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The Evolution of Workforce as a service

OnForce The Evolution of Workforce-as-a-Service Welcome to the Workforce-as-a-Service (WaaS) era. 1099 employees are on the rise and thriving being their own boss. Businesses are tapping into the short-term workforce as a way to lower costs and maximize productivity. Fueled by the Sharing Economy, Fortune 1000 companies will spend $1.5B on Waas this year. 1st Generation Workforce Industrial Revolution Technology advances – steam engines, electricity, cars, TV and so on transform the economy, almost every industry and society as a whole. of workforce is manual labor. Employers offer healthcare as recruiting tool during WWII economy. 80 Digital - Revolution Share 2nd smartphone Generation outsourcing Workforce e-marketplace RSS Wifi The one-to-many Web 1.0 gave way to the many-to-many social media phase. Web 2.0 enables individuals to more easily connect with each other. social Like networking collaboration Knowledge workers outnumber all other workers by Direct replacement costs of employer turnover: 150% of salary Climbs to 200% for IT pros. 4:1 The Sharing Economy 3rd Generation Workforce A new economy is emerging that is redefining market relationships and driving innovative labor management models and ecosystems. 7.4% ) 50% of Fortune 1000 to drop employee healthcare coverage by 2017 Unemployment 50% Self-employed grows from 1.3M in 2001 to 10.6M in 2012. $3.5B Sharing economy %24 Generation 4th Workforce Workforce-as-a-Service 43% 60% of IT field service techs willingly joined the independent workforce of jobs on Dice.com are contract positions Companies can save 20%-60% on labor costs by tapping into an established online services platform that provides ready access to experienced independent contractors, on demand. 2020 50% of the American workforce will be independent workersby the year 2020. while companies continue to engage labor resources in new ways that maximize efficiencies and lower costs IT pros Others

The Evolution of Workforce as a service

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The Evolution of Workforce as a service for IT Companies....

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