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Christopher J. Dwyer

Continuing its Unlimited Evolution, PRO Unlimited Announces Acquisition by EQT Partners

Earlier this week, contingent workforce management (CWM) solution PRO Unlimited announced that it has partnered with EQT Partners, who will acquire the company from Harvest Partners and Investcorp. When the acquisition officially closes in the second half of 2021, EQT Private Equity will be the majority shareholder, with Harvest Partners continuing as a large shareholder and management retaining a minority stake in the company.

This major transaction follows a year of aggressive market activity by the veteran MSP and VMS suite of solutions, which has undergone a seismic transformation since mid-2020. A longtime leader in the CWM technology arena, PRO continues to deliver on its promise to reimagine the end-to-end offerings of its core services and automation and become a true “platform” for agile workforce management activity.

“The team at EQT has been following the macro trends around the world of talent and work. They, much like us, see the contingent workforce segment growing at a rapid rate and becoming more and more strategic,” said Kevin Akeroyd, CEO of PRO Unlimited. “PRO was uniquely positioned here because we have the technology, the data, the analytics, coupled with the people / service assets in place, which has been a cornerstone of our MSP business, to not only satisfy the elements of what enterprises need today to manage their agile talent, but also having all of those critical elements inside the same platform.”

In several discussions with Akeroyd over the past several months, PRO’s CEO outlined an assertive range of objectives that mainly included a technological revamp, more dedicated offerings within the diversity and inclusion arena, and on-demand facilitation of data, intelligence, and workforce agility. The acquisition by EQT will allow PRO’s executive team to capitalize on an evolving market while enabling quicker time-to-market for burgeoning offerings for SOW/services procurement and direct sourcing, as well as its unique RatePoint solution.

“This is going to allow PRO to do what we want to do much faster and on a larger, global stage,” Akeroyd told CPO Rising. “EQT didn’t come here to change us or alter the fundamentals of who we are or what we want to accomplish. The vision that we had last year (becoming an end-to-end platform for all things contingent labor) can be realized much quicker with the investment from EQT.”

Historically, PRO Unlimited has not been known for major M&A activity, but that line of thinking changed when Akeroyd joined the organization last year, setting off a string of market-shifting moves that positioned the veteran solution for a major transformation in the months afterwards.

“Our organization went nearly 30 years without a major acquisition. It wasn’t until recently [Editor’s note: PRO acquired PeopleTicker and the Brainnet Group in 2020 and 2021, respectively] that the company started to shift its acquisition strategy,” Akeroyd said. “With EQT as a partner, we can accelerate M&A activity much more aggressively. If we need to buy, we can do that. If we need to build, they’ll support us. And we’ll have the power to partner with those solutions that are complementary to PRO’s end-to-end suite.”

The acquisition is certainly timely, as upcoming Ardent Partners research finds that the agile workforce continues to grow in size, impact, utilization, and prominence: nearly 47% of the average organization’s total workforce is now considered “extended” or “non-employee,” reinforcing the notion that businesses require more comprehensive, dynamic tools to effectively converge traditional aspects of contingent workforce management with the deeper elements (such as direct sourcing, services procurement, etc.) required to maximize the inherent value of the agile workforce.

“The contingent workforce is going to lead the economic recovery. If you look at the numbers and employment data regarding traditional workers and FTEs, they aren’t going up…but the agile workforce is,” said Akeroyd. “The Global 2000 enterprise is alive and well, and they’re largely thriving in this market due to their reliance on white-collar, remote, highly-skilled extended talent. PRO is enabling the average enterprise to achieve this level of success on the contingent workforce front; we are a leader in this solutions industry and what EQT has done is allow us to be a bigger, more impactful part of how businesses harness the power of their agile workforce across the globe.”

