A vibrant global marketplace of highly skilled independent talent is opening up vast opportunities for businesses to operate 24/7. We call it intellectual arbitrage. Leading companies are increasingly leveraging independent highly talented workers to do the most complex work their institutions undertake.
We call it intellectual arbitrage. Leading companies are increasingly leveraging independent highly talented workers to do the most complex work their institutions undertake.
Download our whitepaper to learn how your organization can take advantage of this approach to accelerate mission-critical initiatives and drive continuous transformation.
As RGP research found, there is an unprecedented reconceptualization of the global workforce underway that allows for organizations to create continuous transformation.The most successful companies are creating a very intentional ecosystem that includes an almost 50-50 split between full-time employees and outside talent.
This large proportion of external experts builds enormous flexibility into the workforce and allows intellectual arbitrage to occur. It also provides opportunities for the large and growing cohort of independent contract and gig workers around the globe.
In fact, intellectual arbitrage is a key driver of the Dynamic Workforce™ model. Teams with advanced skills can be assembled in many parts of the world at costs significantly below what businesses traditionally pay for premium work at home.
Companies operating in numerous markets can now source ‘like-for-like’ talent capabilities across locations and time zones, and they can acquire these capabilities at scale.
-CFO, Global Pharmaceutical Company