Tag: Contract workforce

App has placed 100,000 workers in nine months

Jobandtalent, a workforce marketplace that matches workers with temporary roles, has announced that it secured $500 million in equity investment from Kinnevik and SoftBank Vision Fund 2 to facilitate its expansion into the US. The move will significantly increase the size of its tech and sales teams over the next 24 months.

Jobandtalent’s app matches workers with temporary roles at companies in a range of sectors including logistics, e-commerce, warehousing, and manufacturing. As the marketplace grows, the AI learns and makes even more precise matches which means even more workers finding and staying in jobs and reducing a company’s attrition rate.

More than 1,300 companies, including DHL, FedEx, XPO, Ceva Logistics, eBay, IKEA, Kuehne & Nagel, JD Sports, Ocado, Sainsbury’s, Argos and GLS make use of the Jobandtalent.

Juan Urdiales, co-founder and CEO of Jobandtalent commented: “With temporary working increasingly becoming the norm, the opportunity to help workers find reliable, consistent jobs is growing by the day. The Jobandtalent platform has found the right roles at the right companies for more than 100,000 workers in the first nine months of 2021 alone, providing them with the benefits and security of full-time employment. We are excited to accelerate the expansion of our team and grow our presence in both new and existing markets – helping more workers find the jobs they want, and helping businesses fill the roles they need.”

Natalie Tydeman, Senior Investment Director at Kinnevik, said: “Jobandtalent’s workforce-as-a-service platform is disrupting the modern labour market and placing people back at the centre of employment. By offering a personalised service driven by data and proprietary technology, Jobandtalent is simplifying the experience of finding work for thousands of people and transforming it for the better. We’re proud to be working with Juan and the team to accelerate the growth of the business.”

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55% of businesses make use of the contract workforce

Based on a survey of over 4,500 people, Sonovate’s Future World of Work report reveals that freelance and contract work is on the rise post-pandemic, but 31% of SMEs routinely pay them late; with more than half of those freelancers and contractors stating that late payments impact their ability to pay their bills on time.

While small and medium sized SME owners are keen to attract contractor workers to address skills gaps failing to pay them on time could lead to them missing out on talent opportunities.

The survey revealed that 74% of SMEs said they see the benefits of hiring freelance or contract workers for specialist support over having to invest in a permanent workforce.

Over 40% of SMEs that use freelance labour admitted they often wait until the last day the payment is due before paying contractors. However, this isn’t necessarily the business owners’ fault with half (50%) saying that late payments from clients or customers impact their ability to pay their workforce on time. 

Sonovate’s research shows that over half (55%) of SMEs that use freelance labour have witnessed a sharp increase in the number of people looking for temporary or contract work since the start of the pandemic with nearly four in ten workers (36%) saying they would like to move to a more flexible way of working but are worried about the uncertainty of pay. Over half (56%) said they would only work for a company which had a track record of paying wages on time and 64% think the Government needs to do more to enforce the prompt payment of invoices. Almost half of freelancers (48%) refuse to continue to work with businesses that are late to pay them. 

Richard Prime, co-founder and co-CEO at Sonovate, commented: “The Report shows us that freelance and contract workers have spiked in popularity since the start of the pandemic, with the crisis opening our eyes to new ways of working.” 

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