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Blog

SOW and Project Services Management Never More Important During Pandemic

Apr 2, 2020 2:53:24 PM

The “new normal” for workforce management in the midst of a pandemic includes a heavy utilization of remote workers wherever this is possible. In order to retain productivity levels, many organizations may be considering engagement of remote worker types for the very first time. For finite but important non-core projects SOW project workers are a good solution. For those already familiar with (but perhaps not heavily leveraging) remote project management or SOW services, there is also an increased need for project services management guidance and expertise. Good news is, nextSource is well-equipped to help any organization optimize SOW and project services management strategies.

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Topics: Blog, Statement of Work, Workforce Management, temporary staffing, Gig Economy, 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

nextSource Blog Retrospective for October and November

Dec 6, 2019 10:12:44 AM

The nextSource Blog is your one-stop shop for incisive industry perspectives, best practices, innovative ideas and overall thought leadership on all things relevant to workforce management.  Today’s post will look back over the last few months of posts to provide a brief synopsis of all the hard-hitting and valuable content this blog has been producing consistently for years. 

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Topics: Blog, Statement of Work, MSP/VMS, Procurement Services, Workforce Management, Technology, Retail, Gig Economy, Retrospective

What is a SOW?

Oct 27, 2019 1:47:33 PM

An SOW or “statement of work”, is a formal document used in project management practices to broadly describe scope of work to be completed on a given project, the responsibilities of involved participants, and expectations regarding execution within the project. It’s a routinely used tool for the management of vendors, freelance and contract labor engaged to work on a project. SOW is a term utilized by contingent workforce managers to not only describe documents capturing the work products and services including work activities and deliverables to be supplied under a contract, or as part of a project timeline, but also a service that enables the governance and outsourcing of finite projects to a team on non-employee workers.

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Topics: Blog, Statement of Work, Procurement Services, temporary staffing, Independent contractors

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

Balancing Fixed and Variable Labor Costs in Workforce Management

Apr 11, 2018 10:36:05 AM

The use of contingent labor—whether temp staffing, SOW/project workers or straight independent contractorsis largely driven by the need to reduce operating costs in ever increasingly competitive markets. The challenge is in achieving the proper workforce composition and balance between full time and contingent resources. Too many of the former and labor costs can drag on profitability. Too many of the latter and overall operational efficacy can suffer. Let’s examine how organizations can achieve the proper balance.

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Topics: Blog, Statement of Work, MSP/VMS, Workforce Management

The Best of the nextSource Blog for 2017 – A Retrospective

Dec 26, 2017 2:15:12 PM

As the year draws to a close, editorial staff here at the nextSource blog likes to look back at all the informative content we’ve produced to share with you, our readers. This year, the blog was home to some very hard-hitting articles just busting at the seams with useful perspectives, strategies, analysis and recommendations for helping organizations like yours navigate the challenges of modern workforce management. What follows is our editors’ choices from a year replete with great content. Take a stroll down memory lane as we revisit some of the most important topics of 2017.

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Topics: Blog, Statement of Work, MSP/VMS

MSP/VMS Stagnation? Perhaps You Need a Re-launch

Dec 20, 2017 10:53:31 AM

One of the challenges that comes from being a service provider known for long-term client retention is being involved in customers’ operations long enough to grapple with the problems arising from program maturation. Everyone knows the “honeymoon” period for a new VMS/MSP solution occurs in the first year or so, during which the low hanging fruit of process improvement, clarified rate visibility and other benefits are captured. It isn’t until the second or third year into the program that customers can sometimes begin to experience diminished returns from their VMS/MSP initiatives. This isn’t because the solution grows less effective. It is almost always because the underlying assumptions and business requirements are no longer what they were when the program was first designed and deployed. This guest post, penned by DCR Workforce vice president, Richard Snider, explains what organizations in this position should do to address the malaise of year-three programs.

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Topics: Blog, Statement of Work, MSP/VMS