What's the definition of "contingent fringe?" I first heard the term from Steve Youll, a HR Strategic Planning Analyst at Greif (maker of industrial packaging solutions) on The CYA Report, a podcast I lead over at Fistful of Talent (check out the episode with Steve that highlights a feature story on contingent labor at Workforce.com here, it drops on 8.6.12 - thanks for Workforce Sr. Editor Ed Frauenheim for joining me on the show).
Contingent Fringe is 1) the percentage of temps, contractors and freelancers in the American workforce, plus 2) people who are current full-time employees at a company who would likely have to join the contingent labor workforce should they lose their current full-time gigs.
The term is Steve's, that defintion is mine. If you're on the contingent fringe, you're either already a freelancer or highly likely to become a freelancer should you lose your current job. Thus, you're on the fringe.
The contingent fringe.
The percentage of the total workforce on the contingent fringe, as you might have guessed, is only going to get larger over time. This Forbes article points to the fact that the total workforce of Fortune 100 companies is already 20-30% contingent, with that number growing to 45-50% by 2020.
Individual contributors - Get your marketing brochures warmed up.