Human capital is most organizations’ most important asset and its largest single operating expense. Today it is also most organizations’ greatest challenge. They fear that they don’t have, and can’t acquire, the top-tier talent their companies need to compete and succeed.
To respond, Fortune 500 and Global 1000 companies are expanding their use of non-employee talent to create a more agile, more competitive workforce. And they are increasingly turning to our software solutions for comprehensive management of all categories of contingent labor, including temporary staff, statement of work (SOW) based contractors, service workers, consultants, retirees on retainer, independent contractors, freelancers, and alumni.
Our intelligent workforce solutions—including vendor management systems (VMS)—help procurement, sourcing, and human resources professionals optimize costs, reduce risks, and add value to their local and global contingent labor programs.
Here are few of the technology-driven contingent workforce solutions and capabilities that make a VMS so valuable.