Strong Desire for Professional Independence by U.S. Workers Challenges Corporate Workforce Strategies; Global Study Reveals Inde
October 27 2005 - 6:00AM
Business Wire
While independent professionals do not receive many of the direct
benefits of typical employment, a new study finds them to be
consistently happier and better compensated than their counterparts
in full-time positions. The rapid growth of the "IPro" workforce
creates new challenges and opportunities for American business,
according to Hudson, the company that conducted the survey, and one
of the world's leading recruitment, outsourcing and HR consulting
firms. The Lure of Autonomy: A Global Study of Professional Workers
finds that unlike full-time professionals, IPros are not as
motivated by traditional perks such as employment security,
retirement benefits and paid vacations. These workers, who are
generally slightly older and more experienced, are considerably
more likely to value their workplace autonomy. While 86 percent of
these workers were engaged in full-time employment with
corporations before they became independent, it has been seven
years since the typical IPro held a corporate job. The two groups,
however, attach relatively similar levels of importance to
achieving a high level of competence and knowledge, work-life
balance, interesting work and compensation. "This study is a
serious wake-up call for employers because it suggests that they
must fundamentally rethink the way they manage their workforce
given the changes that are taking place," said Jon Chait, chairman
and chief executive officer, Hudson Highland Group, Inc. "Smart
employers are not only focusing on their full-time employees, but
developing strategies to relate to and manage highly skilled
professionals who are not under their direct control." When asked
about their satisfaction levels in their current job situation,
full-timers in the U.S give the highest scores to paid vacation and
the lowest to dealing with office politics. Polling also reveals
that they report very low satisfaction on the attribute of
employment security, which they rate as one of the most important
to them. IPros generally cite greater satisfaction than their
full-time counterparts with the type of work they do, the people
with whom they work, their employer and the industry in which they
work. Lack of paid vacation and retirement benefits are attributes
with which IPros are least satisfied. The job aspects that
full-time professionals would most like to change include working
fewer hours and having a more flexible schedule, while IPros cite
the peaks and valleys of too much work, the need to market
themselves while working on a project and the lack of a regular
paycheck as their most serious challenges. "Independent
professionals are a cross-generational phenomenon that will play an
increasingly critical role in the evolution of the U.S. workforce,"
said Robert Morgan, chief operating officer, Hudson Talent
Management in North America. "This segment of non-traditional
employees is fast approaching 10 percent of the total workforce and
is expected to show continued strong growth in future years as
millions of experienced, highly skilled professionals choose to
work for themselves, either part- or full-time." More information
and an executive summary about the study are available at
www.hudson-index.com. About the study "The Lure of Autonomy: A
Global Study of Professional Workers", commissioned by Hudson
Highland Group, Inc., surveyed well-educated and highly paid
workers to compare what full-time professionals (FTPs) and
independent professionals (IPros) want from their work experience
and how well their current job situation satisfies them. The study,
conducted from July through September 2005, looked at three regions
of the world: the United States, Europe (Belgium, France, Germany,
the Netherlands, and the United Kingdom) and Australia. With
Richard Day Research, the company developed a Web-based survey that
interviewed a total of 2,168 participants. The distribution by
country was: -0- *T United States 1,012 Australia 197 Belgium 150
France 201 Germany 202 Netherlands 201 United Kingdom 205 *T The
survey interviewed professionals in accounting/finance, legal, IT,
sales/marketing and HR functions. Participants were screened
according to individual (top ten percent in their country),
educational level (at least a four-year college degree) and
employer (for-profit companies). The pay received for professional
work had to account for at least 50 percent of any participant's
income. For the purposes of the study, an independent professional
was defined as "one who provides professional services to various
for-profit companies as needed and based on availability." To
qualify as full-time, a respondent had to be "a full-time
professional employee of a for-profit company that has at least 50
full-time professionals on staff." The final pool of
participants--overall and in each country--was deliberately split
about equally between the two groups. While most professionals have
access to computers, because this survey was web-based, not every
professional in each country had an equal chance to be selected. As
a result, traditional assumptions about a random sample poll did
not apply. However, there was remarkable consistency in responses
across the countries covered. About Hudson Hudson (www.hudson.com)
delivers specialized professional staffing, outsourcing and human
capital solutions worldwide. From single placements to total
solutions, the firm helps clients achieve greater organizational
performance by assessing, recruiting, developing and engaging the
best and brightest people for their businesses. Hudson is a
division of Hudson Highland Group, Inc. (NASDAQ:HHGP), one of the
world's leading professional staffing, retained executive search
and human capital solution providers. The company employs
approximately 3,800 employees in nearly 30 countries through its
Hudson and Highland Partners businesses. More information about
Hudson Highland Group is available at www.hhgroup.com.
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