You can’t manage what you can’t measure says the old business axiom. This is why performance minded managers employ key performance indicators or KPIs to help quantify critical aspects of performance in all areas of their business. For contingent workforce programs, there are common KPIs most frequently correlated with workforce management success. Knowing which ones are the most effective is a question frequently encountered by nextSource experts. So, let’s talk a bit about KPIs and how to select the ones best suited to driving success across your contingent workforce operations.
Aug 8, 2019 1:01:47 PM
Jul 11, 2019 2:47:25 PM
The “gig economy” is a topic we have been covering extensively here at the nextSource blog. The mushrooming growth of this new labor type represents a brave new world, both for individuals in the labor force as well as those professionals tasked with contingent workforce management. As with any new emerging business practice, it takes some time for legal and regulatory strictures to catch and come up to speed with the velocity of the changes wrought by disruptive innovations. In the interim, there is often increased risk for all who embrace the mantle of early adoption.
May 22, 2019 4:07:48 PM
With available talent scarce and staffing suppliers working harder than ever to source good workers in a low unemployment environment, the perennial question for workforce managers remains pertinent. How does one develop the best supplier partnerships to drive the greatest value and return? And how can an MSP help ensure your program is a priority for their staffing partners when those partners are being pulled in so many directions?
May 7, 2019 3:55:02 PM
Fielding a program of summer internships can be a fruitful endeavor yielding a pool of potential FTE (full-time equivalent) talent your organization can tap into in the future. However, it is not just as simple as offering internships and then sitting back and waiting. Not all summer intern programs are created equal. Done properly, there is a long-tail talent benefit. Done improperly, well, you’re just spinning your wheels. Here are some best practices for building and managing summer internship programs designed to foster future engagement.
May 3, 2019 12:52:48 PM
Diversity in contingent workforce management is a topic that has evolved in its significance over time. There is enormous value in pursuing a diversity strategy when building a workforce and when selecting staffing suppliers to participate in achieving broader workforce management goals. At the same time, there are many misconceptions about what is involved. This post will explore the common questions regarding the reasons for (and ways how to) field a diversity program within your workforce management practice.
Apr 15, 2019 12:36:07 PM
Is your withholding allowance set to withhold the appropriate taxes, ensuring your paycheck is accurate? This is a hot topic, especially this time of year for the thousands of associates who work for our clients via our employer of record solution. Read more in this nextSource blog to ensure your 2019 withholding is correct.
Apr 4, 2019 10:41:16 AM
Modern technology drives how we work and live. AI, industrial process automation, high speed internet, big data, cloud computing, blockchain, and scads of other emerging technologies are applied to challenges—business and otherwise—to theoretically improve on the results yielded by imperfect, human efforts. Much has been made of how artificial intelligence (AI) can help an organization govern staffing levels and identify the skill types needed (or not needed) to effectively compete. Before relinquishing direct control of your talent acquisition strategy to the robots, consider whether there aren’t serious limitations to what technology can do to assist in talent acquisition.
Mar 28, 2019 12:24:11 PM
Transitioning away from fossil fuels and toward renewable energy is a critical, global imperative and one that asks a lot of everyone involved. From producers to consumers and at every step between, there will be significant changes required to the long-standing ways in which we produce, transmit and consume energy. Nowhere will the change be felt more acutely than in the energy industry itself. In particular, the nature of how clean energy is produced will exert outsized influence over how the energy industry approaches its labor practices. Follow this logic.