Contingent Workforce Management: An Overview
In today’s fast-paced and rapidly evolving business environment, organizations face the challenge of managing a growing (and changing) contingent workforce. This includes temporary employees, freelancers, independent contractors, and other non-permanent workers who play a crucial role in the success of many organizations.
Contingent workforce management is the process of managing this non-permanent workforce, including identifying, recruiting, and managing their work. It involves understanding the specific requirements of each worker and ensuring that they are deployed effectively and efficiently.
The importance of Contingent Workforce Management
Contingent workers play a significant role in many organizations and can provide numerous benefits, including increased flexibility, cost savings, and access to specialized skills and expertise. However, managing a contingent workforce can also be challenging, particularly when it comes to compliance with employment laws, tax regulations, and worker benefits.
Effective contingent workforce management can help organizations to mitigate these risks and ensure that their contingent workers are deployed in a cost-effective and compliant manner. It can also help organizations to achieve their business goals by leveraging the unique skills and expertise of their contingent workforce.
Leveraging proven processes, technology, and supply chain
There are several ways to leverage proven processes, technology, and supply chain to help organizations save money while managing their contingent workforce effectively.
1. The Right MSP Partner Makes a Big Difference
One key strategy is to partner with a reputable contingent workforce management provider, like an MSP, that has extensive experience in managing this type of workforce. A provider with a proven track record can help organizations to reduce costs, improve compliance, and achieve better results through its expertise and technology.
2. Adopt and Adapt with the Right Technology
Another strategy is to adopt a technology-driven approach to contingent workforce management. This can include the use of applicant tracking systems, online portals, and other tools to streamline the recruitment, onboarding, and management of contingent workers. These tools can help organizations to save time and money, while improving the efficiency and effectiveness of their contingent workforce management processes. The benefit of using an MSP to do this? They own and manage the technology components, and make sure that your staffing vendors are onboarded and standardized in terms of process. This standardization saved time and can save money as well.
3. Better Manage Your Suppliers
Finally, organizations can leverage their supply chain to manage their contingent workforce more effectively. This can include working with suppliers to provide contingent workers with the resources, training, and support they need to succeed. By leveraging their supply chain, organizations can gain better control over their contingent workforce, reduce costs, and improve results. When you have multiple vendors though, it becomes more essential to partner closely with an MSP that can handle the communication, recruitment streams and HR processes needed to manage all your vendors.
In conclusion, contingent workforce management is an important aspect of modern business and a critical component of many organizations’ success. By leveraging proven processes, technology, and supply chain, organizations can achieve better results and save money while managing their contingent workforce effectively.
Why Enterforce?
As one of the industry’s leading MSP providers, our decades of experience and proven results can immediately be put to use and to your organization’s benefit.
We have helped countless companies to get their organizations on board with our programs, and more importantly, to meet their business goals. Enterforce is here to help you reduce the cost of the legal and tax risk associated with your recruitment of full-time and contingent staff, as well as the management of your consultants and professional service firms. By leveraging our proven processes, technology, and supply chain, we save you money while finding you the talent you need, including hard-to-fill roles faster than you could do on your own.
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Contact us today to learn more about any of the strategies and solutions above.
