With fewer people entering the workforce and a shortage of certain skills, develop strategies now to address skills shortages. Read about the opportunity presented by Baby Boomers and how to leverage Boomers for competitive advantage.
With an industry-wide average 58% of spend going towards services procurement, having a rock-solid strategy and roadmap in place is vital. A lot of practitioners hear the term “services procurement” and immediately think “contingent labor” or “vendor managed services.” The truth is a lot broader and deeper than that.
Contingent workers are those who do not have an implicit or explicit contract for ongoing employment. According to the Bureau of Labor Statistics, contingent labor accounts for over 26% of the US labor force and expects continual growth beyond 2020. Contingent workers provide a variety of benefits to an organization: Easily add headcount to projects that need temporary assistance, have many workers with specific skills at your disposal.