Contingent workers offer employers flexibility,which is important in an unstable economy.

Question

Quizplus · Accepted Answer

Contingent workers are the human equivalents of just-in-time inventory.These disposable workers permit maximum flexibility for the employer and lower labor costs.Historically,contingent workers have been called the bookends of recessions.They are the first to go when a recession begins and the last to be recalled when the economy gets better.However,toward the end of the recent recession,many companies were reversing this trend and following the strategy of holding off on the hiring of regular full-time employees and choosing instead to use contingent workers.Companies are now using contingent workers as a continuing strategy in both good and bad times.

Contingent Workers Offer Employers Flexibility,which Is Important in an Unstable