fact sheet
Beeline Enterprise checklist: is a VMS right for you?
Is a VMS right for you?
If your company is like most, human capital expenses constitute your largest single cost of doing business. Your executives are concerned that they don’t have—and can’t acquire—the top-tier talent they need to compete and succeed in an on-demand world.
Your company needs an extended workforce that gives you the flexibility to effectively manage fixed costs while adapting quickly to market changes.
87%
of companies with 1,000+ employees have a VMS in place.
9%
more plan to implement a VMS within the next two years.
The leading strategy companies use to manage their contingent workforce is a vendor management system (VMS).
Walk through this simple checklist to evaluate if a VMS can help you deliver the extended workforce your company needs.
- Do you know how many contingent employees are working for your company right now?
- Do you know which contingent employees are hourly workers and which are statement of work-based contractors?
- Do you know which of your staffing suppliers provides qualified candidates fastest?
- Do you know which supplier consistently provides the best workers?
- Do you have an optimal mix of employees and non-employees in your workforce?
- Do you know if you are paying more than other companies in your industry for the same or similar skills?
- Are all of your non-employee workers properly classified?
- Do you know if any of your former workers still have access to your facilities, networks, or intellectual property?
- Do you have a talent pool of former employees, retirees, interns, and “silver medalist” job applicants you can turn to for contingent assignments?
- Do you have immediate access to online talent sources worldwide?
If you left any of these questions unchecked, a VMS may be right for you.
If you left ALL of these questions unchecked, a VMS is essential now!
Interested in learning how Beeline VMS can help power your contingent workforce strategy? Talk to a Beeline VMS expert today.