If your organization is utilizing a contingent workforce, it's exposed to a well-known set of internal and external mechanisms.
Whether you realize it or not, these mechanisms impact your company in a significant way.
When you combine all these factors together, they represent your contingent workforce ecosystem.
HCMWorks facilitates half-day 'whiteboard sessions' to provide potential clients and future partners a glimpse into their contingent workforce ecosystem and how it's performing.
Our role in this process is to help companies identify, understand and manage their contingent workforce ecosystem in such a way that they can take advantage of their contingent workforce as a strategic asset.
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.
A vendor management system (VMS) is an essential element of any successful contingent workforce management program, helping with every aspect of your company’s “non-permanent” workforce - from candidate selection, requisition distribution, onboarding, vendor management, vendor performance analysis, compliance, time management, payments and much more.
The implementation of a VMS will bring your company a wide range of benefits, such as total workforce visibility, improved efficiencies, the ability to gain control of contingent spending, a significant reduction in costs and the automation of...
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Contingent workforce management programs are complex. With around 41.5 percent of the average enterprise’s workforce being made up of “non-employee” workers (Ardent Partners), large organizations need to implement strategic plans that make the management of this workforce more efficient and cost-effective.
Many companies, however, are failing to get this right. Contingent workforce management programs are highly strategic, time-consuming and require highly skilled professionals that have expertise in contingent workers and how to manage them.
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Supplier performance management (SPM) is a business practice that is used to measure, analyze, and manage the performance of a supplier. Done successfully, this can help your company cut costs, alleviate compliance risks and drive efficiencies in your workforce management.
This important business function is associated with third-party management, and is often used in conjunction with an outsourced partner such as a managed services provider (MSP).
It can cover a wide range of areas in which your business uses suppliers, such as paper, IT or your phone provider. In this blog, however, we...
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