Contingent labor as an enabler of entrepreneurial growth

✍ Scribed by Melissa S. Cardon

• Publisher: John Wiley and Sons
• Year: 2003
• Tongue: English
• Weight: 139 KB
• Volume: 42
• Category: Article
• ISSN: 0090-4848
• DOI: 10.1002/hrm.10095

✦ Synopsis

Abstract

While all firms can benefit from engaging contingent labor, due to the flexibility, real options, and new
knowledge these workers may provide, these benefits are compounded in emerging organizations due to their lack of
resources, legitimacy, and time to focus on HR issues. By carefully weighing the risks and benefits, and making
purposeful and intentional decisions concerning when and what types of contingent labor to utilize, as well as how
to manage and integrate them with traditional employees, emerging ventures may experience enhanced growth and
productivity. This may be particularly true during their start‐up, expansion, and diversification stages of
development. © 2004 Wiley Periodicals, Inc.