Finding The Ideal Labor Mix In Any Economy

The modern workforce looks far different than it did just ten years ago. Between 2014 and late 2018, freelancing in the United States grew by seven percent, compared with two percent growth for non-freelancers.

But the recent COVID-19 pandemic has accelerated this trend. As the U.S. economy ground to a near standstill, the crisis quickly replaced business as usual with the new normal. Overnight, the focus shifted to remote work and social distancing. New deals stalled in the fog of unprecedented uncertainty and a steep drop in demand forced many field service businesses to lay off staff. 

Yet these companies will need those same skilled workers in order to fill demand once our economy begins to recover. And while the work will certainly return, it will likely come back in waves. The companies that will continue to thrive are those that can flex on a daily basis, ensure worker safety, increase visibility, and minimize restaffing costs. 

Finding the right balance between traditional full-time workers and on-demand contingent talent will be key to weathering the storm. To help you find the right labor mix for your unique needs, we’ll explore: