W elcome to another edition of the Beeline Weekly Roundup! We designed our weekly roundup with clients in mind – showcasing a few articles each week to keep clients up-to-date about newsworthy happenings throughout the workforce industry.
This week in the workforce industry…
Do You Have a Plan B if your VMS Provider is Sold? (via The Staffing Stream)
Learning that your current Vendor Management System (VMS) provider has been acquired by another organization can be a little scary. Questions may arise. Research on the acquiring vendor, as well as the potential research and adoption of a brand new provider begins. The failure rate of mergers is typically greater than 50%, with some studies even citing numbers as high as 70% rate of failure. It is important that with a risk of failure as high as these numbers, your company does their research and follows the steps cited in this article so that the failure risk does not pass on to you.
Welcome to the New “State” of Contingent Workforce Management, Part III: Identity Management (via CPO Rising)
This is the third installment a multi-article series as part of the Ardent Partners’ landmark new research study. With contingent labor expected to grow by almost 30% over the next three years, it’s important to be aware of and combat the risks in utilizing this segment of the workforce. While close to 64% of organizations out there actually institute regular reviews of their contract labor compliance against federal and regulatory requirements, there are only 43% that include detailed written assumptions of risk of work completion ownership in SOWs as well as other agreements out there. This can present an issue of risk management in an adverse event, which is no fun for any party involved.
The Tectonic Plates Shifting Under the California Job Market in 2014 (via Fox & Hounds)
The tectonic plates are shifting under the California job market this year. What does this mean? It means that instead the growth of full time employment with benefits, we’re seeing a large shift and growth in contingent and part time employment. Job tenure rates are declining and labor force participation rates continue to fall. What’s in store through 2022 for California? The gentlemen at the Fox & Hounds blog throw out their predictions in this article.
That’s it for this week. Be sure to bookmark the Beeline blog to stay informed about the industry trends and findings. We hope everyone has a great weekend!