Forbes on Nostr: The Freelance Economy Is Consolidating: Here’s What You Need To Know. ========== ...
The Freelance Economy Is Consolidating: Here’s What You Need To Know.
==========
The freelance economy is experiencing consolidation as staffing leader Randstad acquires AI-powered digital talent marketplace platform Torc. The number of freelancers in the US has grown, with 4.6 million individuals making a viable salary of over $100,000. However, corporate adoption of freelance talent has lagged behind, despite 65% of executives planning to increase reliance on external workers. Consolidation is seen as a potential shortcut to normalizing freelance hiring, as it combines the innovation of freelance with the trusted relationships and compliance solutions of the existing talent ecosystem. The talent space is ripe for disruption, with 75% of global companies struggling to fill talent needs. Freelance talent platforms have the solution, but companies are struggling to adapt. Consolidation can merge the trust and relationships of traditional talent solutions with the innovation of freelance talent platforms. The freelance economy is now in the bundling stage of industry maturity, with Randstad and Torc aiming to meet the talent shortage with remote freelance talent while ensuring a safe, compliant, and seamless enterprise experience. Consolidation in the freelance economy is happening through partnerships, larger platforms acquiring smaller platforms, strategic investments, and traditional firms acquiring talent marketplace startups. Existing talent companies are warned that if they don't acquire one of these companies, a competitor will. The freelance economy will continue to see disruptors carve out market share, and consolidation is seen as the way forward.
#FreelanceEconomy #Consolidation #Randstad #Torc #TalentEcosystem #CorporateAdoption #Innovation #Trust #Compliance #Partnerships #Acquisitions #StrategicInvestments
https://www.forbes.com/sites/matthewmottola/2024/06/25/the-freelance-economy-is-consolidating-heres-what-you-need-to-know/
==========
The freelance economy is experiencing consolidation as staffing leader Randstad acquires AI-powered digital talent marketplace platform Torc. The number of freelancers in the US has grown, with 4.6 million individuals making a viable salary of over $100,000. However, corporate adoption of freelance talent has lagged behind, despite 65% of executives planning to increase reliance on external workers. Consolidation is seen as a potential shortcut to normalizing freelance hiring, as it combines the innovation of freelance with the trusted relationships and compliance solutions of the existing talent ecosystem. The talent space is ripe for disruption, with 75% of global companies struggling to fill talent needs. Freelance talent platforms have the solution, but companies are struggling to adapt. Consolidation can merge the trust and relationships of traditional talent solutions with the innovation of freelance talent platforms. The freelance economy is now in the bundling stage of industry maturity, with Randstad and Torc aiming to meet the talent shortage with remote freelance talent while ensuring a safe, compliant, and seamless enterprise experience. Consolidation in the freelance economy is happening through partnerships, larger platforms acquiring smaller platforms, strategic investments, and traditional firms acquiring talent marketplace startups. Existing talent companies are warned that if they don't acquire one of these companies, a competitor will. The freelance economy will continue to see disruptors carve out market share, and consolidation is seen as the way forward.
#FreelanceEconomy #Consolidation #Randstad #Torc #TalentEcosystem #CorporateAdoption #Innovation #Trust #Compliance #Partnerships #Acquisitions #StrategicInvestments
https://www.forbes.com/sites/matthewmottola/2024/06/25/the-freelance-economy-is-consolidating-heres-what-you-need-to-know/