When organizations do not have an optimized HR and talent acquisition strategy, they are at risk of hiring mediocre candidates or simply missing out on potential candidates available. This can result in high staff turnover, and a waste of money, time and resources. Amongst other factors, the staffing and sourcing costs, training and on-boarding costs, and lost time, can all impact the bottom line. Furthermore, having the wrong person performing the wrong role can lead to increased risk, errors, and a reduction in your company’s productivity.
With our help, your organization will have the ability to rely on alternative sourcing channels beyond the traditional hiring methods and achieve a comprehensive approach to talent acquisition.
HCMWorks’ helps organizations integrate a flexible, contingent workforce into their total workforce management strategy, in a structured and efficient manner.
It starts by working with the talent acquisition stakeholders and their procurement counterparts to develop a talent acquisition strategy for the non-employee workforce that will complement the overall business objectives and staffing strategy of the entire organization.
Beyond the complexity of using contingent labor to complement your access to talent, companies often need guidance to support them when “managing” this non-employee workforce.
HCMWorks can become an extended HR business partner for your organization, with many years of cross-industry experience to support you.
Once you’ve quickly hired quality contract workers, you still need to have the right parameters in place to manage them at ‘Arm’s Length’, while being mindful of the compliance and legal requirements you are responsible for.
Other examples include knowing who works where, since when and what they do exactly. HCMWorks makes sure you are covered in these important areas to maximize your risk mitigation.
This white paper dives deep into your contingent workforce ecosystem and uncovers three key areas to improve on. It offers valuable insights and actionable recommendations.
Gain control over the growing contingent workforce with these best in class risk management, talent acquisition, and cost control recommendations.
Last year at HCMWorks we wrote an article about a study by The Economist that found the demand for contingent workers would skyrocket over the next five years, with more than 61 percent of top bosses expecting the use of contract labour to increase.
The report surveyed executive decision-makers at 210 US and UK companies with at least 2,000 employees, finding that contingent workers account for more than a fifth of the workforce at over half (58 percent) of those businesses. A figure set to grow over the coming years.> Read More
The contingent workforce is always changing. Whether it’s the growing pool of workers, new methods of sourcing talent, changing workforce laws or optimizing your contingent workforce management program, there is always something new to learn and implement.
Making sure your organization stays on top of these changes is a crucial element of ensuring your contingent workforce is consistently optimized so that it can maximize results for your business.> Read More
Organizations have significantly increased their use of contingent workers over the past decade, helping to compete with rising labour costs, improving access to top talent and adapt to rapidly changing market conditions.
In fact, new Ardent Partners research shows that 41.5 percent of the average enterprise’s total workforce is considered non-employee, which includes temporary workers, independent contractors, professional services, gig workers and freelancers.> Read More