Contingent Workforce

More and more companies are leveraging contingent workers to meet global business needs and respond to a dynamic market. But managing this growing workforce is…complicated.
Beeline + IQN can help.

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The Growing Need for Contingent Workers

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:

  • Reduce costs for your company
  • Offer specialized skillsets for limited periods of time
  • Can be onboarded faster than employees
  • And more

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.

Contingent Workforce Management
Contingent Workforce Management

Is Your Contingent Workforce Value Slipping Away?

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:

  • Can you easily manage the quality and compliance of the many candidates your suppliers are providing you, as it relates to your corporate policies around background checks, certifications, approvals and so on?
  • In dealing with a multitude of staffing suppliers providing contingent workers across many job categories in different regions, are you getting fair rates for the type of workers you need? How are you managing supplier performance across the globe?
  • Do you have complete visibility and reporting on every contingent worker around the globe, as far as headcount, projects, system access, and so on?
  • Do you have the right processes and controls in place to ensure quick yet thorough offboarding that ensures your data and facilities remain protected?

End-to-End Contingent Workforce Management

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:

  • Source quality talent quickly
  • Accelerate onboarding
  • Improve cycle times
  • Reduce costs
  • Mitigate risk
  • Optimize supplier performance
  • Improve overall CWM performance
  • Scale your program to meet growing demands for contingent workers
Contingent Workforce Management

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