Finding the right resources to fill the growing talent gaps in your changing workforce is becoming an increasing difficult challenge. Leveraging the contingent workforce provides access to a vital source of quality talent, but it also comes with a number of operational, financial and legal challenges and risks that must be carefully managed.
The complete contingent workforce lifecycle impacts many stakeholders within one organization, both internally and externally. It has strong implications for Finance, IT, Talent Acquisition, HR, Procurement, Risk and general lines of Business. Furthermore, vendor management technology is necessary to enable your organization to manage this workforce effectively. Organizations quickly realize how helpful an expert advisor like HCMWorks can be in successfully supporting them through this transformation.
A contingent workforce MSP program is an outsourced solution managed by an external firm such as HCMWorks, that combines process, practice and technology. It allows you to centralize and consolidate all your non-permanent worker spend under one program, so you can optimize the entire workforce, for increased visibility and control.
The HCMWorks MSP program enables you to easily streamline, simplify and manage the contingent workforce supply chain from requisition to payment and every process in between. The outcome is increased visibility on contingent headcount and spend, reduced costs, greater and timelier access to talent, as well as greater compliance with federal, provincial and state regulations.
HCMWorks has developed a custom HCMNow solution that can easily be implemented and used by some types of clients. With minimal implementation and post-implementation costs, HCMNow is a tool that centralizes, tracks and manages all of your non-permanent resources in one accessible location for ease of analysis and forecasting.
This service was designed to be comparable to a full contingent labor Managed Services Provider (MSP) program but only on an on-demand basis.
A plug-and-play MSP solution could make the lives of CHROs, VPs of HR, Directors of Talent Acquisition, and Procurement Leaders a whole lot easier. This white paper delves into the many benefits of having a turnkey MSP program that involves no cost to you and no major input from your IT teams.
In this white paper, we take a look at:
Skilled workers are the foundation of a company, but have you ever struggled to find the right employee? Don't worry if you have, you’re not alone. In fact, talent acquisition and a shortage in skilled workers is becoming a growing concern for many businesses.
According to ManpowerGroup’s latest Talent Shortage study for 2018, more employers than ever are struggling to fill open jobs. Forty-five per cent of the global business surveyed said that they can’t find the skilled workers they need, up from 40% in 2017 and the highest rate in over a decade.> Read More
Technology and communication tools have helped organizations make huge leaps in the past two decades, and now they are changing workforce behaviour. Ease of communication has allowed remote and contract workers to work on their own terms, increasing the size of this pool of employees.
Earlier this month the Bureau of Labor Statistics gave the first official reading of how many workers in the US rely on temporary, freelancing and contract work. The answer is a lot.> Read More
The contingent workforce - made up of freelancers, consultants and independent contractors - has rapidly become a significant part of today’s workforce. For that reason, it’s essential that companies create a workplace culture that attracts and engages contingent workers.
Employees are now seeking an enjoyable place to work, rather than looking solely at career development and remuneration. This has made employee engagement a key aspect for any company that wants to hire the best talent in their field. This is no different for the contingent workforce.> Read More