LOS ANGELES, Feb. 10, 2022 /PRNewswire/ -- A new report
from Business Talent Group (BTG)—the leading talent platform for
independent management consultants, subject matter experts, project
managers, and interim executives, and a wholly owned subsidiary of
Heidrick & Struggles (Nasdaq: HSII)—reveals the results of the
most comprehensive study of workers at the top end of the on-demand
talent economy.
BTG's 2022 Talent Lens—based on a survey of more than 1,900
high-end independent talent—provides deep insights about the
mindset of highly skilled independent professionals as companies
increasingly rely on them for fast, flexible expertise and capacity
to fuel growth and capture fast-moving opportunities. Amid
widespread labor shortages and the Great Resignation, the
independent talent segment is growing quickly—increasing 34 percent
year over year in the U.S.—a trend that's expected to continue,
with 56% of non-freelancing professionals saying they're likely to
freelance in the future.
"Top talent—including talent that you can't find anywhere
else—are flocking to the independent market for professional
control: They want to choose whom they work with and what they work
on," said BTG Co-Founder and Co-CEO Jody Greenstone Miller. "As
business leaders feel the pinch of the tightening labor supply,
they increasingly see the benefits of harnessing innovative talent
solutions and tapping into the growing independent talent economy
for proven skills and capabilities that are invaluable to companies
of all sizes."
Among other findings, BTG's report highlights the primary
reasons that top talent choose to go independent and the factors
that most greatly influence their client and project
selections.
Key insights from the 2022 Talent Lens include:
- Overwhelmingly, talent seek professional control,
flexibility, and variety:
According to respondents, the top reasons to go independent include
picking their own projects (70%), the freedom to work from anywhere
(63%), and the variety of work available in the independent market
(62%).
- Talent satisfaction has rebounded:
After a dip in
satisfaction during the height of the pandemic, an overwhelming
majority of talent (83%) now say they are satisfied with full-time
independence—besting pre-pandemic satisfaction levels.
- Two factors influence project selection more than any
other:
With the most in-demand talent weighing multiple
opportunities simultaneously, 78% indicate that the type of work
drives project selection, and 63% say the daily rate was a leading
factor in their choice of engagements.
- Rates are on the rise:
Nearly four in ten talent (39%) reported higher daily rates in
2021, and 35% of independent talent enjoyed an increase in total
compensation compared to 2020. Overall, the self-reported median
daily rate for the high-end independent talent surveyed was
$1,200 in 2021.
- Most have no intention of going back to traditional
roles:
Less than half (43%) of independent talent say they
would consider returning to the traditional workforce, and the odds
decrease even further for elite, tenured independents. Among
respondents with four or more years of independent experience
beyond their successful traditional careers, 61% say they are
unlikely to return to permanent employment in the next 12
months.
To see the complete findings of BTG's research—including the
most common project types and clients served, what it takes to lure
top independents into traditional permanent roles, and the key
benefits companies realize by using independent talent—access the
full 2022 Talent Lens report at
https://businesstalentgroup.com/talent-lens.
About BTG
Business Talent Group (BTG) is the leading talent platform that
connects independent management consultants, subject matter
experts, project managers, and interim executives with the world's
best companies. BTG provides just the right on-demand talent
needed: remote or on-site, part-time or full-time, individuals or
teams, all around the world. That's why more than 50% of the F100
and hundreds of other leading companies trust BTG to curate, vet,
and compliantly deliver talent who fuel growth, innovation, and
performance improvement. BTG is a wholly owned subsidiary of
Heidrick & Struggles (Nasdaq: HSII).
For more information, visit businesstalentgroup.com and
join the conversation
on Twitter and LinkedIn.
CONTACT: Jennifer Napier,
jennifer.napier@businesstalentgroup.com
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SOURCE Business Talent Group