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Blog

20 Trends that Will Shape the Next Decade: Part Two - Social Trends

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.

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Topics: Blog, MSP/VMS, Human Resources, Workforce Management, Gig Economy, Mid-market

20 Trends that Will Shape the Next Decade: Part One – Demographic Trends

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.

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Topics: Blog, MSP/VMS, Human Resources, Workforce Management, Gig Economy, Mid-market

Coronavirus Pandemic Highlights Need for Response Plans with MSP Partners

Feb 27, 2020 12:45:50 PM

An ounce of prevention, they say, is worth a pound of the cure. While scientists suggest a vaccine for the current Coronavirus outbreak may be 12 to 18 months away, even if it were found today, there will always be ongoing risks to operational continuity posed by the outbreak of pandemic disease. Whether operating globally or domestically, every organization should have a pandemic management program as part of its overall disaster and business continuity policy. Here are some guidelines for devising and implementing such a program for your organization.

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Topics: Blog, MSP/VMS, Best Practices, Workforce Management

Dissatisfied with Your existing MSP or VMS Program? - Pros and Cons of Making a Change

Jan 24, 2020 1:05:35 PM

You’ve engaged a managed service program (MSP) solution to outsource contingent workforce management to what you expected would be a trusted partner with the requisite expertise to keep contract roles filled and properly administered. Or perhaps you’ve deployed a Vendor Management System (VMS) software solution to automate your services procurement processes and ensure compliant administration of contingent labor resources. Both solutions required significant time and money to select and implement. So, what happens when either your MSP, your VMS or both fail to achieve the intended goals and you’re faced with making a change? Here are some pros and cons to making the fraught decision.

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Topics: Blog, MSP/VMS, Best Practices, Workforce Management

Selecting a Socially Responsible Workforce Managed Service Program Provider

Jan 16, 2020 4:08:21 PM

Frequently when responding to requests for proposals (RFP) for nextSource’s managed service program offerings, we encounter questions about “sustainability”. Typically, sustainability questions address the traditional notion of environmental issues/impacts, which are somewhat irrelevant when the offering is a service like managed services programs for sourcing human capital. However, there is a discussion to be had about the sustainability of labor MSP sourcing practices; one that involves examination of the “social conscience” of an organization and the extent to which a service provider delivers equitable sourcing methodologies and other interactions with the communities it serves. Here is what to look for when seeking an MSP partner with strong social conscience.

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Topics: Blog, MSP/VMS, Human Resources, Best Practices, Workforce Management

New Year Brings Raft of Regulatory Changes Impacting Contingent Workforce Management

Jan 10, 2020 1:02:39 PM

The New Year and new decade bring new changes to Labor Laws at both the Federal and individual states’ levels. For the busy contingent workforce manager, the changes can be very easy to miss, but the price for failing to stay abreast of laws and regulations makes it critical that they’re observed and understood. Today’s post will highlight a number of the more high-profile changes and underscore the benefits of partnering with a knowledgeable provider of effective supplier management and contingent workforce management solutions.

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Topics: Blog, MSP/VMS, Best Practices, Workforce Management, Independent contractors

What is an MSP?

Dec 13, 2019 11:00:00 AM

An MSP or Managed Services Program is a service that enables customer organizations to outsource the responsibility for maintaining a range of business processes and operational functions in order to deliver the benefit of technology solutions and services instead of managing said processes internally. MSPs typically manage services procurement, staffing supplier relationships, and other talent sourcing and administration functions using relevant technologies like Vendor Management System (VMS) platforms and other tech tools.

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Topics: Blog, MSP/VMS, Human Resources, Workforce Management, Supplier Management, Technology, Strategic sourcing.

nextSource Blog Retrospective for October and November

Dec 6, 2019 10:12:44 AM

The nextSource Blog is your one-stop shop for incisive industry perspectives, best practices, innovative ideas and overall thought leadership on all things relevant to workforce management.  Today’s post will look back over the last few months of posts to provide a brief synopsis of all the hard-hitting and valuable content this blog has been producing consistently for years. 

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Topics: Blog, Statement of Work, MSP/VMS, Procurement Services, Workforce Management, Technology, Retail, Gig Economy, Retrospective

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

When Provider/Partners Fail – How to Avoid Being Caught in the Aftermath

Sep 20, 2019 3:27:25 PM

If a staffing company, payroller, EOR or other workforce management service provider serving your programs were to wind up in trouble with the law or suddenly become insolvent, it could spell big trouble for your operations. The most recent example of this catastrophic occurrence has affected numerous unfortunate organizations and reveals a risk to organizations relying on these provider/partners. Read on for details about this most recent example, along with a rundown of associated risks and what you can do to protect your contingent workforce management program from becoming a victim.

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Topics: Blog, MSP/VMS, EOR Services, Best Practices, Workforce Management, Gig Economy