Glossary
Contingent Workforce

Contingent Workforce

Oct 3, 2024
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[kənˈtɪndʒənt ˈwɜrkfɔrs]

A labor pool consisting of people who work for an organization on a non-permanent basis.

A contingent workforce consists of freelancers, independent contractors, and consultants who are not on the company's payroll because they are not employees of the organization. These workers are typically hired for specific projects, tasks, or periods, providing businesses with flexibility and the ability to scale their workforce according to demand without the long-term commitment of permanent employees.

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