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Blog

The Staffing Industry Appreciates US Military Veterans’ Service

Nov 13, 2019 2:40:52 PM

At nextSource and among the staffing industry at large, personal achievement is taken very seriously. It’s why we work diligently to help organizations achieve a well-balanced workforce; at the same time, we help workers to achieve their career goals. On this Veteran’s Day, we turn our attention to the men and women who serve in America’s Armed Forces and who personify personal achievement.

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Topics: Blog, Human Resources, Workforce Management, temporary staffing

Staffing Industry and Hiring Organizations Brace for New Industry Reporting to be Required by SEC

Nov 7, 2019 10:32:37 AM

The Securities and Exchange Commission (SEC) has proposed new regulations for publicly traded companies that would require reporting on the size and composition of the workforce. This is likely a reflection of the significant evolution of the American workforce over recent decades. Clearly, the SEC and investors believe there is actionable investment information to be gained from knowing more about a company’s labor force, its composition and utilization. So, what might new reporting rules involve and how might they affect the staffing industry and workforce management planning at all kinds of companies?

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Topics: Blog, Compliance Services, Human Resources, Workforce Management, temporary staffing, Gig Economy, Independent contractors

Is it Time to Consider a Procurement Services Provider for Contingent Labor?

Oct 31, 2019 12:05:44 PM

Your procurement department is probably well-equipped to source the goods your organization needs. From raw materials needed to produce products to office supplies, they’ve got it well in hand. However, services procurement – that is buying services such as contingent labor of all varieties like temp labor, project workers, and independent contractors – is a completely different kind of purchasing. For these more complex procurement needs, many organizations turn to a procurement services provider or ‘PSP’. What is a procurement services provider and is it time to consider engaging one to support your contingent workforce management sourcing needs?

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Topics: Blog, Procurement Services, temporary staffing, Independent contractors

What is a SOW and Who Needs One?

Oct 27, 2019 1:47:33 PM

What is a SOW or “Statement of Work” and why should those responsible for contingent workforce management be aware of this particular type of engagement? This article will provide a brief primer on the SOW, including what it is, how it works and how it can be a very effective arrow in your contingent workforce management quiver.

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Topics: Blog, Statement of Work, Procurement Services, temporary staffing, Independent contractors

Why MSP/VMS Solution for Contingent Labor is a Necessity for More Organizations

Oct 15, 2019 6:18:15 PM

Contingent labor as a spend category continues to grow and today represents a significant percentage of overall indirect spend for many organizations. According to Deloitte, some large enterprise organizations report spend focused on contingent workers equals the rest of their entire procurement spend! Many enterprise organizations have already determined that an MSP/VMS solution is critical to success when it comes to contingent workforce management. Yet the mid-market still labors with low adoption of these solutions. Here’s what the mid-market can learn from the hard-won wisdom of their enterprise-level counterparts about the necessity of MSP/VMS solutions for contingent labor procurement.

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Topics: Blog, MSP/VMS, Cost savings, temporary staffing, Mid-market, Procurement

Avoid Getting Bitten in the Tail (Spend)

Oct 11, 2019 1:41:32 PM

Tail spend is defined as the roughly 20% of a procurement department's spend allocated to non-core transactions. Typically, this is spend on items not significant enough to be run through a procurement process, typically due to a high volume of small suppliers and limited in-house resources available to manage them. For most organizations engaging niche suppliers to accommodate specialized contingent staffing needs, this type of niche spend often falls into the “tail spend” category. While spend in this bucket may be small overall, the risks associated with workforce procurement may represent outsized risks and as such, it warrants increased attention to avoid potentially costly problems. Here’s what you need to know.

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Topics: Blog, Procurement Services, Cost savings, Best Practices, Procurement

Work Environment Considerations Differ for Contingent Workers

Oct 4, 2019 10:51:00 AM

Did you know that contingent workers sometimes suffer quietly in a toxic work environment (TWE) while their full-time counterparts are not feeling (or even aware of) the pain? Turnover caused by toxic company culture has cost an estimated at $223 billion according to a report released recently by the Society for Human Resource Management.  Volumes have been written about the risks and ramifications of allowing a toxic work environment to exist. What’s less well explored are the contours of the toxic work environment within the contingent workforce. 

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Topics: Blog, Human Resources, Workforce Management, temporary staffing, Independent contractors

Recent Developments Seem to Favor Current Human Cloud IC Classification Model

Sep 27, 2019 12:31:38 PM

The nextSource Blog has been covering the ongoing saga of gig economy pioneers like Uber for at least the last five years in posts like this from 2015 and this from earlier this summer. Companies like Uber, Lyft and scores of other gig economy organizations continue testing the boundaries of labor laws, tax regulations, and the very nature of the employer/employee relationship. They represent significant evolution in the nature of workforce management and keeping abreast of the changes wrought by these disruptive models is imperative to all organizations leveraging human cloud, gig economy and other emerging worker types. These two recent developments in the ongoing Uber story suggest the pendulum is swinging back toward favoring the “Uber model” for worker classification.

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Topics: Blog, Compliance Services, Best Practices, Workforce Management, Gig Economy, Independent contractors