Intelligence Report

Extended Workforce Intelligence Report December 2021

It’s Getting Much Harder to Find Contingent Workers: An Analysis of Key Trends and How Some Companies are Having Success

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Extended Workforce Intelligence Report December 2021

Increasingly reliant on contract labor, companies are struggling to get contract workers as quickly as they are needed. Over the past 12 months, the average time required to find, vet, and start a contingent worker in the U.S. has increased by 41%. These lengthening timelines are having serious repercussions on businesses: operations cannot expand with demand, employees are being stretched without support, and key project deadlines are being missed. This edition of the Extended Workforce Intelligence Report looks at how and where these timelines are shifting the most [see How Was This Data Analysis Completed?]. In addition, the report examines how some companies are actively diagnosing and improving their speed to get contingent workers on the job. Interestingly, it is often not by increasing bill rates. Our analysis shows that in many situations there is no correlation between the bill rate paid and the speed to find a contingent worker.