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Benchmarks: Contingent work value

CWS 3.0 - Contingent Workforce Strategies

Benchmarks: Contingent work value

SIA Editorial Staff
| October 19, 2022
Data scientists. Male programmer using laptop analyzing and developing in various information on futuristic virtual interface screen. Algorithm. marketing and deep learning of artificial intelligence

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Excluding statement-of-work arrangements and work conducted through platforms, the global contingent market was estimated to be $4.55 trillion in 2021, according to SIA. Temporary workers sourced through staffing firms comprise $527.5 billion in spend, while companies spend $2.98 trillion on independent contractors globally in 2021. Temp workers sourced directly generated $1.04 trillion in spend - which includes their pay plus statutory expenses.

Source: The Global Gig Economy 2022