What does the word contingent mean to you? Is it a synonym for “free?” Does it represent an effective way to find the best talent available? Is it meaningless? The staffing world is a unique industry filled with hiring models and terms that are often misunderstood. In my 20+ years working in this arena, I’ve never seen the misunderstanding of a single word cause as many negative repercussions for clients and staffing firms as I have with the word contingent. Here’s what “contingent” really means, and how your business can thrive under this hiring model.
In plain terms, a