HotGigs Inc. to Transform Dynamics of Contract Workforce

HotGigs, the contract talent marketplace, today announced an innovation in sourcing contract talent. HotGigs' unique service, HotGigs.com (http://www.hotgigs.com), bridges the gap between corporate America's $76 billion annual need for contract workers and their ability to efficiently find talent.

Nearly 10,000 independent contractors and more than 2,000 consulting and staffing companies are promoting their available contract talent on HotGigs.com. Employers use HotGig.com's Search Engine to instantly research contractor rates and locate pre-referenced and ranked contractor profiles from the growing network of staffing suppliers across America and Canada.

The solution provides:
•Absolutely free instant access to an expanding marketplace of independent contractors and staffing companies;
•Real-time data on contract labor rates for major outsourced workforce categories, including IT, HR, creative, marketing, accounting, financial, administrative, factory, and healthcare;
•A place for consulting and staffing firms to post and promote available contract resources and place those individuals with more than 1,000 employers, among them Fortune 1000 and emerging growth companies;
•A market for independent contractors and freelancers to promote their skills and availability to employers and staffing firms; and
•Streamlined Internet features, such as contractor profiles, customized search agents, peer networking tools, and one-click contact between employers and contractors.

"Ninety percent of companies use contract labor to manage workforce needs. The problem for most employers is that there's no easy way to find and compare the best contract resources from thousands of firms and independent contractors," says HotGigs founder and CEO Doug Berg. "In an attempt to streamline the sourcing process, many employers have elected to use a limited number of staffing firms to source contractors, which compounds their difficulties by constraining their access to a wider universe of potential workers. To achieve business improvement, hiring companies must have access to a broader talent pool, while obtaining strategically important competitive rate-per-hour information."

HotGigs comprises an integrated package of features that help employers, staffing companies, and contract workers network with one another.
•For Employers: HotGigs solves a significant challenge facing businesses that must consistently plan, acquire and manage contract workers. The U.S. contract marketplace changes every hour of the day and is highly fragmented with 9,000 staffing companies and hundreds of thousands of independent contractors. HotGigs gives instant access to an entire market via its Web site HotGigs.com and provides hourly rates of contract resources from both staffing firms and independent contractors—free of cost.

Early adopters of HotGigs include people such as John Doyle, Managing Director of J. Walter Thompson, Minneapolis, who says: "HotGigs has been invaluable in helping us win business by enabling us to react to client needs immediately. We have been able to instantly find available contract resources from HotGigs' network of subcontractor resources."

•Staffing & Consulting Companies: HotGigs helps staffing companies automate the process of promoting and placing talent. To shorten the lag time between one project and the next, staffing companies need a way to announce availability, while reducing the repetitive task of responding to requisitions. HotGigs blends the features of an Internet job board with a staffing exchange and an open vendor management system, making it easy to promote available contract workers. Staffing firms pay a $2,500 annual subscription per sales person.

•For Independent Contractors and Freelancers: Independent Contractors have always been challenged with marketing themselves from one engagement to the next. For a basic subscription of $30 per quarter or an annual fee of $100, HotGigs helps freelancers profile themselves, know the competitive rates for their unique skills, understand the demand for those skills, and promote themselves directly to employers and staffing firms.

"As the economy picks up, we believe the rates for contract workers will get significantly more competitive and services like HotGigs will make it easier for companies to transition from engagement to engagement. HotGigs provides a way to quickly respond to upcoming projects," says Berg. "Through our work with early adopters of this service, we're continually hearing how companies are using us to grow their businesses, by ensuring that companies can staff quickly and affordably."

HotGigs
HotGigs is a contract talent marketplace for hiring managers, staffing companies, and independent contractors in 15 professional categories. Approximately 10,000 independent contractors, 2,000-plus staffing companies, and 1,000 companies who hire contract talent, including Fortune 1000 and emerging growth companies across major markets in the U.S. and Canada, are using HotGigs' Web site, HotGigs.com (http://www.hotgigs.com), to fill their contract workforce needs.

Leveraging the exceptional experience of founder and CEO Doug Berg at developing talent markets such as techies.com, an Internet career portal for IT professionals, HotGigs has a executive team of business veterans to create a profitable contractor marketplace that enables clients to save time and money and transform their businesses.

For more information, visit www.hotgigs.com or call 1-866-HOT-GIGS.

Editors Note: Please contact David Southgate at (787) 843-4734, (787) 557-6542 for more information or to arrange interviews.

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