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Year in Review - nextSource Blog 2018 Highlights

Dec 27, 2018 10:00:00 AM

As has been our tradition here at the nextSource blog, we’re once again looking back over the last four quarters of content we’ve produced on a wide range of topics relevant to workforce planning and management. It is always interesting to make this review as it provides a tidy summation of the state of our industry and helps keep us focused on the subjects most relevant to workforce management professionals seeking to remain at the bleeding edge of developments and trends affecting their respective organizations. So, without further ado, here’s the recap of the road we’ve all traveled in 2018.

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Topics: Blog, MSP/VMS, Procurement Services, Cost avoidance, Cost savings, Human Resources, Best Practices, Workforce Management, Gig Economy, VMS, Strategic sourcing., Procurement

You’re Monitoring Minimum Wage, But What About Minimum Salary?

Nov 30, 2018 1:19:15 PM

 

Thorough workforce management professionals spend time monitoring minimum wage changes in the states and localities in which they have employees working, ensuring that pay rates for hourly wage earners (non-exempt employees) are set correctly in a VMS and for payroll purposes. Much less frequently examined are the minimum salary requirements in place for exempt (salaried) workers. Did you know that several states have weekly minimums in place for salaried employees that need to be reviewed?

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Topics: Blog, MSP/VMS, Compliance Services, Cost savings, Human Resources

Four Essential Functions to Seek When Selecting a Workforce Management Solution Provider

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.

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Topics: Blog, Statement of Work, MSP/VMS, Procurement Services, EOR Services, Human Resources, Mid-market

Why do Companies Partner with Employer of Record Firms?

Aug 22, 2018 2:28:51 PM

Have you ever wondered why companies partner with EOR firms to payroll pre-identified candidates? It’s all about the cost savings, efficiency and expertise an EOR firm can provide to organizations to help them save time and money.

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Topics: Blog, MSP/VMS, EOR Services, Cost savings, Workforce Management

Latest in Uber Litigation Saga Underscores the Value of Workforce Management Solutions

Aug 8, 2018 11:14:16 AM

 

One of these days, there will be a definitive higher court ruling on whether Uber must treat its drivers as employees or independent contractors. At that time, the precedent will be firmly established regarding whether Uber drivers should be considered “employees” or “contractors.” The latest chapter in the ongoing saga of Uber and drivers seeking redress for what they claim are abuses of worker classification regulations played out in a New York State courtroom recently. Here’s what the latest ruling means and some possible ramifications of the ruling.

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Topics: Blog, MSP/VMS, Compliance Services, EOR Services, Workforce Management, Independent contractors

M&A Activity and Market Gyrations Force Focus on Staffing Supplier Readiness

Aug 3, 2018 2:57:05 PM

How well can your existing supplier base scale with your business, particularly should your company be involved in a merger or acquisition? While your organization may not currently be an M&A target, the chances it may soon become one are increasing at precisely the same time as the staffing supply industry is experiencing a fragmentation into so many highly specialized but smaller provider organizations. If M&A action is initiated within your organization, or even simply in response to market fluctuations made more likely by the expanding trade war, we ask, “how well equipped is your supplier base to flex and ramp up to meet the challenge?”

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Topics: Blog, MSP/VMS, Workforce Management, Supplier Management

Applying the Iron Triangle Model to Contingent Labor Pricing Models

Jul 26, 2018 4:25:45 PM

My brother-in-law is a general contractor. When customers ask him for pricing quotes on home improvement projects, he often points to a sign in his office that states, “We do work properly, quickly, cheaply—pick 2.” The implication is, if done quickly and cheaply, proper process is not likely to be observed. If work is done properly, but cheaply, it may take longer to accomplish, and if you want it done properly and quickly, it will cost a premium. This triad model is sometimes referred to in a more serious business environment as the Iron Triangle, and here’s how you can apply its wisdom to contingent labor pricing models.

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Topics: Blog, MSP/VMS, Workforce Management

Why Cultural Fit is an Important Part of Selecting an MSP Partner

Jul 19, 2018 11:45:00 AM

Famous management consultant/guru, Peter Drucker is credited with saying “Culture eats strategy for lunch.” What he meant was that in any given business organization, even if the business strategy is a sound one, the enterprise will still fail to achieve its goals if the organizational culture is weak or otherwise unhealthy. In fact, of the three pillars of success in corporate structure—strategy, capability, and culture—culture is the most important and critical to achieve. That is why we urge customers to not overlook the culture of an MSP (managed services provider) with which they’re considering engagement.

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