The report highlights the increasing trend of contingent workforce in organizations, with 30% of Fortune 100 workforce becoming contingent by 2015 and 50% of Fortune 500 workforce expected to be contingent by 2020. This shift towards a more flexible and diverse workforce requires organizations to manage talent in a more holistic way, leading to the need for Total Talent Management (TTM). The report discusses the role of procurement in successfully implementing TTM and optimizing the company's spend on acquiring, managing, and retaining human resources. The global temp labor market is expected to grow at a CAGR of 2 to 3 percent between 2014 and 2018, with growth increasing in developing markets such as Asia-Pacific and Latin America.
