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5 key ways freelancers help companies stay nimble

Strategic HR review, 2021-07, Vol.20 (2), p.38-41 [Peer Reviewed Journal]

Emerald Publishing Limited ;Emerald Publishing Limited 2021 ;ISSN: 1475-4398 ;EISSN: 1758-8537 ;DOI: 10.1108/SHR-10-2020-0087

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  • Title:
    5 key ways freelancers help companies stay nimble
  • Author: Solomon, Michael ; Blumberg, Rishon
  • Subjects: Cost reduction ; COVID-19 ; Engineers ; Freelance
  • Is Part Of: Strategic HR review, 2021-07, Vol.20 (2), p.38-41
  • Description: Purpose Why building out a fleet of freelance talent could be the reason some companies survive to see 2021, while their competitors do not. Design/methodology/approach Authors drew upon their experience as cofounders of 10x Management and their experience in the talent management field. Findings If you are not so sure if freelance talent could be game changing for your company, consider that experimentation is a key element of staying nimble. Companies tend to layoff staff, pause raises and scale back the office lease as initial reactions to reduce costs and stay lean. But the ones that do it the best go the extra mile. It is not just about cutting costs – rather, it is about doubling down on new (and old) ways to achieve peak performance in the face of uncertainty. Using freelancers can do just that. Research limitations/implications There are five number of ways in which freelance workers benefit a company, including speed, adaptability, cost, low commitment and remote expertise. Originality/value The findings will help companies stay nimble in the midst of crises such as the current pandemic.
  • Publisher: Bingley: Emerald Publishing Limited
  • Language: English
  • Identifier: ISSN: 1475-4398
    EISSN: 1758-8537
    DOI: 10.1108/SHR-10-2020-0087
  • Source: ProQuest Central
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