Businesses now face massive challenges adapting to this new digital economy as technology changes businesses forever. Delivering the people, process and cultural change needed to facilitate wide scale digital transformation is therefore more essential than ever.
This requires a new generation of talent experienced in STEM skills, but we are witnessing a paradigm shift in the way this highly skilled pool of workers is operating. A move away from traditional models of employment is causing an unprecedented number of professionals to transition to freelance. The rise of digital marketplaces, a societal change towards short-term jobs and self-employment, combined with exploding skills gap, are coming together like a perfect storm to create a radical shift in the way the STEM skills base wants to work.
According to the Office for National Statistics, the number of professional freelance consultants increased by 25% between 2011 and 2015. In sectors such as technology, it reports a 75% growth in the number of freelance consultants as a percentage of the total IT workforce – an unparalleled rise.
This talent is no longer choosing to work on a permanent basis or for consultancies – so what does the rise of the freelance economy mean for you? It’s time to take advantage of this shift and leverage the contingent workforce of the future. Here are a few places to start: