#United States #New York #Deloitte #Talent Management #Extended Workforce

Transforming Contingent Talent Management with Deloitte's Extended Workforce Solutions

In an era where the workforce is rapidly evolving, companies face significant challenges in managing a diverse array of talent. In response to these demands, Deloitte has launched its latest initiative, the Extended Workforce Solutions (EWS), a comprehensive framework designed to address the complexities of contingent workforce management.

Understanding the Catalyst behind EWS

Organizations today find themselves increasingly reliant on various forms of employment, including full-time employees, temporary staff, contractors, statement of work (SOW) providers, and gig workers. A startling trend indicates that contingent workers may soon outnumber traditional employees in the U.S. workforce. Research by Deloitte highlights that an astounding 55% of workers indicate they are likely to switch between different employment models during their careers, thereby necessitating an agile and efficient solution for managing talent.

As Jonathan Pearce, Deloitte’s U.S. Insights, Innovation, and Operate leader notes, "Organizations today are grappling with the challenge of effectively managing an evolving workforce. Our solution addresses these challenges by providing the support and tools needed to integrate and manage talent effectively, enabling every individual to contribute to their fullest potential and thrive within the organization."

The EWS Offering

The EWS suite incorporates robust advisory services that not only help businesses define their contingent talent strategy but also provide essential technology and sourcing solutions. The comprehensive offering aims to deliver improved visibility into an organization’s entire workforce, allowing clients to manage their internal and external talent seamlessly.

Norah Nicholls, the leader of Deloitte's Extended Workforce Solutions, emphasizes the importance of their technology in streamlining compliance and governance. "Managing an extended workforce while reducing risks and ensuring compliance is a significant challenge for many organizations. By utilizing advanced technologies and data-driven insights, we help clients achieve greater transparency and control over their workforce, which can lead to improved operational efficiency,” she explains.

Key Benefits of EWS

1. Customizable and Cost-Effective Solutions: The EWS framework allows organizations to tailor strategies and technological solutions that adapt to market demands and align with their business objectives. This adaptability promotes cost-efficiency, quality improvement, and better return on investment (ROI).

2. Optimizing Contingent Workforce Programs: EWS enables organizations to enhance their operating metrics, whether managing their own workforce programs or collaborating with third-party vendors. Companies can quickly gain access to specialized skills whenever needed, without long-term commitments, making it an ideal model for scalable operations.

3. Risk Mitigation and Governance Improvements: Organizations can apply comprehensive strategies that help mitigate risks associated with their extended workforce. By effectively addressing issues such as resource misclassification and ensuring governance in supplier relationships, they can maintain control over program performance indicators and costs.

4. Unified Talent Vision for Integrated Strategy: Through the EWS framework, businesses can align their talent management processes with broader business goals. By integrating their extended workforce into the overall talent strategy, they enhance their operational efficiency and better position themselves in the marketplace.

The Future of Work is Here

As workplace dynamics shift towards the need for more flexible workforce arrangements, innovative solutions like Deloitte's EWS are becoming vital for organizations looking to thrive. John Winsor, a prominent advisor on the future of work, notes, "Talent wants to work differently, and Deloitte has been one of the real innovators in adopting new flexible talent models. By developing a more unified workforce strategy that includes both full-time and contingent workers, Deloitte helps organizations solve the critical challenge of finding highly sought-after talent."

With these robust Extended Workforce Solutions, Deloitte is pioneering the way organizations can approach talent management, ensuring they remain compliant and efficient in a rapidly changing work environment.

For further information about Deloitte’s Extended Workforce Solutions, visit Deloitte's website.

About Deloitte

Deloitte stands as a global leader in audit, consulting, tax, and advisory services, working with a remarkable 90% of the Fortune 500® companies. For more than 180 years, Deloitte has delivered high-quality services to clients in over 150 countries, demonstrating a longstanding commitment to creating impactful solutions designed to tackle complex business challenges and promote sustainable growth.