A VMS or Vendor Management System is a web-based software application designed to support the procurement and management of staffing services – including temp staff, outside contract or contingent labor – for mid-sized to large businesses and other organizations. VMS solutions enable the effective management of contingent workforce hiring processes from one, easy-to-use platform. A VMS streamlines and automates every step involved in the sourcing, acquisition, management and payment of contingent labor. VMS is used either by internal workforce management/HR users or by an MSP team on behalf of their client.
Mar 27, 2020 1:18:02 PM
Mar 12, 2020 1:35:37 PM
Part Four of a four-part series on the future of work and the developments impacting contingent workforce management focuses on “the ubiquity of technology”. This series continues to identify select perspectives contained in the comprehensive “2020 Report – 20 Trends that Will Shape the Next Decade” and other corroborating sources.
Mar 6, 2020 11:00:00 AM
Part Three of a four-part series on the future of work and the developments impacting contingent workforce management focuses on economic trends. This series continues to identify select perspectives contained in the comprehensive “2020 Report – 20 Trends that Will Shape the Next Decade” and other corroborating sources.
Mar 5, 2020 2:40:40 PM
Part Two of a four-part series on the future of work and the developments impacting contingent workforce management focuses on social trends. This series continues to identify select perspectives contained in the comprehensive “2020 Report – 20 Trends that Will Shape the Next Decade” and other corroborating sources.
Mar 5, 2020 1:26:31 PM
Part One of a four-part series on the future of work and the trends impacting contingent workforce management focuses on demographics. This series will select perspectives contained in the comprehensive “2020 Report – 20 Trends that Will Shape the Next Decade” and other corroborating sources.
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.
Mar 12, 2019 12:48:39 PM
With increasing frequency over the last decade, large employers have been inserting clauses into their employment contracts requiring new hires to waive their right to file suit against the employer for any reason. Instead, these agreements required as a condition of employment, that any claims arising within the workplace be instead adjudicated through arbitration instead of the courts. Arguably, this trend protects employers at the expense of labor rights. But this may be changing due to recent shifts in societal perspectives. Here’s the latest on this important labor rights issue.
Nov 20, 2018 4:22:05 PM
There are a myriad of challenges facing organizations with respect to workforce planning in a labor environment growing more complex by the year. This is why so many small and mid-sized businesses (SMBs) are following the lead of large enterprises in engaging third-party solutions to address problems such as talent gaps, worker classification, tax filings, workers’ compensation, insurance, onboarding/off-boarding, and many others. Here are four key functions any quality solution provider must be able to address so that an organization can fully focus on core business instead of dealing with these labor-intensive and time-consuming tasks.
Nov 16, 2018 3:31:04 PM
The National Center for the Middle Market report at the close of the third quarter revealed some interesting perspectives on what SMBs have to look forward to in 2019. This post will digest the key themes and ideas articulated by the report and provide some commentary on the implications.
Oct 26, 2017 8:34:00 AM
As reported in Part I of this two-part series, the National Center for the Mid-Market’s Q3 market review trumpeted “strong growth, confidence and optimism” among mid-market organizations of all kinds. With 7.0%, year-over-year revenue growth remaining steady and a well-above average 6.4% growth in employment rates, we suggested that now would be an excellent time for mid-market companies to invest in strategic workforce management programs and systems. In this segment, we’ll examine some of the other workforce management strategies and practices that could be of significant value to mid-market concerns.
Oct 19, 2017 9:00:00 AM
“Strong growth, confidence and optimism” screams the headline of a Q3 market review published by the National Center for the Mid-Market. With this positive outlook, there has never been a better time for mid-market organizations to adopt the highly effective workforce management strategies that their larger counterparts are already using. Here is a closer look at the report and some specific strategies mid-market organizations should pay attention to.