contingent definition

Posted by raviteja on January 31st, 2019

In today’s On-Demand Economy (ODE) the term “contingent worker”, “workforce” or “contractor” are common terms to hear in a workplace or see in a job posting. This terminology refers to temporary employees within the corporate world. Just like a subcontractor may be hired to complete a maintenance or repair problems, these contingent workforces are commonly hired to complete a specific project. It is also known as contingent work.

Businesses can hire contingent workforces at Field Engineer. We are a platform that is uniquely designed for organizations to find skilled freelance labor who can work on an hourly basis. With over 35,000 freelance engineers from 170 countries across the globe, it is a platform where businesses can have options for highly skilled technicians. With Field Engineer it is an easy process to hire a technician with specific skills and certifications that suit his requirement. FE also gives an option to work remotely which proves to be cost-effective for both the parties.

Known as independent contractors, contractors, temporary workers,  or consultants, the contingent workforce differs from regular employees. They are not true employees of a company. Often hired through staffing agencies, they can be hired directly by the company.

The U.S. Department of Labor defines contingent employment as independent contractors in a Global Freelance Marketplace. In an on-demand, freelance marketplace contingent workers are independent contractors, consultants, or other outsourced and non-permanent workers hired on a project basis. Contingent employment is considered the best freelance platform as you can see huge growth in terms of monetary benefits as well as career growth.

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