Best Practices in Category Spend Management: Contract Labor [Aberdeen Group]
Contract labor, a critical component of companies’ talent management strategies, has too often fallen through the cracks between human resources and procurement. Yet, it has recently come under significant examination by both departments. Why? Following high profile corporate litigation cases, companies are concerned about managing contract labor more effectively to avoid regulatory risks such as co-employment issues and Sarbanes-Oxley compliance.
And business use of contract labor continues to rise as companies hesitate to staff in uncertain economic conditions and individuals favor flexible work arrangements. However, companies report that inconsistent manual processes have been the biggest hurdles to improvement, followed by poor visibility into contract labor commitments and sustaining labor-quality levels in an increasingly competitive labor market today.
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Fieldglass, Inc. provides the leading SaaS platform to procure and manage contingent workers, services such as statement of work projects, independent contractors, and specialized talent pools. The highly-configurable product suite provides transparency into the entire workforce and helps companies optimize program performance and make more strategic labor decisions. Backed by proven experience and the industry's largest customer base, Fieldglass helps Global 2000 firms realize greater efficiencies, control spend, improve quality and enforce compliance.