Staffing Industry Analysts (SIA) has a really interesting post on North American contingent workforce growth. For those not familiar with SIA, they are leading analyst firm covering the staffing industry.
The chart below from their article shows the growth in the percentage of the contingent workforce as share of total employment at firms with more than 1000 employees.
What makes it interesting is that according to our friends from the U.S. Census via the SBA, firms with 1,000 or more employees employ about 53 million Americans.
Which means over the last 7 years firms with more than 1000 employees have added about 2.7 million contingent workers. Since these firms employ only about 40% of all Americans, you have to assume the total increase in the contingent workforce is much larger than 2.7 million.
And this is a conservative estimate. A recent Aberdeen study showed that 26% of the corporate workforce is contingent.
The shift to contingent work is one of the most powerful and important workplace trends we follow. It's also the topic we spend the most time researching and the one we write the most about.
We'll have more on this topic later this summer when we release the 2nd Annual MBO State of Independence study results.