief economist with Glassdoor.com, …
The Role of Community in Contingent Labor
Contingent labor is here to stay in the United States. Freelance work has been expanding in size and necessity over the past five years; an early 2016 report by Forbes suggests by 2020, freelancers will make up nearly 50 percent of the American workforce. With this comes a problem for companies: what role does culture or community have here? Does a labor market, defined by individuality, have a need for a connection to their coworkers, bosses, or brand? Is it even worth the company’s effort? The short answer: if done correctly, yes — because it is actually profitable. Using …
