You can’t manage what you can’t measure says the old business axiom. This is why performance minded managers employ key performance indicators or KPIs to help quantify critical aspects of performance in all areas of their business. For contingent workforce programs, there are common KPIs most frequently correlated with workforce management success. Knowing which ones are the most effective is a question frequently encountered by nextSource experts. So, let’s talk a bit about KPIs and how to select the ones best suited to driving success across your contingent workforce operations.
Aug 8, 2019 1:01:47 PM
Jun 28, 2019 4:55:37 PM
The regulatory fight over the laws governing the “gig economy” has gone Hollywood. But not in the good way and not in a way that Hollywood entertainment industry may regard as the typical happy movie ending. A longstanding business practice heavily utilized in the entertainment industry is at risk of being rendered illegal by pending legislation in California designed to govern worker classification practices called into question by high profile gig economy companies like Uber and others wholly unrelated to movies, TV and music performances. Here’s the story and possible implications for Tinseltown.
Jun 18, 2019 11:57:50 AM
The Wage and Hour division of the US Department of Labor (WHD) recently issued a letter that seemingly reverses the DOL’s position on the nature of gig economy workers and their classification as independent contractors. Here’s the latest on this issue which is of great import as the number of virtual marketplace companies (VMCs) continues to grow fueling the gig economy and attracting more workers to independent contractor status.
VMS? MSP? Which Solution is Best for Me? Part Three of a Three Part Series | Which Solution Should Be Deployed First?
Jun 13, 2019 12:21:22 PM
This is something of a “chicken or the egg” scenario – deciding whether an organization should embark first on a project to implement a vendor management system (VMS) tech platform or engage a managed services program (MSP) partner. In this third and final installment of the series, after having explored the benefits and challenges of both solutions, we’ll provide some insight on the proper order of operations. MSP first or VMS?
Jun 6, 2019 1:53:37 PM
In part I, we examined how to determine whether your company/organization is a good candidate for a VMS solution. This installment will take a similar look at whether your company is a good match for a managed services program for contingent workforce management. Here are a number of crucial questions to ask about your existing operations before deciding to deploy an MSP solution.
May 30, 2019 2:04:53 PM
Back in March, we published a post on the Top Four Considerations for Successful VMS Implementations. In the wake of that article, we were peppered with questions from prospective customers regarding how they can be certain that a VMS-only solution (a solution that does not incorporate an MSP) is the right prescription for their organization to manage their contingent workforce. After all, it makes sense to be sure the VMS is the right action before you consider what’s required to ensure a successful implementation. So here is some valuable perspective on how to determine if your company/organization is a good candidate for VMS-only solutions.
May 22, 2019 4:07:48 PM
With available talent scarce and staffing suppliers working harder than ever to source good workers in a low unemployment environment, the perennial question for workforce managers remains pertinent. How does one develop the best supplier partnerships to drive the greatest value and return? And how can an MSP help ensure your program is a priority for their staffing partners when those partners are being pulled in so many directions?
Jan 25, 2019 1:43:52 PM
There is a widely held misconception among workforce managers that co-employment is a risk to be avoided. In fact, many consider co-employment with the same ill regard as worker misclassification. In truth, whereas improper worker classification is something to be avoided under any circumstance (under strict, costly penalty), there are instances when co-employment is a net positive. Let’s clarify the definition of what constitutes co-employment and review how and when it is something to be embraced as opposed to avoided.