Question

In: Operations Management

How are contingent work arrangements related to artisan-based work?

How are contingent work arrangements related to artisan-based work?

Solutions

Expert Solution

Solution:

Contingent workers are the ones that are hired on a part-time basis. These are the workers who are not enrolled in the payroll of any company but are working on a part-time basis with the company. The contingent workers include freelancers, Consultants, Lawyers, nonpermanent blue-collar staff among others. Hence, these contingent workers are hired by the businesses whenever there is a need to be fulfilled by these contingent workers. This is why many businesses have ready-made arrangements for the contingent workers who they hire whenever they have relevant requirements.

The contingent work arrangements are related to artisan based work in a way where the contingent workers are artisan based workers for a particular company. This includes a graphic designer, painter, carpenter who are based on skill based work and they can be hired by businesses on contingent basis. ALso, the contingent workers are all based on a particular skills they posses. For example, a freelancer would be skilled in a particular aspect of the business whereas a consultant will be skilled in a particular aspect of the business. Thus, the contingent workers are the ones who are specialised in a particular type of skills based on which they obtain the work.

Hence, this is how the contingent work arrangement relates to the artisan based work.


Related Solutions

Exploration and Company Reliance. Explore contingent workers and flexible work arrangements. Discuss reasons companies rely on...
Exploration and Company Reliance. Explore contingent workers and flexible work arrangements. Discuss reasons companies rely on contingent workers and flexible work arrangements.
How can a contingent liability be recognized in a liability and how is it related to...
How can a contingent liability be recognized in a liability and how is it related to accounting theory?
You are an expert who deals with the transactions related to provisions, contingent assets, contingent liabilities...
You are an expert who deals with the transactions related to provisions, contingent assets, contingent liabilities and intangible assets. For each of the scenario mentioned below provide with: appropriate solution with accounting treatment, calculations and necessary comments: (4 x 2.5 inarks each - 10 marks) 1. ABC SAOG has a written policy to meet proven environmental claims without going to court. The company already have a liability for environmental damage from a court case that is still in progress at...
1a. How many arrangements are there of all the letters in INDIVIDUAL? 1b. How many arrangements...
1a. How many arrangements are there of all the letters in INDIVIDUAL? 1b. How many arrangements of the letters in INDIVIDUAL have all three I’s adjacent? 1c. How many arrangements of the letters in INDIVIDUAL have no I’s adjacent?
How contingent Assets are generated? Give two examples of contingent assets in detail.
How contingent Assets are generated? Give two examples of contingent assets in detail.
Consider arrangements of the letters NEWBIT. How many arrangements start or end with a vowel?
Consider arrangements of the letters NEWBIT. How many arrangements start or end with a vowel?
discuss how variable or contingent lease payments (ex : those based on revenues, profits, CPI indexes,...
discuss how variable or contingent lease payments (ex : those based on revenues, profits, CPI indexes, etc) are handled in accounting for leases
Discuss the importance of disclosing contingent assets and contingent liabilities for a financial institution. How can...
Discuss the importance of disclosing contingent assets and contingent liabilities for a financial institution. How can these contribute to a bank collapse?
Discuss the effect and risks of pooling arrangements by answering the following: How can pooling arrangements...
Discuss the effect and risks of pooling arrangements by answering the following: How can pooling arrangements increase small-business insurance coverage? Identify how risks can be reduced in a pooling arrangement. Do you think there are any regulatory changes needed to make pooling arrangements more effective?
Discuss the effect and risks of pooling arrangements by answering the following: How can pooling arrangements...
Discuss the effect and risks of pooling arrangements by answering the following: How can pooling arrangements increase small-business insurance coverage? Identify how risks can be reduced in a pooling arrangement. Do you think there are any regulatory changes needed to make pooling arrangements more effective?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT