Unemployment remains low and the rate is about as stable as it can be for this often-volatile metric. A byproduct of broad employment, wages tend to rise as competition for finite labor capacity drives pay rates higher. This double shot of good news for workers spells challenge for employers and their workforce management plans. Here’s the latest data followed by some recommendations for hiring organizations seeking to mitigate these challenges.
Sep 19, 2018 2:14:11 PM
Sep 13, 2018 12:01:05 PM
Most businesses pour significant time, money, and resources into ensuring their images are polished properly in the eyes of their customers and target consumers. They spend millions on advertising, focus groups, marketing and analysis to try and glean how their operations are perceived in the market and how perception among the target market positively or negatively effects their bottom line. Any public-facing activity on the part of a business that drives customers away is quickly remediated. But, did you ever wonder how many companies regard their hiring processes as a marketing opportunity or as having the potential to damage their brand?
Jul 13, 2018 12:24:20 PM
When program managers are in the process of vetting new staffing suppliers to serve a contingent workforce program, there are several critical components they must pay careful attention to. Today, every supplier seems to offer a “we can do anything” support model, but it’s critical to dig a little deeper and ask the right questions to gain the foundation for a successful partnership. Here are some tips based on decades of experience in vetting staffing companies for our client MSP programs.
May 22, 2018 10:48:59 AM
The term “vendor neutral” is bandied about frequently in the design phase of a managed services program (MSP). The idea being that instead of a prime vendor model wherein one “prime” staffing vendor is engaged to fill all requisitions at pre-negotiated rates, requisitions are instead issued to an array of participating suppliers who issue competitive bids for each position. In theory, a vendor-neutral MSP model is quite successful at keeping bill rates competitive. Yet, in some cases, the neutrality of the MSP may not be as egalitarian as one may think. Here’s some inside information that can help a hiring organization ensure they’re being afforded true neutrality.
May 17, 2018 4:13:43 PM
My team and I derived many valuable insights from attending a recent event focusing on procurement trends in higher education. We learned a great deal about the dynamics surrounding contingent workforce management challenges facing the higher education industry. This blog focuses on the struggles with procurement of contingent labor and some potential solutions we developed after careful consideration of the dynamics in play.
May 10, 2018 12:08:12 PM
For many independent contractors, the following frustrating scenario is all too familiar: you’ve checked off all of the requirements of a contract for a fantastic gig and waiting for the final approval, only to be told you’ll need different levels of liability insurance to solidify the deal. For hiring managers, a similar scenario often unfolds: your on-site contingent workers are carefully selected ready to work, but must be turned away at the door because the staffing firm’s business insurance expired the day before. These are just two examples of the ways in which insurance requirements can become a barrier to accessing talent and advancing your business. In this blog, we take a closer look at how Bunker, a nextSource channel partner, is taking an innovative approach to help companies overcome insurance as a barrier by combining insurance and technology.
Apr 23, 2018 12:21:19 PM
Summer’s coming. Whether or not your local weather forecast still calls for cold, rain and snow, tank tops, flip flops and lazy days at the pool will be here before you know it. So too will be annual efforts to source and manage intern resources for the summer season. What follows in this post is a kind of “best of” culled from previous years’ posts on the do’s and don’ts of engaging summer interns as part of your workforce mix.
Mar 29, 2018 11:23:10 AM
Instituting a new program for workforce management—whether it be an MSP, a new VMS software solution or any other significant change to the way contingent labor is source, managed and administered—requires significant change. Changes to established practices are always going to cause friction and encounter resistance. And it isn’t just changing broken, inefficient processes. Sometimes, entirely new strategies call for change to practices that have been used to positive effect, but that need to be modified if the new solution is to yield the desired effect. Strong change management is critical to the success of any new policy or business process. Here is some wisdom on this subject culled from a leading authority on change management to help organizations avoid failure as they seek to improve workforce management.