The Human Capital Institute (HCI) recently realesed a new study making the business case for enterprise-wide, centrally managed and technology-enabled CWM
“Based on these convincing research findings, we strongly recommend that organizations move toward enterprise-wide, centrally managed and technology-enabled CWM,” said Carl Rhodes, HCI chief operating officer.
The article states:
- For most organizations (75 percent), contract talent management is seen as strategic in that it can enhance competitiveness and profitability.
- A decentralized contingent/contract talent management process can result in a variety of inefficiencies, such as those leading to long hiring cycles, flaws in on-boarding, inaccurate time/attendance and pay records, contractor tenure management difficulties and concerns about co-employment risk.
- Some decentralized organizations report an inability to determine their number of contractors, the tenure of those contractors, their skill sets, their total pay and the risks involved in engaging them.
- Organizations with decentralized, hiring-manager-led CWM programs suffer reduced visibility, increased risk and higher-than-necessary costs.
- More than 50 percent of survey respondents utilizing centralized CWM report return on investment (ROI) in three key areas: “reduction in overall spend,” “increased output versus full time resources” and “reduction in administrative time and cost.”
Click the link below to read the entire article:
Centralized Contingent Workforce Management Seen Saving Money and Time, Decreasing Risk
____________________________________________________
Workforce Vision | workforce-vision.com
A look inside the changing way that we work and employ others
Human Capital * Contingent Workforce * Globalization * Trends
Outsourcing * Staffing * Human Resources * Technology
Published by Bill Inman | billinman.com
____________________________________________________
