The much-hyped benefits of using a contingent workforce can be realized only when the contingent worker management program is carefully planned and all its elements are effectively executed.
Organizations place the responsibility on staffing companies, who offer themselves as employers of record for contingent workers and provide end-to-end support through worker administration. The Service Level Agreements between a staffing company and its client assign most of the responsibility for the effective management of the contingent worker program to the staffing company. We can say, with confidence, that providing temporary staffing solutions becomes extremely easy with the adoption of a reliable Vendor Management System (VMS).
Not all suppliers agree that a VMS is in their best interest, and they may have unexpressed reservations against the idea of bringing in a Vendor Management System as well as an intermediary in the form of a Managed Services Provider (MSP). They also may dislike the idea of a supplier-funded VMS, its disciplined approach to the distribution of requirements and its scrutiny of supplier performance and the standardization of rates. Many staffing suppliers may also erroneously think that a VMS translates to oppressive control over their staffing services and their rates as well as potentially fear the competitiveness enforced by the system.
The use of a VMS and MSP offers an organization and its managers, a great deal of control over the recruitment, use and management of a temporary workers, providing complete transparency and visibility into the program’s spend, management and performance. Staffing companies benefit a great deal, too, in different ways with a VMS in the mix – provided that staffing companies adopt their business strategy to include the functionalities offered by the VMS. By doing so, they would become much more efficient and increase their revenues substantially, irrespective of how big or small they are, as their staffing solutions enjoy the following benefits:
All these advantages enable a supplier to focus more efforts on sourcing the right talent through recruitment as they need less time and money to spend on expanding business opportunities and administrative tasks. A supplier with a good track record for performance can reach even greater heights, as they focus solely on the quality of talent they source and supply to their clients.
Conducting periodical evaluations in addition to rewarding and recognizing the top performers for their staffing services is easily possible for any organization that uses a reliable Vendor Management System. No high-performing supplier needs to mind such recognition through such a useful tool offering a great value addition!
If you’re interested in crossing the road to a world-class VMS, Smart Track, email us at firstname.lastname@example.org.
Mail (will not be published) (required)
1 + seven =
Thanks for Subscribing to DCR Blog.