Navigating Economic Uncertainty: Insights from HR Professionals on Contingent Workforce Planning Strategies

Amid the current economic uncertainties, companies are adapting their workforce planning strategies. A recent study, backed by Instant Impact, sought to gather insights from HR professionals on their perspectives on the economy and how instability may impact their hiring strategies and utilization of contingent workers.

The survey results revealed that over half of the participants perceived the current economic landscape as challenging. As a result, they anticipated only modest growth in their workforce in 2024. Moreover, it was found that two-thirds of those surveyed were influenced by economic predictions when making decisions related to staffing levels.

To better understand how organizations are managing their workforce during economic uncertainties, businesses can look to the full report for valuable insights. By staying informed about proactive workforce management practices, companies can prepare themselves for economic fluctuations and maintain competitiveness in the market. The report was published on April 17, 2024.