The North America Contingent Workforce Management Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).
A contractor refurbishing the conference room may not need any onboarding, unlike seasonal and other temporary workers operating in a retail or office setting. While the onboarding process for seasonal employees will differ from that of a typical employee, they still need to understand the fundamentals, such as who to contact with inquiries, when payments are made, how to access their calendar, what is expected of them in their position, etc.
Depending on the business and industry, several contingent workers, including contractors, may be required to complete compliance chores or paperwork. Each employee may quickly get up to speed fast with a self-guided path. Even while some contingent employees might not need training, for those who need it, getting them the proper training and having the right tools to manage them well are essential. Supervisors require access to flexible scheduling alternatives to accommodate contingent workers who have more erratic availability or who need to split shifts.
Strong support is required for hourly temporary employees to keep track of their schedules, breaks, and holiday compensation. Organizations may now respond to a new workplace requirement by offering on-demand pay solutions, like getting paid for time spent ahead of the pay cycle. Another essential issue to think about is safety. All workers must have access to health and safety reporting to ensure a safe workplace.
Canada has a thriving domestic technology industry. More than 43,200 companies work in the Canadian information and communications technology (ICT) sector. The software and computer services sectors employ the vast majority. Most of the sector's businesses are small, with about 35,500 of them employing less than ten people. Around 100 significant businesses, including subsidiaries of overseas multinational organizations, employ more than 500 people. The ever-growing ICT sector, combined with the government's ongoing initiatives for its enhancement, will increase the requirement for workforce requirement and thereby propel the contingent workforce management market's growth in the region.
The US market dominated the North America Contingent Workforce Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $81,739.5 Billion by 2028. The Canada market is poised to grow at a CAGR of 12% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11% during (2022 - 2028).
Based on Type, the market is segmented into Flexible Staffing and Permanent Staffing. Based on Industry, the market is segmented into Healthcare, Retail Trade, Manufacturing & Automotive, BFSI, Government & Public Sector, Telecom & IT, Business/Professional Service, Pharma/biotech/medical equipment, Real Estate & Rental Leasing, Transportation & Logistics and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Contingent Workforce Management Market is Estimated to reach $325.7 Billion by 2028, at a CAGR of 10.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Coupa Software, Inc., Ramco Systems Limited, Avature Limited, Beeline (New Mount Capital), The Bowen Group, CXC Global, Zeel Solutions Ltd., and Magnit (EQT AB).
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