Henry Liu|2023-09-27T09:42:10-07:00September 27th, 2023|
Recruitment process outsourcing services offer additional sourcing expertise or resources to enable contingent workforce programs to build greater talent pipelines.
SIA’s 2023 Workforce Solutions Buyer Survey provides a glimpse into the top strategies used by contingent workforce programs in the last year to combat the talent shortage.
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Spend worldwide through temporary staffing platforms reached $21.0 billion in 2022. Staffing platforms take the two-sided systems of online talent platforms but use the traditional staffing firm pricing model.
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Over the next few years, enterprise organizations will increasingly prioritize aligning contingent workforce diversity goals with those implemented for the employed workforce.
Vendor neutrality dominates the MSP landscape compared with the master supplier and hybrid models in terms of both temp/conractor spend as well as client count, according to an SIA report.
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While contingent workforce programs’ appetite is increasing for alternative VMS pricing models, fee as a percentage of spend remains dominant. Among the model’s advantages is that it is simple to administer.
Contingent workforce programs have faced significant barriers when putting together a solid business case for diversity, equity and inclusion initiatives. Top barriers pertain to data availability and collection standards.
Office/clerical roles account for the largest occupational skill category typically sourced directly in terms of the number of reported hires, followed by other professional and IT.
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The professional occupational category dominates the MSP market, comprising 82% of the roles being managed. Information technology is the most prevalent skill category.
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VMS pricing modelsWhile contingent workforce programs’ appetite is increasing for alternative VMS pricing models, fee as a percentage of spend remains dominant.