How Can Procurement Leaders Harness the Gig Economy?

May 25, 2017 Leah Hoffmann

harness the gig economy procurement

Procurement executives have many responsibilities and priorities. Why is it so critical for them to add the gig economy to that list, and make it a part of their professional services sourcing strategy?

It’s a question that Business Talent Group’s EVP Sandra Pinnavaia took on recently with Principal Laura Klein, in a webinar hosted by Procurement Leaders. Over the past decade, a new category has emerged, neither consulting nor contingent labor. At BTG, we call it on-demand business talent: highly skilled independent professionals with very specific expertise who can tackle, alone or in teams, important strategy and operations projects.

By building professional services sourcing strategies that incorporate the gig economy, procurement can deliver real value to their organizations by:

  • Improving consulting. In many cases, traditional firm solutions can be “overkill” for the work that’s really needed. And they often under-deliver in terms of action and implementation. On-demand business talent delivers better consulting for less by powering new types of solutions that bring more expertise and a more aligned approach to each project… leading to better outcomes without the overhead of a big firm.
  • Immediate talent resourcing. The second major value the gig economy creates is nearly instant access to scarce, highly-skilled talent. This opens a whole new world up to companies that need to move faster and more nimbly. Though talent acquisition has historically been an HR responsibility, it will soon be important that all parts of the business—including procurement—align to facilitate on-demand resourcing. Why? Because hiring top talent is only going to get more difficult, and more time-intensive.

Watch the webinar to learn more—and discover five steps to take now to make the harness the gig economy for your organizations.

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About the Author

Leah Hoffmann

Leah Hoffmann is BTG's Content Strategist. A former journalist, Leah worked for Forbes.com and The Economist before joining BTG. She is passionate about clear thinking, sharp writing, and strong points of view.

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