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Independent contractors, freelancers, and contract workers are a valuable source of high-quality talent but managing dozens, if not hundreds of IC contracts, invoices and more, is a full-time job for several of your people.
Learn how to simplify, streamline and reduce the complexity of managing your freelancers, consultants and contract workers.
Vendor management systems (VMS) are fundamental to the success of any large companies contingent workforce strategy, but what lessons can a business learn from a VMS to improve the way they hire non-permanent workers in the future?
Before we dive into the lessons your company can learn from your VMS software, let’s first look at what a vendor management system actually is and how it can boost your contingent workforce strategy.
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The way organizations employ workers has shifted away from the full-time employees of yesteryear to a workforce of contingent workers that offer their specialties on a project-by-project basis.
The contingent workforce has significant benefits for the plethora of companies adopting this modern way of hiring. However, those who are hiring contingent workers but are still using manual processes and outdated automation tools to manage their workforce, will not be realizing those benefits, and could in fact be losing out.
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The past 20 years have seen rapid and significant changes in the way we live our everyday lives and the way organizations conduct business - none more so than the way companies are hiring workers.
During the 20th Century workers were employed by the company they worked for, but that’s not really the case anymore. Large companies are now outsourcing work to smaller companies or hiring workers within the contingent workforce, such as contractors, freelancers and consultants.
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