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Blog

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, Workforce Management, Cost savings, EOR Services, MSP/VMS

The Dynamics Behind a Successful Multi-Generational Workforce

Aug 17, 2018 1:00:12 PM

 

We’ve all seen them. Articles on social media sites, blogs, newspapers and magazines talking about lazy, entitled Millennial's. Or the ones about greedy Boomers warping the natural progression of the labor force, staying too long in the career market despite having the wherewithal to retire. There’s also no shortage of articles blasting Gen Xers, and other generational groups. However, if you’re looking to build and manage a successful, modern contingent workforce, you’re better off instead focusing on understanding the differences and motivators attributable to various generational attitudes. Here are a few things to consider about each generation that can help in your pursuit of more effective workforce management practices.

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Topics: Blog, Workforce Management, Gig Economy, Independent contractors

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, Workforce Management, Independent contractors, EOR Services, Compliance Services

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, Workforce Management, Human Resources

Happy Fourth of July from nextSource!!

Jul 3, 2018 10:52:15 AM

 

As we prepare to celebrate America’s birthday this Fourth of July, the entire staff at nextSource pauses to reflect on the all the ways in which the American workforce has been instrumental in building this great nation. More than any other factor, American labor has been the driving force for economic development, innovation, and achievement emulated by economies across the globe. On this Fourth of July, we want to shine a light on one of the key elements which continues to support the growth of the American economic engine—diversity.

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Topics: Blog, Workforce Management

Retaining Contingent Talent in an Employee’s Market: Part III

Jun 26, 2018 10:00:00 AM

In Parts 1 and 2 of this series, we examined the Work Institute’s annual report on workforce retention was compiled from more than 234,000 exit interviews. Having uncovered the main reasons why employees decide to leave a job, this third and final installment looks at the financial impact of high employee turnover in the contingent arena and ways workforce management strategies can be leveraged to mitigate turnover.

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Topics: Blog, Workforce Management