Six Mistakes Companies Make When Tapping into Independent Talent – Entrepreneur

Six Mistakes Companies Make When Tapping into Independent Talent – Entrepreneur

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The on-demand talent economy has become a vital component in today's business landscape, especially for startups and SMEs grappling with skill gaps, productivity scaling, and evolving employee expectations. In a 2022 survey by Bayt, 70% of MENA employers indicated plans to hire freelancers, while 78% of workers aimed to freelance part-time. In the UAE, which hosts more than 557,000 SMEs, the appeal of tapping into a global pool of on-demand talent lies in its flexibility and cost-efficiency. While this approach offers promising opportunities for growth and innovation, there are common pitfalls that companies must avoid to effectively harness the power of on-demand talent. Here are six of them:1. FAILING TO IDENTIFY NEEDS The on-demand talent pool offers a variety of specialized skills, but misjudging the type of talent needed can lead to inefficiencies and wasted resources. Organizations, especially those with limited resources, should evaluate whether leveraging professional