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Process Optimization

Optimize Your Processes & Improve Your Contingent Strategy

PROCESS OPTIMIZATION CAN YieLD SUBSTANTIAL OPPORTUNITIES

All companies have unique processes for sourcing, on-boarding, scheduling, tracking, managing and paying their contract workers. Unfortunately, for most organizations, these processes are fragmented, sub-optimal and disjointed across many different departments, sometimes across a diverse global organization. This can lead to miscommunication, extra administrative effort, duplication, wasted time and a higher risk of error—especially when handled manually.

A well designed workforce management program can yield substantial opportunities and it starts with a thorough analysis of your current state and the subsequent design of a custom future state, to address your specific requirements. The outcome is the bringing together of your workers, processes, and data, in an integrated, automated process, which will significantly enhance your management efforts and cut costs in the process.

HCMWorks can help address this, be it by assessing your internal workforce management program and providing recommendations, or by helping you design and implement a new program. Our goal is to give you the added tools and external support to help you achieve your workforce management objectives.

We can help you optimize your contingent management processes in a number of ways.

“The HCMWorks team was the foundation in the implementation of a contingent workforce managed solution which extends from the hiring process to the payment of consultants.  For more than 5 years, our partnership with HCMWorks enables us to effectively meet our objectives in accessing a large talent pool, all while controlling our costs.” 

Vendor Management Client

"Having had HCMWorks and their team of professionals supporting our contract resources over the past four years has been a pleasure. HCM experts continue to provide solid and consistent resource management, procurement and administration and we appreciate the efforts that they successfully offer. Having them on our team is a huge asset!" 

Senior Manager, Data Centres

"I've been working for almost 10 years with the HCMWorks' team and I hope to continue for another 10 years.  Professional and passionate are few words that best describe this team. They offer excellent overall service and are always available for any inquiries. Their knowledge of the market makes them an asset for the business. I would not hesitate to recommend them." 

National Senior Manager Staffing Office

OPTIMIZE YOUR PROCESS WITH A CONTINGENT WORKFORCE MANAGEMENT PROGRAM

What should the objective of your Contingent Workforce Management Program be?

As a first step, a Contingent Workforce Management Program should seek to eliminate or automate the cumbersome, manual, transactional and time-consuming administrative tasks that waste your managers’ time. These can be replaced by data, value-added insights and quality information for your managers to use and benefit from, for better decision making.

How HCMWorks can Help Optimize Your Contingent Strategy

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What sorts of examples apply?

For example, a hiring manager, can easily evaluate the costs and productivity of his external workers with accurate, real-time performance data  of other, similar contingent workers across the organization. This leads to the hiring manager understanding if he should renew a worker’s contract, or who would be best to hire for a new project. This can significantly increase productivity and reduce workforce costs.

Why do many organizations still lack this workforce visibility?

For some, it appears to be a monumental task to overcome. Imagine that companies are currently managing their external/flexible workforce manually, through multiple clusters of decision makers and departmental layers such as payroll, human resources, business line managers and procurement. Because of that, many organizations cannot truly determine the effectiveness of their external workforce, practices, or processes.

How can HCMWorks help me address these process optimization gaps?

By investing in your workforce management program, you can quickly improve quality, increase productivity and operational efficiency, and save time, all of which will lead to reduced costs. Having a flexible contingent workforce management program that allows you to store, monitor, compare, and assess workforce data can help you discover new best practices that can be adopted across your company for big savings.

Our clients often ask for our help to support them in optimizing these key processes:

  • Automation
  • Competitive Bidding Cycle
  • VMS Re-Configuration
  • Management Time
  • Administrative Time and Errors
  • Improved Visibility and Decision Making
  • Recruitment and Sourcing
  • Alternative Sourcing Channels
  • Invoicing

Optimize Your Processes with HCMWorks

The HCMWorks Blog

4 Contingent Workforce Trends That Will Continue to Impact Your Company in 2020

4 Contingent Workforce Trends That Will Continue to Impact Your Company in 2020

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

Our Most Popular Contingent Workforce Insights in 2019

Our Most Popular Contingent Workforce Insights in 2019

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

How to Improve Cost Management in Your Contingent Workforce Management Program

How to Improve Cost Management in Your Contingent Workforce Management Program

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