CXC Global Asia

Contingent Workforce growth and forecasting in Asia

Asia is following the trend of using contingent workers from the US, Europe and Australia. Asia is currently perhaps 10 years behind – but catching up quickly.

The U.S. Government Accountability Office states that 40.4% of the U.S. workforce is classified as contingent workers.

U.S.-Workforce

Source: Contingent Workforce: Size, Characteristics, Earnings, and Benefits 

Currently about a quarter of the workforce in Asia is hired on a contract basis. This is expected to grow by 10% over the next 2 years.

Growing-Contingent-Workforce-in-Asia_1

As the APAC countries increase their presence on the world economic stage, skilled labor shortages will continue to drive the increasing trend toward contingent workforce utilization.

Growing-Contingent-Workforce-in-Asia

Source: In March 2015, CXC Global commissioned a third party research project on the key drivers for Contingent Workforce adoption in Asia.

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