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Beeline’s Tech Expo Reinforces the Growth and Impact of the Extended Workforce

Going into 2020, 43.5% of the average company’s workforce was considered “non-employee,” a figure that was vastly larger than it was only several years ago. The COVID-19 pandemic accelerated many of the Future of Work movement’s most transformational attributes, including a renewed focus on digital transformation, diversity and inclusion, direct sourcing, and workforce agility. Today’s extended workforce, representing nearly 47% of the total workforce, has become a force unto it own, pushing businesses into a new realm of work optimization that promises to forever alter the alignment between talent and corporate initiatives.

Veteran Vendor Management System (VMS) provider Beeline has long been an innovator in the contingent workforce management (CWM) solutions arena, bringing progressive technology to an industry that continues to evolve in the face of incredible market shifts. Last week, the organization hosted its Technology Expo, which featured a series of demonstrations of its core product line and some early peeks at newer offerings, as well as a firm reinforcement of its recently-unveiled Extended Workforce Platform. (Check out our coverage of this recent news here.)

No matter what we call the evolving contingent workforce, its underlying impact is still that of a powerful, market-shifting force that drives competitive value and supports overall business agility. Tweaking its name just slightly to include “extended” is yet another natural progression for this industry; contingent workers are sometimes thought of as mere line-items or “faceless” workers across the greater organization. Calling this spectrum of talent the “extended workforce” reflects the symbiotic link between an enterprise and all of its workers and how that relationship enhances the very idea of how work gets done.

Beeline’s dedication to the technological revolution happening within the world of talent and work was on display during last week’s Expo, including remarks by longtime CEO Doug Leeby regarding “where” the company was in relation to the market’s powerful transformation. “Doesn’t matter how you get paid…in the end, it’s all about people,” said Leeby. “There’s myopia when we think about what VMS is, and we’re so much more than that. Resource tracking, SOW, contingent labor…those pieces are all vital. We just want to be a piece of something greater that has total focus on the individual and the talent.”

One of the highlights of the expo was the “high-volume workforce” session (led by frequent Contingent Workforce Weekly podcast guest Brian Hoffmeyer), which recapped Beeline’s recent acquisition of JoinedUp and how the new solution will help businesses better facilitate and manage its shift-based workforce. Beeline also reaffirmed its dedication to Future of Work movement attribute diversity, equity, and inclusion, with discussions around its deep Diverse Talent Cloud (DTC) offering (partnering with The Mom Project).

As businesses navigate the “next normal” ahead, they will require strategies, solutions, and technology that can effectively manage the full facet of its extended workforce in order to maximize the inherent skillsets and expertise offered by non-employee talent.

“Every person, given the right opportunity, has the potential for greatness,” said Leeby. “We want to put a spotlight on that talent. Every business, given the right talent, can truly drive great outcomes.”

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Future of Work Friday: A Collection of Thoughts

From time-to-time, it’s beneficial to take a moment to collect random thoughts regarding the Future of Work movement, since there’s so many varied pieces of the complex, evolving puzzle that is the world of talent and work. It’s been a whirlwind year thus far (can you believe it’s already JUNE!?), but the next six months promise to be even more impactful when business leaders think about talent, their workforce, and how work gets done.

