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Contingent Workers Help Bridge the Gap During an FTE Hiring Freeze

May 29, 2020 3:59:34 PM

During times of economic uncertainty or widespread market disruption, it is not uncommon for organizations to impose some form of hiring freeze for full time employees or full-time equivalents. Freezing hiring for all non-essential positions can give an organization the opportunity to consolidate current employee rosters and restructure departments to minimize labor costs while protecting core operational capability. However, operating during a hiring freeze doesn’t have to hamstring your ability to optimize workforce efficiency. Leveraging contingent workers offers a good workaround during a hiring freeze. Here are a number of ways how contingent workers can help bridge the gap.

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Topics: Blog, Human Resources, Best Practices, Workforce Management, Independent contractors, Procurement

Be Aware of the Hidden Risks Involved with Misclassified SOW Workers

May 29, 2020 3:42:40 PM

Misclassification of SOW labor is a special kettle of fish. While there is a wealth of information to underscore the risks and consequences of independent contractor (IC) misclassification, there seems to be far less out there on the risks of misclassification of SOW vendors/resources. Let us examine the specific classification pitfalls inherent in leveraging SOW services so as to avoid painful consequences for your operation.

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Topics: Blog, Statement of Work, Compliance Services, Human Resources, Workforce Management, Independent contractors, Procurement

How Will Growth of Online Learning Influence Contingent Labor in Higher Education?

May 28, 2020 2:04:21 PM

Like so many other industries, the Higher Education industry is sailing through uncharted waters when it comes to the use and utilization of contingent labor resources in a pandemic age. Prior to the outbreak of COVID-19, Higher Ed had been working to strike the most effective balance between the stability of full-time, tenure-track faculty and the flexibility of contingent workers. However, the overnight and wholesale flight of education from the “dirt world” to the digital/online world has upended the conventional wisdom on how to approach contingent labor utilization in Higher Ed. While there is no clear direction forward, here are some considerations for those tasked with managing workforce for institutions of higher learning.

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Topics: Blog, Human Resources, Workforce Management, Independent contractors, Procurement, Higher Education

Revisiting the Impact of Online Learning on Higher Ed Contingent Workforce Hiring in a COVID-19 World

May 14, 2020 3:47:04 PM

Toward the end of 2018, nextSource Blog published an article highlighting the robust growth of online study and the impact of this trend on the utilization of contingent workforce assets among higher education organizations. Today, as students all over the world are forced to engage in studies online due to COVID-19, we are reexamining how this trend has accelerated to light speed almost overnight. What are the ramifications for hiring authorities within higher education as this wholesale shift changes how schools operate?

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Topics: Blog, Human Resources, Workforce Management, Independent contractors, Procurement, Higher Education

Recruitment and Talent Acquisition – What is the Difference?

Feb 13, 2020 10:40:36 AM

Think of it this way, all recruiting is talent acquisition, but not all talent acquisition is focused on recruiting. Talent acquisition describes the long-term process of planning the overall composition of the workforce and the best practices for delivering the goals set forth. Recruitment is the short-term process of filling a role with the right talent. Talent acquisition in a strategic sense, builds on the talent sourced during the recruitment process and leverages it to fill similar positions over time.

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Topics: Blog, Procurement Services, Best Practices, Workforce Management, Strategic sourcing., Procurement

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

Avoid Getting Bitten in the Tail (Spend)

Oct 11, 2019 1:41:32 PM

Tail spend is defined as the roughly 20% of a procurement department's spend allocated to non-core transactions. Typically, this is spend on items not significant enough to be run through a procurement process, typically due to a high volume of small suppliers and limited in-house resources available to manage them. For most organizations engaging niche suppliers to accommodate specialized contingent staffing needs, this type of niche spend often falls into the “tail spend” category. While spend in this bucket may be small overall, the risks associated with workforce procurement may represent outsized risks and as such, it warrants increased attention to avoid potentially costly problems. Here’s what you need to know.

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Topics: Blog, Procurement Services, Cost savings, Best Practices, Procurement

Business Leaders Must Partner with HR on Gig Economy Strategy

Sep 12, 2019 12:10:46 PM

With so many members of the American workforce migrating from the ranks of traditional W2 wage-earning positions toward the flexibility and autonomy of gig economy jobs, business leaders are responding to increasing calls from their HR management for approval to leverage gig economy labor in certain critical roles. The savvy business leader understands that contemporary organizations have much to lose by failing to harness the benefits of gig workers while their competition does. Here’s some of the steps needed to make an HR-driven gig economy practice come to life in your organization.

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Topics: Blog, Human Resources, Best Practices, Workforce Management, Gig Economy, Procurement

Help on the Way for Harried Talent Acquisition Professionals

Sep 9, 2019 3:17:51 PM

The rapid growth in adoption of contingent labor among all kinds of organizations has become a burden on the talent acquisition community. Talent acquisition professionals are busy enough grappling with sourcing in a historically low unemployment environment where finding not just bodies to fill seats, but talent that can be developed for longer-term and temp-to-hire positions is already a heavy lift. Executing the steps needed to succeed – such as defining employer brand, building positive culture, workforce planning, sourcing and measuring performance analytics – can seem beyond the ability of TA pros to achieve.  Luckily, there are resources out there to help.

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Topics: Blog, Human Resources, Best Practices, Workforce Management, Procurement

Happy Birthday to America – A Land Built by Diversity Then and Now

Jul 2, 2019 2:22:52 PM

As we pause to observe the blessings of American Independence and the freedoms, opportunity and common objectives we all share this Fourth of July, nextSource would like to recognize the role played by workforce diversity in the history and future of our great nation. We wouldn’t be who we are as Americans without the multifaceted contributions, sacrifices, blood, sweat and tears of patriotic peoples of all color, race, creed and orientation. We’ll also share some data pointing to the accelerating pace of expansion in the diversity workforce.

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Topics: Blog, Workforce Management, Independent contractors, Procurement