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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

The Future of Work is Socially Distant in the Age of COVID-19 (and Beyond?)

Mar 27, 2020 1:29:06 PM

For most of human history, work has been an inherently shared activity with most types of jobs being performed in settings where groups of co-workers interact. However, there is a rather significant subset of job roles that lend themselves well to being performed by remote and the rising percentage of remote workers in recent years attests to this fact. Now, with the COVID-19 pandemic, many workers who may not have been permitted to work via remote before, are left no other choice but to telecommute full time. It is a logical conclusion that after the crisis has abated, the future of work may favor a longer-term movement in all industries to permit, or even promote remote working as an option. How might this effect workforce management practices?

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Topics: Blog, Human Resources, Workforce Management, temporary staffing, Gig Economy, Independent contractors, VMS

What is a VMS?

Mar 27, 2020 1:18:02 PM

A VMS or Vendor Management System is a web-based software application designed to support the procurement and management of staffing services – including temp staff, outside contract or contingent labor – for mid-sized to large businesses and other organizations. VMS solutions enable the effective management of contingent workforce hiring processes from one, easy-to-use platform. A VMS streamlines and automates every step involved in the sourcing, acquisition, management and payment of contingent labor. VMS is used either by internal workforce management/HR users or by an MSP team on behalf of their client.

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Topics: Blog, Procurement Services, Workforce Management, temporary staffing, Technology, Mid-market, Independent contractors, VMS

What is the Gig Economy, and Should I Introduce it to My Organization?

Nov 20, 2019 11:16:31 AM

nextSource recently had the opportunity to address the HR Alliance in Washington DC. The topic that was on the minds of many in the audience was the Gig Economy. The audience was seeking to understand this mushrooming new labor channel.

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Topics: Blog, Human Resources, Workforce Management, temporary staffing, Technology, Gig Economy, Strategic sourcing.

The Staffing Industry Appreciates US Military Veterans’ Service

Nov 13, 2019 2:40:52 PM

At nextSource and among the staffing industry at large, personal achievement is taken very seriously. It’s why we work diligently to help organizations achieve a well-balanced workforce; at the same time, we help workers to achieve their career goals. On this Veteran’s Day, we turn our attention to the men and women who serve in America’s Armed Forces and who personify personal achievement.

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Topics: Blog, Human Resources, Workforce Management, temporary staffing

Staffing Industry and Hiring Organizations Brace for New Industry Reporting to be Required by SEC

Nov 7, 2019 10:32:37 AM

The Securities and Exchange Commission (SEC) has proposed new regulations for publicly traded companies that would require reporting on the size and composition of the workforce. This is likely a reflection of the significant evolution of the American workforce over recent decades. Clearly, the SEC and investors believe there is actionable investment information to be gained from knowing more about a company’s labor force, its composition and utilization. So, what might new reporting rules involve and how might they affect the staffing industry and workforce management planning at all kinds of companies?

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Topics: Blog, Compliance Services, Human Resources, Workforce Management, temporary staffing, Gig Economy, Independent contractors

Is it Time to Consider a Procurement Services Provider for Contingent Labor?

Oct 31, 2019 12:05:44 PM

Your procurement department is probably well-equipped to source the goods your organization needs. From raw materials needed to produce products to office supplies, they’ve got it well in hand. However, services procurement – that is buying services such as contingent labor of all varieties like temp labor, project workers, and independent contractors – is a completely different kind of purchasing. For these more complex procurement needs, many organizations turn to a procurement services provider or ‘PSP’. What is a procurement services provider and is it time to consider engaging one to support your contingent workforce management sourcing needs?

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Topics: Blog, Procurement Services, temporary staffing, Independent contractors

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