  • This week, CNN reported that although unemployment rates are at their lowest since before the pandemic hit, there are still over 8 million job vacancies across the country. Retail, hospitality, light industrial, restaurants, etc. are the particular industries where the vast majority of these roles are open. Much of the discussion revolves around the deeper conversation of wage and compensation (and rightfully so), however, businesses in these sectors should seriously consider direct sourcing as an avenue to get candidates into the door, even if they’re not for full-time/longer-term positions.
  • My wife has worked in the veterinary industry for nearly 20 years. Over the past year, this industry has faced their biggest mass exodus of workers in its history. The main culprit? Employee burnout. Hospitals are so short-staffed that many roles in veterinary medicine, from doctors to specialists to veterinary technicians, are clocking incredible hours, all the while dealing with pandemic restrictions (clients not allowed into the building, hospital employees must come outside and retrieve animals, etc.). This is not the only industry in which its workers are facing extreme burnout. While much of the focus of the past year has been on the rollercoaster of boom-or-bust workforce scalability, business leaders should never forget that the biggest piece of the overall talent experience is whether or not its workers are running on fumes. Worker mental health and well-being should be at the top of the priority list when it comes to how executives manage their total workforce.
  • Last year, Ardent Partners predicted that the global business landscape would experience a sharp uptick in the utilization of non-employee labor as a direct result of the pandemic’s sweeping organizational ramifications. Going into 2020, 43.5% of the average organization’s total workforce was considered “contingent.” Today, that number sits at 46.5% and promises to grow as the transformation of talent and work continues. Furthermore, 82% of businesses direct state that the challenging times of 2020 created a bigger need for extended and non-employee talent. If there is one thing that the past 12 months has revealed, it is that workforce scalability is essentially linked to economic survival in the now-chaotic, hyper-competitive world of global business.
  • In mid-March 2020, safety took precedence over anything else in regard to traditional workplace environments across the world. Stay-at-home advisories, social distancing recommendations, and curfews/lockdowns ruled the day and forced businesses to push the vast majority (or all, in some cases) of its workers into a remote setup. I’ve been reading so many articles recently that state that the hybrid model (mix of in-person and remote work) won’t survive past the end of the pandemic. Well, these pundits couldn’t be more incorrect. Ardent’s research finds that businesses are expected to double the amount of its staff working remotely moving forward, a factor which not only takes into accounts the productivity and efficiency gains experienced over the past year via remote and distributed teams, but also the incredible flexibility that these setups offer.
  • Ninety-three percent (94%) of business leaders in Ardent’s upcoming State of Contingent Workforce Management 2021 research study stated that their agile or extended workforce is a critical and strategic facet of their organization. If anyone ever had doubts about its continued growth, this finding should alleviate that concern. By the end of 2022, nearly half of the global total workforce will be considered agile/contingent/extended.
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Why the Extended Workforce Is Now a Permanent Fixture of Business Agility

As stated numerous times here at The Future of Work Exchange and in Ardent’s Future of Work research, the vast majority of businesses cite the “shift towards an agile culture” as their top priority. Business agility as a desired state is entirely warranted; as business leaders strive to respond dynamically to real-time pressures and challenges. In regard to talent and work, this “agile culture” follows the ultimate convergence of new technology tools, innovative ideas and strategies, and, yes, a truly agile workforce that can be leveraged dynamically as unique needs arise.

The challenging events of 2020 proved that an agile culture separated those organizations who both survived and thrived last year and those that are still struggling or faltered completely. The initial, early months of the COVID-19 pandemic were a convergence of unease, uncertainty, and doubt about the future; very few businesses were well-equipped to tackle the rigors of the first global pandemic in more than a century.

As supply chains were knocked off course and the first lockdowns were initiated, the business world was at a unique crossroads: work needed to be done but the unprecedented nature of the pandemic was seemingly throwing wrinkles into organizational planning on a weekly basis given political guidance and governmental mandates. Some industries went boom while others went bust. Those in the middle were merely focused on treading water. Caught in the midst of this chaos was the foundation on which every organization sinks or swims: its workforce.

Over the next three years, nearly 70% of businesses expect their total workforce to be truly “agile” in nature, with both traditional full-time workers and non-employees contributing equally to critical projects and initiatives. This encouraging outlook takes into account the various shifts happening in world of talent. While there are still enterprises today that believe the contingent or extended workforce will always be “augmentative” in scope, the truth is that the many economic, social, political, and cultural transformations occurring in the greater business landscape are developing the necessary dynamics for independent workers to thrive in changing times. Health care reform, virtual and unified communications, distributed enterprise teams (and remote work), the laser-like focus on skills…these are all powerful omens that the agile workforce will become a dominant business legion in the decade ahead.

