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?
Nov 7, 2019 10:32:37 AM
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?
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.
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.
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.
Aug 29, 2019 11:19:59 AM
Sometimes in life, we get the exact opposite of what we want. For the preponderance of workers responding to the SIA’s 2019 Temporary Worker Survey, a full-time job to replace temp work is what workers are wanting for. Yet, in today’s low-unemployment environment, there are still many who haven’t been able to join the ranks of the full-time employed. With the economy flashing recessionary warnings, it seems poised to get more difficult, not less difficult for those contingents yearning for full time roles. For employers and their staffing agencies however, some preventative planning can help make life as a contingent more rewarding than before which will be welcome when the economy cools and full-time jobs grow more scarce. Here’s some advice in that regard.
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.
Jul 2, 2019 2:22:52 PM
As we pause to observe the blessings of American Independence and the freedoms, opportunity and common objectives we all share this Fourth of July, nextSource would like to recognize the role played by workforce diversity in the history and future of our great nation. We wouldn’t be who we are as Americans without the multifaceted contributions, sacrifices, blood, sweat and tears of patriotic peoples of all color, race, creed and orientation. We’ll also share some data pointing to the accelerating pace of expansion in the diversity workforce.