Recently, a colleague mentioned how he heard someone stating that VMS programs fail to provide desirable results when they try to be all things to all companies. But, I find the logic convoluted and insupportable. Will a doctor with a super-specialty in Oncology forget the basics of how the human body functions? One should think definitely not!
We all agree that a VMS will be successful only if it delivers on the basic functionality it promises to deliver to companies. But, the additional functionality it offers is like the proverbial cherry on the cake, as customers are bound to see their utility and value. We know that a good VMS improves the visibility and transparency into the workings of a contingent workforce program and helps to get recruit best available talent, in the shortest time possible; while streamlining costs. But, in my experience, having the other features which a thoughtful vendor with a deep knowledge of the industry could incorporate into the VMS is extremely good to have!
Must Have Features:
Good to Have:
The days when buyers looked at a VMS for cost savings alone have passed. As the presence of contingent workers within an organization grows, so does the imperative to effectively manage this critical business asset. This awareness needs to underlie any purchase decision or one could end up acquiring a Trabant-like VMS which can never stand up to the avant-garde features offered by some programs. Those thinking of introducing a VMS system into their organization for the first time, or those who feel that their current system does not go far enough, should do extensive comparison shopping to find a system that is best aligned with today’s needs and will grow and adapt as your business needs change in the future.
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