Ardent’s upcoming State of Contingent Workforce Management 2021 research study found that 70% of businesses believed their non-employee workforce contributed to and supported business continuity (70%) during those challenging times, essentially serving as an “anchor” during moments of uncertainty. With many internal functions in some level of disarray due to work-from-home setups and social distancing/lockdown orders, an unfortunate statement still rang true: “The show must go on.”

In essence, work still needed to get done and the organization still required to move forward regardless of what was happening around it. Contingent labor helped organizations adapt to changing times by providing a ready-to-engage channel of talent that could be sourced on-demand and without the worry of traditional recruitment processes (particularly in-person interviewing). If roles needed to be filled to ensure the business could address both tactical and strategic tasks, there were talented individuals ready to perform.

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Prosperity in the Future of Work: Interview with Sunil Bagai, CEO of Prosperix

The Future of Work is founded on change, whether that change is natural evolution or innovative progression. The world of talent and work has been changing at a rapid clip with the advent of new talent acquisition strategies, shifts in how enterprises optimize how work gets done, and the overall transformation of global business.

Crowdstaffing, a longtime market leader in digital staffing and workforce management technology, was an early pioneer with its Future of Work-driven offerings. Just recently, the company rebranded as Prosperix, a solution that aims to “fuel human, workforce, and business prosperity.” I had the opportunity to chat with the provider’s CEO, Sunil Bagai, about the rebrand, the evolution of the platform, and his outlook on the Future of Work movement.

Christopher J. Dwyer: Sunil, thanks for chatting with us. For our readers, tell us a little bit about yourself and your background.

Sunil Bagai: I have over 25 years of tech experience at companies like IBM, Sun, and EMC, as well as multiple startups. I’ve been working in the talent acquisition space since 2005, and what I love most about it is the intersection between people and technology. Just like in the early days of the Internet, where hardware infrastructure was essential in providing everyone online access, I believe we are in the early stages of deploying similar infrastructure technology that will make it much easier to build and manage a workforce. We’re entering a very exciting time.

CJD: Let’s start with the big news first: Crowdstaffing has officially rebranded itself as Prosperix. Give us the lowdown on the evolution of the solution, the new brand, and what it all means.

SB: When we started Crowdstaffing, we wanted to emphasize the value of building network effects and how the power of the crowd can help in building scalable workforces. While that’s still core to what we do, we’re now inspired by a mission that’s even greater. We believe that hiring can play an instrumental role in helping businesses achieve their dreams and aspirations. Simultaneously, there is an opportunity to influence the design of the modern workforce so it can achieve a level of prosperity that hasn’t been possible in the past. With that in mind, we chose the name Prosperix to align with our long-term vision and mission of helping businesses build an extraordinary workforce and achieve outstanding outcomes.

The good news is that Crowdstaffing is not going away; It’s being transitioned into a product name for our Crowdstaffing Hiring Marketplace and Crowdstaffing VMS offerings. In addition to these core offerings, we have added new offerings to the Prosperix solutions suite, including Direct Sourcing, On-Demand Talent Pools, and a wide range of Workforce Services such as MSP, Payroll, and IC Compliance.

CJD: What strikes me as a major differentiator for Propserix is the sheer breadth of its offerings, from direct sourcing and talent pools to VMS technology.

SB: Our strategy has always been to solve the end-to-end problem of hiring and workforce management. Most clients have a very difficult time using multiple technologies. Not only does data end up living in different places, but you get a poor user experience and it’s very challenging to manage the entire workflow when you use different systems. We believe it’s better to provide a single solution that solves for all facets of workforce management, including talent branding and attraction, sourcing, candidate engagement and nurturing, applicant tracking, candidate assessments, vendor management, onboarding, and redeployment.

CJD: Why do you believe it’s so powerful to have a solution that can literally offer end-to-end workforce management functionality, from talent engagement to total workforce management?

SB: There are many advantages to an end-to-end workforce management solution. First, you simplify the hiring process substantially when you use a single technology rather than several disparate technologies. More fundamentally, you are able to access and utilize data far more effectively to achieve better hiring outcomes. For example, the best candidate can come from a supplier, an internal talent pool, or a variety of public talent pools. When you can see candidates across the entire ecosystem of hiring channels, whether it’s in your VMS, ATS, Talent Pools, etc., you can match candidates more effectively to open jobs, speeding up time to hire.

