A Contingent Workforce consists of workers who are not permanent employees but are engaged on a temporary, freelance, or contract basis. These workers can be quickly scaled up or down based on the needs of the business, offering a flexible approach to staffing.
Imagine your company has won a large project that requires additional manpower for six months. Instead of hiring full-time employees, you could engage a contingent workforce to meet the project's demands. This allows you to scale your team efficiently without the long-term commitment of permanent staff.