Extract More Cost Savings From Your Contingent Labor and Services Procurement Programs
During this tough economy, nearly every corporate and government organization is making it a top priority to slash costs. Procurement and Human Resource executives should look to their contingent and contract labor programs as a source for potential savings.
Access the presentation slides from this high priority webinar featuring Forrester’s research analyst, Patrick Connaughton, as he discusses best practices associated with rate negotiations and the importance of benchmarking rates—both internally and externally. Sean Chou, CTO of Fieldglass, reveals some interesting cost related trends and anomalies identified while holistically analyzing its customer’s data.
This webinar addresses 5 key questions that can impact the ability to further reduce costs, including:
- What type of labor is most cost efficient? And, what is the proper mix of labor?
- How should rate cuts be allocated and enforced?
- Are there ways to work with suppliers to reduce their costs?
- Consider the proper number of suppliers: too few, too many, what is the right number?
- Can soft dollar savings be derived from areas such as cycle time, onboarding and offboarding?
Fieldglass, Inc. provides the leading unified technology platform for acquiring all human capital, including contingent workers, services and direct hires. The award-winning, on-demand InSite® product suite helps companies determine the right worker composition across all labor types and tap into known talent resources, such as alumni, retirees and interns. Using InSite, global companies can reduce hiring cycles, enforce compliance and control spend to remain competitive.