This is just the beginning. There are multiple other use cases that you can unlock, including large network effects, that are only possible when you impact the entire value chain.

CJD: We’re experiencing a much different summer than we did last year thanks to the business world somewhat returning to normalcy. How do you think the world of talent and work respond to the major shifts it experienced over the past year?

The new normal means that remote work is here to stay. Many businesses are hiring workers remotely even for core positions, especially if they are having a hard time finding talent in their local geography. To hire remote workers more effectively, businesses are requesting a more nuanced way to outline their needs, by specifying whether a position is Local Only, Remote with Local Access, Remote Only, or Offshore.

CJD: What’s the long-term vision for Prosperix?

SB: Our long-term vision is to fuel human, workforce, and business prosperity. We plan to accomplish this by developing innovative solutions that help businesses build and manage an extraordinary workforce.

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An Unlimited Future: Inside PRO Unlimited’s Technology Transformation

The world of talent and work seemingly reinvents itself frequently. Changes in the global economy amidst other major worldly events (including, of course, a pandemic) routinely force businesses to reimagine how they get work done. Over the past decade, the workforce management tech marketplace, which includes Vendor Management Systems (VMS), Managed Service Providers (MSP), digital staffing marketplaces, direct sourcing automation, etc. has undergone a seismic revolution alongside a shifting global talent economy. Throw in the major workforce management shifts accelerated due to a global pandemic and its economic, digital, and staffing ramifications, and, well, the position is clear: workforce management technology has to evolve just as quickly as the world around it.

Last year, veteran VMS/MSP hybrid PRO Unlimited announced that Kevin Akeroyd would join the solution as its new CEO, who immediately touted a transformative approach to the provider’s future: become a de-facto “platform” for contingent and agile workforce management.

“This workforce segment is becoming a large spend category and is now an enterprise valuation driver. Over the past 30 years, the industry has transformed from a small temp-staffing niche to a C-suite strategic priority. This shift not only includes changes within HR, talent acquisition and strategic procurement programs, but also highlights an explosion of innovation and new technology platforms like we have never seen before,” Akeroyd said. “Unfortunately, the established procurement/spend management and HCM platforms have not addressed the full contingent workforce management lifecycle. Furthermore, they are not capable of managing its complexity or harnessing the data to provide analytics and intelligence on companies’ contingent workforce segments that executives demand. The industry requires a comprehensive platform that can deliver the technology, data/analytics and managed services to optimize the full contingent workforce program. This is going to help organizations exceed both their contingent workforce goals and their broader organizational objectives. Being the platform that seamlessly interoperates with ERP, HCM, HRIS, P2P, and data and analytics systems will be paramount, and PRO Unlimited is uniquely positioned to become that holistic platform for the industry.”

Shortly after Kevin dropped by the Contingent Workforce Weekly podcast and spoke to us as part of our Future of Work Influencer series, PRO announced that it acquired rate management solution PeopleTicker, a global provider of comprehensive compensation data that relies on crowdsourced intelligent, machine learning, and data science resources. This acquisition helped burgeon PRO’s commitment to helping its users manage its workforce with a data-driven approach, allowing customers to tap into an “ocean of data.”

“To use an age-old analogy, even the best motorcycle, car, plane, rocket ship… simply is not effective if you don’t “fuel” it.  And the higher quality, higher octane the fuel is, the better performing the vehicle is. Data is today’s “fuel,” said Akeroyd. “Having the highest quality, highest coverage, most up-to-date data is a mission-critical component of the platform. It fuels the software, service, and analytics/intelligence offering the Enterprise relies on today. PRO not only has the largest, broadest, most accurate first-party asset in the world, we have augmented this with third-party data partnerships, including our acquisition of data assets like PeopleTicker, the industry’s one true provider of global contingent rate data for over 160 markets across thousands of job titles. Having exclusive data, packaged with PRO’s solutions and comprehensive platform, will enable and benefit our clients immensely. And competitively, it will further differentiate PRO from our point solution competitors. Finally, data is the fundamental underpinning of all machine-based learning (MBL) and artificial intelligence (AI). We are very excited to deliver MBL/AI applications in the near future as a result of having the best, most accurate and largest training data sets on the planet.”  

