The need for contractors tends to spike in a downturn because companies are laying off full time employees and still need specific skill sets while at the same time cutting costs. However, the labour market is still considered tight with low unemployment, coupled with the Baby Boomer generation reaching retirement age which shrinks the labour pool, but people with in-demand skills have options.
The Global News article “Here’s what a recession could mean for gig workers in 2023” warns that this coming recession is different from previous ones and it is hard to predict how deep it will go.
Companies wanting to reduce their risks should look to contract professionals for building out their workforce during unsettling times. Contract professionals offer in-demand skills and can be contracted for specific needs and time frames with options of extending contracts when needed. Having a flexible workforce means that companies can meet demands and pivot to change during uncertain times.
Companies wanting to scale their workforce need an affordable and manageable business model that works for them and is capable of meeting their needs.
Curasion offers direct access to top talent with transparent rates and availability, and over 350 talent pools.