How IT Tools Support the Contingent Workforce

 
 
By Dennis McCafferty  |  Posted 03-25-2016 Email Print this article Print
 
 
 
 
 
 
 
 
 
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    How IT Tools Support the Contingent Workforce
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    How IT Tools Support the Contingent Workforce

    A total workforce management program addresses challenges specific to freelancers, and as more contract workers join businesses, procuring these systems makes sense.
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    Agile Employment
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    Agile Employment

    More than one-third of today's total workforce is considered contingent, contractual or independent, and that figure will rise to 50% within the next few years.
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    Broad Perspective
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    Broad Perspective

    70% of survey respondents said they'd benefit from a total workforce management program, in much part to better deal with the influx of contingent employees.
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    Short-Handed
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    Short-Handed

    44% said that, while they understand the true value of a total workforce management program, they currently lack the tools, skills or expertise to develop one.
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    Winning Formula
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    Winning Formula

    Nearly three of five said the integration of their vendor management system (VMS), spend management solution and HR system has emerged as a key component of their total workforce management strategy.
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    Integrated Effort, Part I
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    Integrated Effort, Part I

    49% said they've integrated their human resource information system with a vendor management system (VMS), and 43% said they've completed a VMS integration with their spend management system.
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    Integrated Effort, Part II
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    Integrated Effort, Part II

    40% say they've integrated their enterprise resource planning (ERP) system with a VMS, and 38% say they've done the same with their talent acquisition system.
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    Technology and CWM Best Practices: Play Time!
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    Technology and CWM Best Practices: Play Time!

    With gamification tools, you can "try out" potential contingent job candidates by having them simulate the performance of the open position's tasks. Those who fare best get "rewards" or points to earn "first chance" opportunities for an offer.
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    Technology and CWM Best Practices: Going Places
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    Technology and CWM Best Practices: Going Places

    Make sure your contingent recruitment solutions (not to mention your organization's home page and employment links) are mobile-friendly, so you can connect to proven freelancers in real time—no matter where on the globe they are.
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    Technology and CWM Best Practices: Free Market
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    Technology and CWM Best Practices: Free Market

    Freelancer management systems (FMS) enable more control over an increasingly contingent workforce, blending components such as learning management and spending oversight to cultivate long-term relationships with these "hired guns."
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    Technology and CWM Best Practices: Vendor Tool
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    Technology and CWM Best Practices: Vendor Tool

    VMS tech can assist with compliance, statements of work, talent management and agile/deep analytics.
 

With contingent, contractual and otherwise independent employees accounting for an increasingly greater share of the workforce, managers are seeking better IT solutions to help manage these professionals, according to a recent survey from SAP Fieldglass. The accompanying report, titled "Contingent Workforce Management: The 2016 Technology and Innovation Outlook Report," indicates that most business execs said a "total workforce management program" would help address challenges which are specific to freelancers. However, a notable share admitted that they lack the tools, skills and/or expertise to develop such a program. What's needed are contingent workforce management (CWM) solutions that take advantage of advancements in freelancer management systems (FMS) and other tools to respond to compliance, talent management, analytics and other business demands. "Today's (contingent) workforce touches many corporate areas: procurement, HR, finance, operations, sales, IT, core business projects," according to the report. "Not only is visibility crucial for these arenas, the intelligence gleaned from automated systems can help the greater organization better forecast, plan and budget for the future based on the information of today. And, as the utilization (of contingent) talent continues to grow in size and complexity, businesses must be able to manage and evaluate their programs more broadly by mining the data captured by CWM solutions." Nearly 260 business professionals took part in the research, which was conducted by Ardent Partners.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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