And, PRO Unlimited’s transformation continues today with an announcement that it has secured an exclusive partnership with Eightfold, an artificial intelligence solution that offers a multifaceted blend of technology, including talent experience management, candidate comparison and evaluation, bias prevention, and deep employee lifecycle management support via AI-led neural networks.

The new partnership has massive implications for the workforce management solutions landscape, as PRO’s exclusive union with Eightfold will allow the veteran provider the ability to “lift and shift” comprehensive total talent intelligence into its existing and forthcoming offerings. For example, Eightfold’s unique neural network-led skills data could be applied to direct sourcing initiatives to better target specific, high-expertise candidates for enterprise talent pools.

“Many organizations around the world will be hiring contingent workers ahead of the economic recovery while prioritizing areas within hiring, such as retention and D&I initiatives. However, many of these same companies do not have the technology and data in place to identify, engage and secure the best contingent talent in the world, while attaining diversity goals,” said Akeroyd. “This exclusive partnership with Eightfold aims to solve this problem with their advanced talent intelligence and our contingent workforce management platform, which also includes the world’s largest global market rate data repository. This partnership is truly a game changer for the industry as it will transform how our customers, which include some of the largest brands globally, source, develop, and redeploy their workforces while lowering costs as well as offer an unparalleled suite of diversity offerings for the contingent workforce.”

With PRO’s new Direct Sourcing and SOW Management tools on the horizon for later this quarter, the solution’s recent, aggressive moves prove that the provider is truly committed not only to its goal of being a centralized talent management platform, but also meeting the evolving requirements of the ever-changing world of talent and work.

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Future of Work Friday: A Collection of Thoughts and Insights

From time-to-time, it’s beneficial to take a moment to collect random thoughts regarding the Future of Work movement, since there’s so many varied pieces of the complex, evolving puzzle that is the world of talent and work. It’s been a whirlwind year thus far (can you believe it’s already JUNE!?), but the next six months promise to be even more impactful when business leaders think about talent, their workforce, and how work gets done.

  • This week, CNN reported that although unemployment rates are at their lowest since before the pandemic hit, there are still over 8 million job vacancies across the country. Retail, hospitality, light industrial, restaurants, etc. are the particular industries where the vast majority of these roles are open. Much of the discussion revolves around the deeper conversation of wage and compensation (and rightfully so), however, businesses in these sectors should seriously consider direct sourcing as an avenue to get candidates into the door, even if they’re not for full-time/longer-term positions.
  • My wife has worked in the veterinary industry for nearly 20 years. Over the past year, this industry has faced their biggest mass exodus of workers in its history. The main culprit? Employee burnout. Hospitals are so short-staffed that many roles in veterinary medicine, from doctors to specialists to veterinary technicians, are clocking incredible hours, all the while dealing with pandemic restrictions (clients not allowed into the building, hospital employees must come outside and retrieve animals, etc.). This is not the only industry in which its workers are facing extreme burnout. While much of the focus of the past year has been on the rollercoaster of boom-or-bust workforce scalability, business leaders should never forget that the biggest piece of the overall talent experience is whether or not its workers are running on fumes. Worker mental health and well-being should be at the top of the priority list when it comes to how executives manage their total workforce.
  • Last year, Ardent Partners predicted that the global business landscape would experience a sharp uptick in the utilization of non-employee labor as a direct result of the pandemic’s sweeping organizational ramifications. Going into 2020, 43.5% of the average organization’s total workforce was considered “contingent.” Today, that number sits at 46.5% and promises to grow as the transformation of talent and work continues. Furthermore, 82% of businesses direct state that the challenging times of 2020 created a bigger need for extended and non-employee talent. If there is one thing that the past 12 months has revealed, it is that workforce scalability is essentially linked to economic survival in the now-chaotic, hyper-competitive world of global business.
  • In mid-March 2020, safety took precedence over anything else in regard to traditional workplace environments across the world. Stay-at-home advisories, social distancing recommendations, and curfews/lockdowns ruled the day and forced businesses to push the vast majority (or all, in some cases) of its workers into a remote setup. I’ve been reading so many articles recently that state that the hybrid model (mix of in-person and remote work) won’t survive past the end of the pandemic. Well, these pundits couldn’t be more incorrect. Ardent’s research finds that businesses are expected to double the amount of its staff working remotely moving forward, a factor which not only takes into accounts the productivity and efficiency gains experienced over the past year via remote and distributed teams, but also the incredible flexibility that these setups offer.
  • Ninety-three percent (94%) of business leaders in Ardent’s upcoming State of Contingent Workforce Management 2021 research study stated that their agile or extended workforce is a critical and strategic facet of their organization. If anyone ever had doubts about its continued growth, this finding should alleviate that concern. By the end of 2022, nearly half of the global total workforce will be considered agile/contingent/extended.
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Why Diversity, Equity, and Inclusion Need to Be Core Future of Work Tenets, Part III

