Open Talent is the fastest growing sector of work and is often referred to as The Future of Work.
We are increasingly defining work on an output basis which makes flexibility more attractive than employer-employee models. An 'output based' contract is an agreement between a customer and a supplier, which creates a relationship for the delivery of services or products.
The driving force behind the contract is that it focuses on what the deliverables are in business terms rather than how they should be delivered.
A hot topic since 2017 which includes talent platforms, gig economy planning and AI. Open talent not only defines a way of working but highlights the shift in human behaviour as we move into the fourth industrial revolution.
Flexibility that works
Approximately 126 billion USD was spent in the global open talent economy in 2018. The UK market has grown by 43% since 2006 and is worth 21bn GBP.
What will the world of work be like for the next generation or are we already in the future of work?