Why The Chief Procurement Officer Needs To Care About The Freelance Boom

There is no mistake about it, there are more freelancers, independent contractors and solopreneurs than ever before. Studies project that freelancers will make up north of 40% of the U.S. workforce by the year 2020. (1)

Historically the Chief Procurement Officer (CPO), purchasing departments and finance teams have had limited exposure to the contingent workforce. Decisions to tap into the freelance space have been pushed down into departmental operational budgets or treated as ad hoc and tactical extra help.

CPO teams and departments will easily acknowledge the economic advantages of the freelance workforce when presented with the data. During the last 15 years or so five shifts spanning economics, demographics, technology advancement and the growth of the passion culture have spurred the growth in the freelance and contingent workforce. (2)

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