The global human capital consulting and services firm Mercer recently released their annual Global Talent Trends study.
For the 2019 edition of this study, they surveyed over 7,300 business executives, HR leaders, and employees from around the world on a variety of talent and HR issues.
The major finding is 73% of the executives surveyed expect their industry will experience significant disruption over the next 3 years.
The study chart below (click to enlarge) summarizes the main sources of disruption by industry.
Despite this view that disruption is coming, most of the executives surveyed are optimistic about their firm's prospects - 4 out of 5 believe their company can lead their industry's disruption.
The rest of the study findings reflect this thinking about industry disruption.
They show firms and executives are working to increase their business and talent agility and flexibility so they can quickly respond to change.
Not surprisingly, this includes the increased use of contingent labor.
What is a bit surprising is the extent to which the executives expect to increase their use contingent labor.
Key quote:
"... 79% of executives expect that contingent and freelance worker will substantially replace full-time employees in the coming years ..."
Substantially replacing full-time employees seems unlikely to us, at least over the next decade.
But we certainly agree the use of contingent labor by corporations will increase, which means more opportunity for independent workers.
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