It isn’t surprising that the contingent workforce is growing. Whether it’s independent contractors, temporary workers, statement-of-work (SOW) workers, freelancers or consultants, they bring significant value to your organization. They:
But an estimated 25% to 35% of the average company’s overall workforce is contingent and growing. Your HR and Procurement leaders face new demands in strategically managing and governing this vital workforce.
If your company is behind the curve in contingent workforce management (CWM), you’ll see diminishing returns from your program and decreasing value in your contingent workforce. Maybe you lack the processes, tools and best practices to source, onboard, manage, track and offboard your contingent workforce effectively. If so, you’ll face growing challenges, some of them costly. Consider the following:
The Beeline + IQN Compass Vendor Management System (VMS)—which includes Contingent Workforce Management, SOW and Headcount Tracking solutions―automates the end-to-end lifecycle of managing your contingent workforce and the suppliers who provide them to you. The solution enables Procurement and HR teams to establish standardized workflows across all CWM activities.
Our highly secure software-as-a-service (SaaS) platform empowers you to manage your contingent labor more effectively and optimize your investment in this growing workforce. The Beeline +IQN Compass Contingent Workforce Management solution can help you: