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Blog

What's the Difference Between Contractor and Independent Contractor

Jul 3, 2020 12:52:39 PM

One of the ways nextSource delivers value to its customers and to the broader workforce management industry is by helping educate customers and other practitioners alike in the sometimes complicated and rapidly changing business. There are numerous terms, practices, strategies and processes that fall under the aegis of contingent workforce management. Often the terminologies used to refer to these things are similar or even interchangeable. That’s why we’ll be doing a series of posts designed specifically to clarify terms, underscore important distinctions and contribute to the overall standardization of our collective industry efforts.

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

Embrace of Work-from-Home Arrangements Poised to Remake Workforce Management Practices

Jul 2, 2020 1:00:52 PM

A pair of recent articles about the unplanned migration of the workforce to work-from-home arrangements paint a provocative picture of what the future is likely to hold for workforce planning and labor markets in general. What are trends suggesting with regard to work-from-home arrangements and how will these trends modulate over time as circumstances evolve?

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Topics: Blog, MSP/VMS, Human Resources, Best Practices, Workforce Management, Gig Economy, Independent contractors

Examine the Efficacy of MSP Vendors in Light of COVID Stressors

Jun 24, 2020 11:15:22 AM

Staffing industry experts, like many other industry experts, are looking for the silver lining in the clouds of the pandemic. While there is nothing positive about the death and economic destruction wrought by the novel Coronavirus, there are some benefits that can be teased out of the destruction. For example, the stresses put upon existing business processes and practices are revealing the relative strength and weakness of many operations.

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Topics: Blog, MSP/VMS, Healthcare, Human Resources, Workforce Management, Independent contractors

What is the Contingent Workforce Management Program Maturity Assessment?

Jun 11, 2020 11:01:37 AM

It can be difficult to gain a truly objective overview of the strengths and weaknesses of your contingent workforce management operation. Especially when you’re busy addressing the day to day functions needed to keep the program operable. Complicating matters is the fact that, for even the most seasoned professional, one simply does not know what one does not know. That is why nextSource has developed the new, Contingent Workforce Management Maturity Assessment Program. This powerful new service offering delivers a complete, consultative assessment and in-depth analysis of your organization’s existing Contingent Workforce Program. Here’s how it works!

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

How Do MSP Solutions Cut Costs and Promote Cost Savings?

May 22, 2020 1:19:42 PM

Managing contingent labor is very different than managing HR for full time workers for a number of critical reasons. Perhaps your organization is leaning on contingent resources to address cyclical or seasonal peaks and valleys. Or maybe you have periodic need for talent in specialized areas or you have frequent short-term staffing needs that would not be appropriate to fill with full time workers. Whatever the case, it can be complicated to manage multiple, specialized staffing vendors and the budgeting process that goes with it. In any of these cases, the Managed Service Provider or MSP could be just the solution you need to capture cost savings in the management of contingent workforce resources.

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Topics: Blog, MSP/VMS, Cost savings, Workforce Management, Independent contractors

Staffing Industry Braces for Surge in Demand for Contract Workers as Online Higher Education Enrollment Poised to Explode

Mar 26, 2020 4:28:43 PM

For the last several years, nextSource has reported periodically on the increased use of contract workers in the Higher Education industry. We’ve also written at length about the rise of online education and how the staffing industry was forced to grapple with yet another industry competing for contract workers with the technical skill sets required to build out and maintain online learning systems. With the current COVID-19 crisis forcing nearly all activities into the cyber space, will Higher Education organizations see a spike in new online learning enrollments? Let’s examine the trends for some evidence to support this possibility.

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Topics: Blog, Statement of Work, MSP/VMS, Human Resources, Workforce Management, Higher Education

The Supplier Management Benefits of Diversity in Contract Labor

Mar 19, 2020 2:21:27 PM

nextSource is proud to have recently earned Women’s Enterprise Business National Council (WEBNC) certification as a woman-owned company. There are proven benefits to engaging supplier management organizations to help source and manage contract labor. Let’s examine some of the most significant ways diversity in supplier management for contract labor delivers positive outcomes for organizations.

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Topics: Blog, MSP/VMS, Cost savings, Human Resources, Workforce Management, Supplier Management

An Open Letter to Our Valued Clients, Associates and Business Partners Regarding COVID-19

Mar 15, 2020 5:45:36 PM

The World Health Organization has now declared that COVID-19 is a global pandemic.  We know that concern is growing regarding its impact on our families and friends, our places of business, and our overall economy.  Precautionary measures have caused all of us to make adjustments in nearly every aspect of our lives.

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

20 Trends that Will Shape the Next Decade: Part Four – Technology Trends

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.

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

20 Trends that Will Shape the Next Decade: Part Three – Economic Trends

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.

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