Over the past two weeks, we’ve discussed why diversity, equity, and inclusion (DE&I) should be considered core tenets of the Future of Work movement. Diversity, equity, and inclusion represent, perhaps, the most important of the strategy-led Future of Work tenets and deserve a rightful place in the pantheon of work optimization approaches. Diverse workforces, inclusive workplaces, and an overall environment of equity can pay massive dividends for businesses seeking to spark innovation within their total talent community.

Diversity, equity, and inclusion have become top-of-mind priorities for businesses in regard to their workforce. New and exclusive Ardent Partners research finds that:

  • 94% of businesses are focused on transforming their workplaces to be more flexible and inclusive.
  • 62% of businesses have injected DE&I and workforce culture into their plans for future innovation.
  • Nearly 65% of businesses plan to, over the next two years, create a “Chief Diversity Officer” role within their enterprise.

I once again spoke with several technology leaders across the contingent workforce, digital staffing, and HR arenas for their unique perspectives on DE&I as core Future of Work tenets:

Dan Beck, COO and Co-Founder, Utmost

“I’ll take this one step further: DEI needs to be more than just a future of work tenet, but it needs to be a core business strategy. In the same way that enterprises have focused on purchasing from diverse suppliers, we’re seeing a trend of enterprises looking at the DEI composition of the workers themselves. 

While HR certainly plays a role, DEI is an overall organizational initiative that requires investment from all teams and especially leadership. To truly reap the performance gains of an inclusive workplace, it needs widespread adoption and not just from the workforce management side of an enterprise.”

Saleem Khaja, COO and Co-Founder, WorkLLama

“When we have conversations about DE&I, I begin with questions, a lot of questions. First: “What is the core problem we trying to address?” Once an organization hones in on the problem statement, a plan can be developed to move forward. The most common problem statements include “How do we hire diverse talent, treat diverse talent equally, or ensure we are inclusive?”, “Is the new generation of workforce going to evaluate an organization based on the organization’s approach to DE&I?” Therefore, to be successful organizations must make DE&I core tenets of their culture and policy. Is awareness one of the problems to solve? Immersive training for all employees with scorecards to measure progress is key.

DE&I is more of a people, process, culture, and policy problem to solve as opposed to a technology problem if you exclude reporting, delivery, or training/measuring, and eliminating bias in AI.

