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 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.