In the past, companies have often turned to contingent staffing firms to augment their workforce during peak business periods or in times of crisis. However, this dynamic has changed. The contingent staffing industry is now positioned to be a business partner, earning a ‘seat at the table’ in strategic business decisions. In this article, we explore what this means for procurement leaders and the companies they serve.
Promoting supplier diversity isn’t just ethically right; it’s also strategically smart. By incorporating it into your contingent staffing program, you can gain significant benefits for your company's brand, compliance, innovation, and bottom line. In this article, we bring supplier diversity in contingent staffing into the spotlight.
We're excited to share our latest article on Total Talent Management, a comprehensive approach that can significantly enhance your organization's efficiency, productivity, and competitiveness when using a contingent workforce. This piece will guide you through its benefits, decision-making parameters for including full-time and non-employee workers, and the role of data analytics in this strategy.
Our latest article delves into the profound influence of artificial intelligence in procurement and contingent staffing. Here, we explore the promise of AI's efficiency and precision counterbalanced by its unique challenges, and strategies for navigating them effectively.
It’s more important than ever for companies to foster strong relationships with contingent staffing suppliers. In this article, we discuss the importance of maintaining these robust partnerships as well as some of the challenges and pitfalls you might encounter while building them.
Employees are the lifeblood of any company. Happy employees lead to productive teams, and productive teams lead to a successful business. To attract and retain the best talent, companies need to create a workplace that employees want to be a part of.
Risk management and legal challenges are two of the biggest hurdles talent procurement leaders, talent management leaders, and HR professionals face when trying to create a holistic workforce culture. While it's important to manage risk, it's also crucial to maintain a positive work environment that attracts top talent.
The labor market has become increasingly competitive. An ongoing talent shortage has created long-term openings in various industries, from healthcare to telecommunications, to cybersecurity, and beyond.
Work used to mean taking on an established role, a set routine, and a clear delineation between work time and free time. But work has changed so much over the past several years that many individuals, including talent procurement professionals, are struggling to adapt.
Inflation and the possibility of a recession are leading to hiring concerns among talent procurement professionals and recruiters. According to SHRM, high inflation is leading to a "turbulent compensation environment" that is "wreaking havoc on workers' budgets, as pay increases fail to keep pace with rising prices."
Stakeholders and executives may be wary of changes in contingent workforce strategy. Here are 4 tips on how you can effectively pitch strategies.
Workforce development is taking on greater importance, according to McKinsey. Companies across the globe are identifying current skills within their organization, assessing the talents they will need in the future, and considering the extent of the gaps. These organizations must consider the viability of indirect hiring - risking inflated headcounts - or turn to their procurement officers to leverage contingent staffing, particularly for more specialized digital talent.
The contingent workforce has transformed the way we consider, evaluate and hire today's candidates. Not only that, it has been growing exponentially in recent years. The good news is this leaves organizations with a veritable bumper crop of contingent workforce candidates to choose from. And the beauty of these workers is that they can help businesses weather busy seasons smoothly, or can become part of the team for longer stints with more complex projects.
Procurement leaders understand the importance and urgency of defining and executing digital transformation. Digitization and automation of procurement processes cannot only help to reduce costs, they can identify the most beneficial sourcing opportunities, and track results across all departments, from logistics to contingent staffing.
As contingent staffing becomes a more prominent element of workforce management in many businesses, the demand for solutions that can assist in talent retention, payments, and the optimization of the workforce is growing in turn.
Nearly half of millennials plan to quit their jobs within 2 years and 67 percent of recruiters say it’s harder than ever to find and place talent. If you need to alleviate the stress and burden of last-minute staffing requests, here are a few of the most effective workforce forecasting methods for 2019.
AI has been a hot trend in the realm of recruitment and procurement for years now, but direct applications of the technology are becoming more widespread. The future could be dominated by flexible workforces.
There's no doubt that there's presently a war being fought over the very best talent. As the aging workforce edges towards retirement and the younger generations start to dominate industry, there's huge pressure on brands to make sure they have the very best people on board - whether those people are permanent or contingent staff.
If top talent can be acquired on-demand in a fraction of the time, does it make sense to have only full-time employees? Find out what makes a contingent workforce successful and how to take advantage of the emerging generations.
Artificial intelligence is helping industry the world over become more profitable and productive than ever before. Able to work out millions of calculations in the blink of an eye, AI can do in a moment what would take weeks for a human to complete. Artificial intelligence can spot patterns and optimization issues with a far keener eye than a human, enabling processes to be streamlined to previously unheard-of levels.
The gig economy (as contingent staffing is often referred) has grown from being a tiny minority of employment options to a massive, globe-spanning phenomenon.
The freelance economy has been a hot topic for a few years now. It started with freelance service providers such as Uber and Deliveroo, but is now expanding to all levels of industry. Of course, temporary staffing has always been around, but the modern digital world is making it more ubiquitous and practical than ever before.
We sat down with Jeff Nugent, Managing Director of Contingent Workforce Solutions to ask about the key priorities for long-term success in building a workforce program for the future.
When discussing spend and ROI, it’s all too easy to get caught up in the outgoings which result directly from the products or services an organization provides to its customers. However, it’s just as important – if not more so – to devote attention to all the indirect spending which is done to keep the wheels of your particular corner of industry turning. These periphery expenditures include contingent staffing costs – and capturing spend on these services will be the focus of this article.
If your business is going to begin operating under a remote working model, there will be a need to adapt your organizational structure significantly. Operating a dispersed workforce comes with its own set of challenges, but thankfully, there is a host of innovative digital technology on hand to make everything run significantly more smoothly.
Whether through contingent staffing or transitioning into full time employment, most of us would agree we want a workforce that represents society at large. Different people bring different perspectives, and that diversity of thought can have far-reaching benefits for organizations. However, one brand which is bucking that trend is computer giant IBM which has been establishing some innovative partnerships over in Spain to assist differently abled people into the labor market.
With COVID-19 still very much part of the landscape and likely to remain so for the immediate future, we need to find ways to get back to the business of running our lives in the best way possible, given the circumstances. It would seem a suitable time therefore, to take a look at the state of the industry right now and see what the so-called new normal looks like for contingent staffing procurement.
The COVID-19 crisis has transformed the human resources business, and new strategies are required to adapt to the new world we find ourselves in. Total talent management can provide a method for achieving the kind of engagement we’re searching for and bring all arms of human resources together with one aligned goal in mind.
The nature of procuring contingent labor is transforming before our very eyes. Whereas before we saw sourcing of contingent staff carried out indirectly through suppliers, modern technology and a significantly increased pool of available contingent labor have driven a move towards more direct talent acquisition. But what does this mean for the contingent staffing procurement business and what is the best way to manage this transformation?