Whitepapers and Factsheets

The Extended Workforce

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Extended Workforce The New Workforce The New Workforce Speed & Flexibility By bringing in talent when required, who can hit the ground running, organizations can save time and money to stay ahead of the competition. Businesses can tap into the extended workforce to scale teams up and down quickly and efficiently to meet shifts in demand. No Geographical Constraints The extended workforce is remote, global and borderless, providing opportunities for organizations to match talent to initiatives, without being impacted by geographical constraints. Wider Talent Pools Organizations can gain access to a much broader range of skills and expertise that may be inaccessible in their existing talent pools, augmenting current teams with a dynamic workforce to meet any challenge. Organizations are unlocking the power of the extended workforce to change how critical work gets done. What is changing? Over the last few years, companies have completely changed their perception, and utilization of, the extended workforce. What has traditionally been viewed as a low-skilled disposable workforce has evolved to become a critical component of workforce strategy. Maximising the potential of the extended workforce is now considered critical for achieving key competitive capabilities – agility in the face of market volatility and shifting demands, as well as access to highly skilled talent. What is the extended workforce? The extended workforce is a global workforce of outside contractors, consultants, outsourcing partners, vendors, alumni, strategic partners, freelancers and other non-traditional workers – available to lend their skills and knowledge to organizations building the dynamic workforce necessary to drive growth and respond to business challenges. 75% of business leaders agree that the ability to quickly and flexibly adjust to changing demands is the number one advantage of adopting an extended workforce model. A number of organizations are also looking to replace the traditional boom-bust cycle and fluctuating headcounts with a journey towards sustained profitability that incorporates a stable and scalable workforce. Businesses are therefore intent on consolidating new models of deploying talent, with many maintaining a reduced core of permanent employees, supported by proven business talent that can be easily brought on and rolled off. As the fixed organisation chart becomes obsolete, the elastic, rapidly upskilled extended workforce has taken over. Mixing every kind of talent, from full-time to project-based, from on-site to remote, delivers a more agile approach towards delivering on business initiatives. Aligning the workforce to business objectives, teams using an extended workforce are now being created and deployed rapidly to get work done. Project Team E

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