HUMAN RESOURCES AND PROCUREMENT HOLD KEY TO MAXIMIZING CONTRACT TALENT
Collaboration, Standardization, and Rigorous Measurement - Drives Business Value
BROOKLYN, NY – February 14, 2013 – The Human Capital Institute (HCI), Allegis Group Services and the Institute for Supply Management have released a report on the greatest challenges in effectively managing contract talent. The report also highlights how leaders’ satisfaction depends on standardized and mature processes and rigorous management of contractor performance, requiring HR and Procurement to work in tandem. The three organizations compiled secondary research, in-depth interviews and surveyed a selection of both HR and Procurement professionals to better understand where the greatest challenges to managing contract talent lie, as well as identify opportunities for improvement.
According to a previous report compiled by HCI and Allegis Group Services, contingent or contract talent may make up between 20% and 30% of the U.S. workforce. As organizations rely more and more upon non-traditional workers, the ability to strategically manage them for maximum efficiency and value represents a significant competitive advantage. The organizations with greater collaboration among HR and Procurement and standard tools and processes reported greater effectiveness and higher satisfaction among business leaders:
- Collaborative organizations were on average 11% more effective at ensuring they had the right contractors at the right time, in the right place, at the right price.
- 98% of organizations with standardized tools and processes to manage contract talent reported their business leaders were satisfied with contract talent quality.
- 97% of those with a system in place to ID high performing contractors reported their business leaders were satisfied with contract talent quality.
The results of this research will be broadcast in a live streaming webcast on April 3d, 2013 at 12pm EST. Among the presenters will be Allegis Group Services’ own Jason Orsin, Director of Global Procurement; and Gillian Gilbert, Vice President of Global Human Resources. To register for this webcast, or to learn more, please visit http://bit.ly/W6Qfwx
About Allegis Group Services
Allegis Group Services® Inc., provides human capital and workforce management solutions to customers in a wide range of industries globally. Our offerings include Managed Services (MSP), Recruitment Process Outsourcing (RPO), Retained Executive Search, and Advisory Services.
Whether you’re looking to optimize your contingent workforce program, outsource your organization’s recruitment needs or analyze key market trends to better serve your business needs, Allegis Group Services can help. Through distinct service offerings, we employ industry best practices and our experience to assist our customers in maximizing the efficiency and effectiveness of their workforce programs. Allegis Group Services - Transforming the Way the World Acquires Talent.
About Human Capital Institute (HCI)
HCI is the global association for strategic talent management and new economy leadership, and a clearinghouse for best practices and new ideas. Our network of expert practitioners, Fortune 1000 and Global 2000 corporations, government agencies, global consultants and business schools contribute a stream of constantly evolving information, the best of which is organized, analyzed and shared with members through HCI communities, research, education and events. For more information, please visit www.hci.org.
About Institute for Supply Management™ (ISM)
Institute for Supply Management™ (ISM) is the first supply management institute in the world. Founded in 1915, ISM exists to lead and serve the supply management profession and is a highly influential and respected association in the global marketplace. By executing and extending its mission through education, research, standards of excellence and information dissemination — including the renowned monthly ISM Report On Business® — ISM maintains a strong global influence among individuals and organizations. ISM is a not-for-profit educational association that serves professionals with an interest in supply management who live and work in more than 80 countries. ISM offers the Certified Professional in Supply Management® (CPSM®), Certified in Supply Management™ (CSM™) and Certified Professional in Supplier Diversity® (CPSD™) qualifications, and is a member of the International Federation of Purchasing and Supply Management (IFPSM).