In just the past 20 years, the percentage of work allocated to contingent labor and contract talent has grown from six percent to more than 27 percent. Today, large organizations typically spend an average of about seven percent of overall company revenue on their contingent and contract workforce, often representing tens of millions of dollars.
The contingent and contract workforce is both big and important. Yet, in most organizations, it is loosely managed and all but ignored by HR. Do your hiring managers work directly with staffing vendors? Do pay rates for similar contractors fluctuate widely? is co-employment risk managed? Do you know how many contractors you have on staff at any given time? If you answered no to any of these questions, or if you're just curious to know how organizations are literally saving million of dollars, year after year, on their contract and contingent workforce, join this webcast and we'll explain.