It seems an insurmountable challenge, but the answer is simpler than anyone is willing to admit. The era of flexible work is dawning, and businesses must get on board or risk being left behind.Rarely, in life, is there a simple fix. However, embracing the evolution of work toward flexible arrangements yields a rare opportunity to truly kill two birds with one stone: the talent shortage and budget reduction.
In today’s economic climate, flexibility is key. As business leaders look to reduce budgets, prioritizing teams on shorter, more flexible contracts provides a respite from rising costs while streamlining operations to build more efficient organizations. That means leaders can get back to what matters most to them: running their business.
The benefits of expanding companies’ extended workforces to both workers and employers are clear. Still, most enterprises are leaving that money on the table. Why? Because they can only see that return when these workers are properly managed. To date, that’s been a complicated task — but not anymore.Magnit™ is the answer businesses interested in boosting their use of more flexible labor arrangements have been waiting for.
Most businesses don’t realize that the big cost of the freelance work they’re already contracting isn’t the talent. It’s the agency’s markup, which is usually in the neighborhood of 40%. Magnit’s technology-led, services-enabled, and data-driven design empower businesses across industries to engage talent on their own terms, saving money and improving the quality of candidates in the process. The Magnit platform includes:Access to Magnit’s experienced managed service provider team.
As the face of the workforce continues to change, investments in technology that enable flexibility and agility will make the difference between businesses that merely tread water and those that excel in the market. With the move toward more flexible work arrangements seemingly inevitable, Magnit will be there, as it has been for decades, helping businesses optimize their labor to meet the needs of the moment and paving the way for whatever the evolution of work brings next.
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