The contemporary contingent workforce has undergone an evolution over the past five years, one that has forced companies across the globe to enact robust strategies and solutions for driving value and gaining visibility into aspects beyond “classic” temporary labor, such as Statement-of-Work (SOW) based projects, services (and services procurement), and independent contractors. It’s this evolution which has separated the playing field by providing yet another area for differentiation by strategic companies to leverage technology and processes to gain material results through the optimization of this labor component.
Download this research report, which examined the intentions, strategies and challenges of over 200 companies, to learn what Best-in-Class companies are doing to effectively manage this growing component of the total workforce (encompassing over 22% for the average organization). Key performance results include:
- 70% higher average cost savings on contingent labor spending
- 42% higher frequency of SOW-based projects meeting objectives
- 42% higher rate of compliance to federal / regulatory policies