Benchmarks: Actions to beat the talent shortage
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.
Benchmarks: Spend through temporary staffing platforms grows 58%
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.
Benchmarks: DE&I goals alignment
Over the next few years, enterprise organizations will increasingly prioritize aligning contingent workforce diversity goals with those implemented for the employed workforce.
Benchmarks: Temp/contractor sourcing models
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.
Benchmarks: VMS data could accelerate DE&I programs
Providers are expanding their VMS offerings to encourage diversity, which could potentially accelerate the evolution of contingent DE&I.
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.
