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Digest of the SIA’s Staffing Trends in 2018 Report - Part I

Mar 15, 2018 1:02:33 PM

You’re very busy handling the myriad responsibilities and initiatives involved in managing the workforce planning and execution for your organization. It’s no surprise that you have precious little time to spend on non-essential tasks like digging into industry reports and data to keep abreast of the latest trends, opportunities and threats facing the workforce management profession. That’s why the nextSource blog exists—to help digest this information and provide it to you in quick, easily understood synopses. If you didn’t have the time to peruse the Staffing Industry Analysts (SIA) February report, Staffing Trends in 2018, here’s the distilled info on each of the eight trends identified in this detailed report.

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Topics: Blog, MSP/VMS, Workforce Management, Technology

Blockchain for the Staffing Industry Explained

Mar 5, 2018 12:43:37 PM

Blockchain. Seems like everyone’s talking endlessly about it in the media. Organizations of all kinds are jumping on the hype bandwagon, peppering their marketing with the term and hoping it makes them appear savvy and innovative. But what is blockchain actually? Bitcoin? Cryptocurrency? And more importantly is there any relevance to the staffing industry? If so, how could blockchain technology be harnessed to drive value for workforce management?

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Topics: Blog, Workforce Management, Technology, Gig Economy

The Six critical Components of a Strategic Sourcing Initiative

Feb 26, 2018 2:01:35 PM

Recently, nextSource produced webinar together with Azul Partners and Jason Busch of Spend Matters titled, “The Strategic Sourcing of Talent in 2020: Balancing Cost, Compliance and Agility.” It was chock full of high impact ideas and actionable strategies. One of the most interesting segments of the webinar (which you can review here) examined the six critical components of a strategic sourcing initiative. We thought this list would be valuable to our readers, so here is the synopsis.

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Topics: Blog, Procurement Services, Supplier Management, Strategic sourcing.

How to Avoid an Expensive FLSA Lawsuit – The Top 10 Biggest Busts of 2017

Feb 22, 2018 9:33:06 AM

There are lots of ways for an organization to run afoul of the Fair Labor Standards Act (FLSA). The news in HR circles has, for years, contained regular news stories about FLSA lawsuits and the frequently massive payouts/settlements the offending organizations were made to pay to make their wronged employees whole. What follows are the Top 10 most expensive FLSA lawsuits of 2017. Reading this list, of household name brands drives home just how pervasive the challenges are for companies of all sizes when it comes to driving compliance. Particularly with regard to overtime pay. First, go ahead and read the list.

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Topics: Blog, MSP/VMS, Compliance Services, Human Resources, Workforce Management

Keep the Human Touch in Onboarding and Boost Retention

Feb 15, 2018 12:14:31 PM

Keeping turnover low and ensuring proper retention levels is critically important to any organizationespecially in a low unemployment environment. The costs associated with sourcing, onboarding and training new workers is a sunken one. If your new hires split early on, all that money is lost, never to be recovered. This is why it is so important to understand what prompts a new hire to leave soon after beginning a new job and how you as a workforce manager can boost retention among new hires.

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Topics: Blog, MSP/VMS, Human Resources, Workforce Management

On the Wings of Eagles – Philly’s Ascendancy in the NFL Mirrors Workforce Trends

Feb 5, 2018 5:25:37 PM

Major congratulations are in order for the Philadelphia Eagles, the champions of Super Bowl LII. After decades of hard work and some heartbreaking defeats in earlier championships, the Eagles finally take home the Lombardi Trophy, winning their first championship since 1960. This year marks the resurgence of Philly’s pro football franchise and mirrors another area wherein the City of Brotherly Love is reaching the heights—the realm of workforce talent. In honor of the Eagles’ win, here are some interesting facts and figures reflecting the dominance Philadelphia has exhibited in the national race for talent and business excellence.

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Topics: Blog, Human Resources, Workforce Management

To Manage or Not to Manage, That is the Question: How to Decide Whether to Internally Manage Your MSP Program

Jan 30, 2018 2:50:22 PM

If you feel challenged by the need to select a managed services provider (MSP) along with your vendor management system (VMS), you’re not alone. The whole lengthy exercise of vetting various vendors to assess their capabilities, watching their presentations and demos and checking out the references they provided could all prove worthwhile when you need to have an external MSP. 

Here’s a thought: Have you verified whether you can internally manage your MSP program? 

Of course an internally managed program brings with it a different set of challenges. But in either case, driving adoption should be an important consideration. Though few share the details of the travails of what they faced when making such a decision, we’ve put together a consolidated set of points that should help you narrow down your decision.

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Topics: Blog, MSP/VMS, Human Resources, Workforce Management

Millennials’ Distaste for Autos Key Factor in Talent Shortage for Industry

Jan 22, 2018 3:17:26 PM

Things we know: There is a growing talent shortage across all US industries affecting (among most others) the automobile manufacturing industry. Millennial workers—the largest demographic within the entire workforce—gravitate towards jobs where innovation and technology are critical success factors. These Millennials are buying automobiles at rates far lower than previous generations of consumers. What you may not know, is how the interplay between these three factors sets up a vicious cycle depressing talent acquisition for the auto industry in this key workforce demographic. Here’s how this dynamic plays out and what you can do about it if you’re in charge of workforce management for an automaker.

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Topics: Blog, Human Resources, Workforce Management