Work flexibility galore, benefits packages stretched, and expensive worker perks that make any CFO nervous have become workplace realities to ensure talent acquisition and retention goals are fulfilled.  Even with the fulfilled wishes of most people leaders, talent sourcing is still a costly and lengthy challenge according to hiring managers.

Upwork (NASDAQ: UPWK) released its 2022 “Future Workforce Report with workforce data from over 1,000 U.S. hiring managers.  These hiring managers reported that 60% cite talent sourcing challenges finding quality candidates to fill open positions all while 69% say they anticipate staffing up over the next six months.  Additionally, these hiring managers will engage freelance talent at 80% over the next six months and 58% over the next two years to bridge the gap.  

“Businesses that engage independent talent are already seeing the benefits of embracing a more adaptable strategy,” said Tony Buffum, VP of HR client strategy, Upwork. “Our research shows that not only are they more optimistic about the difficult hiring landscape, but they also feel more confident in their company’s ability to respond to disruption, be it economic, geopolitical, or other global market forces. That’s why we are seeing companies increasingly rely on more modern, flexible pools of talent.”

Tony Buffum, VP of HR client strategy, Upwork
Tony Buffum, VP of HR client strategy, Upwork

CareerBuilder (NASDAQ: CBDR)recently published survey results from their latest Harris Poll survey detailing that 52% of workers are content in their roles and not actively job searching whereas 23% of Gen Z, 24% of Millennials and 14% of Gen X among those actively looking for a new job.  This signals talent sourcing overall is limited to a candidate pool that is simply not engaged.

On average, the data shows that a quarter of employed adults have been at their company for three to five years with about one in 10 employees (9%) who have been working at their current company for less than a year, 22% at their company for one to two years, and 20% for six to 10 years.

Kristin Kelley, Chief Marketing Officer at CareerBuilder
Kristin Kelley, Chief Marketing Officer at CareerBuilder

“With these new survey results, we see that one out of five employees have been at their company for six to 10 years indicating that workers value loyalty and a healthy work culture,” said Kristin Kelley, Chief Marketing Officer at CareerBuilder. “As employers, we strive to keep our teams motivated and happy. This new data helps inform and open the lines of communication, so employers can meet folks where they are, providing an ideal environment that allows everyone to prioritize wellness, flexibility and work-life balance.”

Lou Calamaras, CIR, CCWP

Lou founded ContingentWorkforce.com in 2021 with the intention to bring global attention and innovation coverage to the Contingent Workforce sector. Spending the first decade of his career focused on niche B2B digital media production, Lou transitioned into talent acquisition through Executive Recruiting, RPO candidate sourcing (AIRS Certified Internet Recruiter), RPO high-volume operations support, and global Contingent Workforce management (Certified Contingent Workforce Professional Certificate). Lou’s career provided experience under multiple workforce classifications, whether as a contractor, sole proprietor, business owner, or employee. Lou lives in the Chicagoland area, where he is active in several local communities. When not working you’ll find him excited to spend fun times with his wife and rough-housing with his two boys. If you are interested in how the audience of ContingentWorkforce.com can help your organization, please send Lou a message. Lou@ContingentWorkforce.com