Today’s Workforce Isn’t What It Used to Be – It’s So Much More
Companies are increasingly turning to the external workforce for fast, flexible access to specialized talent, sought-after skills, and on-demand capacity. But research shows that external workforces – and the massive spend they represent – are siloed and undermanaged. Part of the problem is that companies don’t have the right technology.
Here’s what we mean: the latest data by SAP, in collaboration with Oxford Economics, shows that external workers represent 42% of total workforce spend, but only 35% of businesses have technology for contingent workforce management. It’s time to modernize how you manage external workers and maximize your return on this enormous spend category.
With the right vendor management solution, you can actively and holistically manage your external workforce to get every bit of value from this powerhouse resource – all while reducing risk.
Explore this interactive infographic to learn what effective external workforce management looks like and why your business needs it today.