Over the last decade, managed services programs (MSP) have proliferated among Fortune 1000s and smaller corporations to help them manage their contingent workforce. Today these companies want, and need, more.
With growing interest and participation in Contingent Workforce Solutions (CWS) offerings we’re excited to highlight how we are responding to our members’ evolving needs.
Managing your contingent workforce is not simply a matter of adjusting your old practices, but truly fostering a paradigm shift in the way you are handling non-employee labor.
As temporary labor evolves into a major part of the overall workforce, it’s critical for organizations to understand current and future market trends. IQNavigator’s IQNdex is an industry resource that summarizes contingent worker bill rates by job sector and U.S. geographic region to shed light on the temporary labor landscape. This insight is invaluable to our membership, and will help to better predict cost and risk implications.
The contingent workforce is rapidly growing and as a result, companies are changing the way they manage these critical non-employee resources. Traditionally, Vendor Management Systems (VMS) have helped companies oversee their contingent workforce with a heavy emphasis on improving spend management, but as risk management becomes a higher priority, VMS best practices are shifting as well.