Climbing Out of the Pandemic Recession

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Climbing Out of the Pandemic Recession

As the post-COVID economic recovery gains steam, we at Brightfield are privileged to have front-row seats to the dramatic reshaping of contingent labor markets. Through our TDX platform, we get a steady flow of up-to-date data on contract labor transactions from across the U.S. and around the world—with all the associated detail on locations, work descriptions, suppliers, bill rates, markups, etc. We use this data and our proprietary analytical tools to help companies better manage their extended workforce. In this edition of our Extended Workforce Intelligence Report, we examine a variety of new findings including:

• There are now 33% more contingent workers on the job than before COVID
• High demand is pushing up bill rates for specific IT, healthcare, and light industrial roles
• Companies are paying 32% to 72% more than their competitors for the same work, because companies are not keeping up with shifting local labor markets