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Building Agility with a Contingent Workforce

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pool landscape better. Recruitment agencies bring speed and efficiency to the talent acquisition process and free up companies' Human Resources and other internal teams to focus on their core competencies. The Contingent Workforce forms a core part of the fast- growing Gig Economy that continues to reshape the world of work. Many contingent workers are now highly skilled in specialised areas, where they are increasingly seen by businesses as part of the mainstream workforce, and not secondary to full-timers. The talent crunch has prompted a changing mindset across the business landscape. Our survey reports that Asia Pacific companies are most likely to offer the same or better rewards to attract the right talent for long-term assignments. In summary, our findings clearly show that the Contingent Workforce will play an even more critical role for businesses in the way forward. To succeed in this fast-evolving landscape, companies need to be ready to adapt quickly and have a robust Contingent Workforce strategy in place. Asia Pacific markets that are high adopters of Contingent Workforce solutions to solve their headcount shortages The 4 primary reasons for adopting a Contingent Workforce in Asia Pacific: Offers flexibility to workforce planning Fills roles without disrupting operations Brings in specific skills on short-term/project basis, (from a few months to 1-2 years) Allows time for evaluation prior to hiring permanently Indonesia (67%) Hong Kong (66%) Singapore (60%) Malaysia (64%) 2022 APAC WORKFORCE INSIGHTS | 4

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