U.S. businesses are using greater percentages of contingent workers to meet their staffing needs. These contingent workers are not only more prevalent, they are often used in highly skilled, mission-critical positions. However, that entails risk for the corporation including rising compliance costs. Those organizations that manage contingent labor effectively will find themselves in a better position to win the war for talent.
The traditional best practice is a Managed Service Provider (MSP) using a Vendor Management System (VMS). Historically, companies have picked a staffing firm to manage the contingent labor program. Problem: A MSP may be biased in favor of their own staffing services, and thus miss opportunities other staffing firms may offer to access the best talent. That has led to a new best practice: a purely vendor-neutral and integrated contingent workforce management model.
This paper will highlight how a purely vendor-neutral, integrated MSP and VMS model can successfully identify, source, track and manage professional contingent workers around the globe.
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