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a.k.a. contingent workforce/insourced workers
--> as and when they are needed
Labor costs through "Flexible" workforce
eg. Walmart, Tesco
- Motivated and productive because they are well paid.
- Have a high level of job security
- Are very important
- The first leaf is made up of full-time workers
- They are important for the operations, survival, and growth of the business
- In teleworking and e-commerce, core management is becoming smaller
Individuals and businesses that are not employed by the organization, but are paid to complete certain tasks; external help.
a.k.a. contractual fringe
eg. Managers and technicians
e.g. Marketing agencies can be hired to produce a slogan or logo
e.g. Freelance workers, subcontractors, self-employed
By: Alexis, Katrina and Betty
Pros: + Able to develop two or more careers (portfolio working)
+ Flexibility for company
Cons: - Suffer from lack of job security
Pros:
+ Lower training/operating costs
+ Increased quality
Cons:
- Loss of control
- Security issue
- Employees feel threatened