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.
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.
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:
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.
Economic uncertainty creates an unpredictable business environment. Seasonal demand fluctuates, companies experience sudden growth spikes, and employment needs shift, especially as of late. A business is only as resilient as its workforce, which is why many hiring managers are seeking out flexible employment arrangements and management approaches.
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In an increasingly competitive job market, talent acquisition teams are constantly innovating and re-imagining ways to identify, engage and delight top talent while consolidating expenses. Following this trend, strategies such as direct sourcing and talent curation continue to gain traction.
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