Daily News

View All News

Singapore – Number of contingent workers on the rise but only one in ten businesses have policies for them (Singapore Business Review)

29 November 2019

The number of contingent workers in Singapore showed growth with contingent workers comprising 38% of the workforce in 2019, up from 8% in 2017, reports Singapore Business Review, citing data from survey data from KellyOCG Asia-Pacific. Contingent workers include freelancers, independent contractors, micropreneurs, small-business owners and temporary or contract workers. One in ten organisations in Singapore have processes and policies in place to manage the contingent workforce in the next six months. Meanwhile, the data showed that 12% of bosses said they have no plans to implement related policies soon. KellyOCG also showed that almost four in five or 78% of C-suite leaders in the city plans to include contingent workers in their talent pool. Seven in 10 believe that mid-level positions will see the most growth for contingent workers. Furthermore, 43% of C-suite leaders said that they engage in measures to integrate contingent workers into their workforce, like training. Over nine in 10 or 91% felt that some of their best talents were found through the contingent workforce.