Benchmarks: VMS pricing models
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.
Benchmarks: Top barriers to DE&I
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.
Benchmarks: Skills sourced through direct platforms
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.
Benchmarks: MSP market occupational mix
The professional occupational category dominates the MSP market, comprising 82% of the roles being managed. Information technology is the most prevalent skill category.
Benchmarks: Contingent work value
The global contingent market was an estimated $4.55 trillion in 2021, according to SIA. Temporary workers sourced through staffing firms comprise $527.5 billion in spend.
Benchmarks: Enterprise organizations’ talent platform usage
Global talent platform adoption in enterprise organizations with more than 1,000 full-time equivalents has increased by a factor of 10 over the past decade, reaching 20% in 2022, according to SIA research.
Benchmarks: Direct sourcing platform pricing
Half of all reported contracts use pay rate percentage for the pricing model, according to SIA’s “Direct Sourcing Platform Landscape” report.
Benchmarks: Bill rates rise, but one-quarter report decrease
Sixty-nine percent of contingent workforce programs have faced increasing bill rates over the past year, but the amount of the increase varied, and some saw a decrease.
Benchmarks: RPO market share by occupational skill
What are the largest occupational skill categories served by the recruitment process outsourcing market?
Benchmarks: IC compliance services use on the rise
SIA research finds the use of IC compliance services among enterprise organizations has visibly increased in recent years.
