Flexible Workforce Glossary
From Employer of Record to Total Talent Management, this glossary covers the essential terms you need to understand the flexible workforce landscape. Each entry explains the concept, how it works in practice, and how it connects to building a modern talent strategy.
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What Is a Staffing Markup?
A staffing markup is the percentage added to a worker's pay rate by a staffing agency or workforce provider to cover employer taxes, insurance, benefits, overhead, and profit margin—determining the total bill rate charged to the client.
StrategyWhat Is SOW Management?
SOW (Statement of Work) management is the process of creating, tracking, and governing project-based engagements with external service providers, ensuring scope, deliverables, timelines, and costs are defined and controlled.
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What Is Talent Density?
Talent density is a workforce strategy concept referring to the concentration of high-performing individuals within a team or organization, emphasizing quality over quantity of workers to drive productivity, innovation, and competitive advantage.
StrategyWhat Is Total Talent Management?
Total talent management is a strategic approach that unifies the planning, sourcing, and management of an organization's entire workforce—permanent employees, contingent workers, freelancers, and outsourced services—under a single, integrated framework.
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