The Contingent Workforce Index (CWI) measures how easy it is for countries around the world to sustain a contingent workforce. This includes sourcing, hiring, and retaining contingent workers. The CWI measures several metrics in each country including availability of a contingent workforce, and the cost efficiency, regulation, and potential productivity of that workforce. In other words, it tells employers in a given country how easy it is to employ a contract worker, and the quality of that worker.
The results of the CWI can help employers plan their contingent workforce needs so that they can focus on their corporate strategy during this flat hiring climate. Employers can use this report to determine which areas of their organization can rely on contingent labour to cut costs. Canada is ranked second in the Americas region and third globally. Please read the complete report here.
Canada encourages higher education, meaning that a large part of the Canadian contingent workforce is skilled, educated, and has a high level of English proficiency. Although Canada is relatively expensive to employ a contingent workforce, the quality of the workers and minimal regulatory restrictions make Canada an attractive location to develop a contingent workforce. With the majority of labour laws developed at the provincial level, employers have the opportunity to develop regional strategies to best suit their business needs.
In this time of uncertainty, a contingent workforce is a valuable component of a business’ overall strategy to cut costs and save money. Canada is a great place to be to start building a skilled and qualified contingent workforce.