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<\/p>\n

SMEs typically can\u2019t afford nor attract top notch experts with crucial value creating skills to become employees. And no matter how talented your employees are, chances are that many of them are becoming noncompetitive or they lack the skills to take your company to the next level. The half-life of a learned skill used to be about thirty years. Today it is down to about five years.<\/em><\/p>\n

However, thanks to the internet, the cost of finding and tracking outside staff has dropped to almost zero and at the same time, the volume and quality of freelancers have gone up dramatically.<\/em><\/p>\n

Why SMEs demand skills and competences from outside their core organization<\/strong><\/p>\n

The\u00a0increased prevalence of digital technology and artificial intelligence<\/u>\u00a0will lead to new job functions and categories\u2014but also to shortages of people with the skills needed to fill those roles<\/p>\n

Automation is replacing jobs; big data and advanced analytics are unlocking vast customer, operational, and employee insights; and increased access to information and ideas is\u00a0blurring the boundaries<\/u>\u00a0of what used to be inside or outside the firm.<\/p>\n

The\u00a0digitalization of products and services<\/u>\u00a0is creating an enormous demand for skilled digital talent. Nearly half of US and German companies in a BCG survey cited the lack of qualified employees as the biggest constraint to a full digital transformation.<\/p>\n

Companies will need to develop or gain\u00a0access to talent<\/u>\u00a0in rapidly emerging areas such as data analytics, app development, and user experience design. In fact, nearly every organizational role will eventually require the use of sophisticated technology.<\/p>\n

Knowledge-intensive companies are already\u00a0contracting out more work to the market<\/u>, partly to save costs and partly to free up their cleverest workers to focus on the things that add the most value. Thus, more and more of the routine parts of knowledge work can be parceled out to individuals, just as they were previously parceled out to companies.<\/p>\n

Staff-On-Demand<\/u>\u00a0uses to the full most of the capabilities and advantages that make an attractive business model for SMEs: no need for offices; no full-time contract employees; the clever use of computers to repackage one set of people\u2019s needs into another set of people\u2019s tasks; and an ability to access spare time and spare cognitive capacity across the world.<\/p>\n

Pros<\/strong><\/p>\n