The modern contingent labor management program has undergone a strategic evolution over the last half-decade. While staffing augmentation and temporary labor (sourced from staffing suppliers / vendors) are core components of the typical business culture, the current contract workforce arena has progressed to include independent contractors, statement-of-work (SOW) labor and services. The Contingent Labor Management benchmark research study is a go-to guide for companies looking to exhibit spend control and drive value from the core components of the contingent labor umbrella.
Five Compelling Facts from the Research, Providing Actionable Benefits for Readers:
- Best-in-Class companies have driven 76% higher cost savings on contingent labor spending than their peers
- Best-in-Class companies have achieved a 45% higher rate of labor policy compliance (federal, state and regulatory) than all other organizations
- Best-in-Class companies rated their contingent worker quality 21% higher than their peers
- Nearly 30% more contingent workers have met expectations at Best-in-Class companies than all other organizations
- Nearly 40% more contingent workers have exceeded expectations at Best-in-Class companies than all other organizations