Building a True Talent Ecosystem is the Wave of the Future | DCR Workforce Blog

Building a True Talent Ecosystem is the Wave of the Future

By now you’ve heard that experts contend that 35 percent of the world’s total workforce is comprised of contingent, non-employee or freelance labor. But did you know that number is expected to reach 50 percent in the near future? To reinforce this explosion of sweeping changes – and not be held liable for joint employment – today’s businesses must be on the cutting edge of technology and innovation.

On the cusp of the talent evolution, with this upward trajectory, Ardent Partners sees a future where organizations no longer have to follow archaic processes to source, engage and manage on-demand talent. In fact, Ardent Partners proclaims, “As the non-employee workforce continues to grow, businesses across the world will realize the value of a ‘linked’ series of systems.”

In its recently released report, “Contingent Workforce Management: 2016 Technology and Innovation Outlook,” Ardent Partners indicates the future of talent engagement – along with talent platforms and VMS solutions – will pave the way for disruption and innovation. According to Ardent Partners, “Talent engagement disruption will be a real and viable scenario in 2016 as more enterprises rethink the legacy approaches for identifying and finding the skills they need and adopt a diverse, layered method moving forward.”

It will take a talent “ecosystem” that links to various systems to effectively manage the evolving workforce. How will it look? These are the various elements of the ecosystem they envision:

  • Innovation bridges the engagement gap. Technology that sits on the periphery and pushes the innovation envelope – such as gamification, mobile devices and applications, advanced analytics and Freelancer Management Systems (FMS) – all support an effective, efficient Contingent Workforce Management process and help to lessen the engagement gap and strategically broaden the impact of non-employee talent.
  • VMS as heart of the ecosystem. It provides the automation, centralization and standardization of processes on which the entire ecosystems exists.
  • Supportive solutions. Platforms in human capital and procurement technologies, as well as HRIS/HRMS systems, help to bridge the gap between procurement and HR, accelerate Total Workforce Management (TWM) and foster access to better data and visibility.
  • Emergence of online talent platforms. Access to global talent in real-time with a link back to the VMS for total talent visibility, project status, performance measurement, compliance and more.
  • Disruptive platforms and talent management. Linking all systems and software together to leverage all aspects of reporting, visibility and control.
  • Enhanced intelligence. All-important data, pulled from the ecosystem, is used to make strategic business decisions.

Access the entire report to discover these and other future forward ideas.

The content on this blog is for informational purposes only and cannot be construed as specific legal advice or as a substitute for competent legal advice. They reflect the opinions of DCR Workforce and may not reflect the opinions of any individual attorney. Do contact an attorney for advice specific to your issue or problem.
Neha is responsible for developing and overseeing marketing strategy and brand identity at DCR. She and her team collaborate on marketing and sales strategies and product development for new initiatives.