From that standpoint, I am also having a lot of conversations around bridging the income gap.  Regardless, if it is this question or one I have already mentioned, I believe addressing the supply of diverse talent starting at ground zero is at the core. Building, nurturing, and growing a diverse talent pipeline should be a key pillar in an organization’s DE&I strategy. This means making investments in facilities and infrastructure; providing affordable access to education and training; etc. Hiring diverse talent contributes towards this, but at that point an organization is dealing with qualified talent – finished product, so to speak. Impactful DE&I strategies focus on talent at its origin and not just the finished product.”

Patrick Dunn, Chief People Officer, Bluecrew

“Diversity, equity, and inclusion remain an essential component of any elastic workforce strategy. These qualities reinforce a culture that attracts and retains quality talent, the foundational catalyst to drive forward looking innovation and strategy. For an elastic workforce, the diversity of perspectives that come from strong DEI initiatives can ensure the workforce prioritizes the right work and delivers productive results. The studies that offer compelling evidence that DEI improves team performance have reinforced personal experiences where monocultural teams suffered from blind spots and tone-deaf messaging. And because anti-diversity forces are so pernicious and self-reinforcing, you can’t make progress without conscientious commitment to DEI. Only prioritizing these goals with a core tenet encompassing empathy and DEI, will set an organization up to do the right thing and maximize opportunities.

It is also important to recognize that diverse hiring is impacted at every level by unconscious bias. Data-driven hiring practices, which de-emphasize traditional human-to-human interviews, put everyone on an even playing field and leverage the data that workers provide as part of their behavioral assessments and screening questions to evaluate their potential. Scientifically crafted assessments have proven to be better at determining worker performance than human interviews and using these techniques can remove bias and interference in the hiring process. In doing so, workers are judged only on their performance with the complete removal of factors like race, gender, or other protected class.  We are proud that Bluecrew is made up of Crew Members with a wide range of skills, experiences, cultures, and viewpoints. The diversity that they represent is a genuine strength that can only be leveraged when they can bring their authentic selves to work everyday.”

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Why Diversity, Equity, and Inclusion Need to Be Core Future of Work Tenets, Part II

Last week’s article discussed why diversity, equity, and inclusion (DE&I) should be considered core tenets of the Future of Work movement. Although the Future of Work is often synonymous with automation- and innovation-led attributes, the truth is that strategy-fueled principles are just as critical as their technological counterparts. As we wrote last week:

“Diversity, equity, and inclusion represent, perhaps, the most important of these strategy-led Future of Work tenets and deserve a rightful place in the pantheon of work optimization approaches. Diverse workforces, inclusive workplaces, and an overall environment of equity can pay massive dividends for businesses seeking to spark innovation within their total talent community.”

I once again spoke with several technology leaders across the contingent workforce, digital staffing, and HR arenas for their unique perspectives on DE&I as core Future of Work tenets:

Jody Mohammed, Vice President, Partnerships and Solutions, Geometric Results, Inc. (GRI)

“DE&I is no longer considered buzzword bingo but rather this important initiative has elevated to a business imperative. This essential, crucial focus has the attention of the C-Suite and we see enormous investment in hiring not only DE&I leaders to establish policies but the importance of partnering with talent partner organizations that deliver against the goals. Companies now expect their partners to deliver a diversified workforce and provide the data to demonstrate trends/progress. Simultaneously, top talent is assessing an organization’s DE&I DNA and when evidence is presented, it is much easier to attract and retain talent. We see significant investment dollars in this important area and know it’s a journey. By engaging with talent partners who are committed and have a mature strategy of attracting and hiring diverse talent, we are contributing to the client’s goals and objectives. Clients’ internal focus, commitment, and training on DE&I means they are better equipped to recognize signs of bias and exclusion and act. This concerted effort to design policies within our clients is delivering teams that diverse in their thoughts which is netting greater innovation, a positive brand and culture.”

Judy Ellis, Head of Diversity, Equity, and Inclusion Advisory (Americas), AMS

“There’s no denying that business leaders are placing a greater emphasis on diversity, equity and inclusion (DEI) within their workforces. When we consider the future of work, leaders will need to adapt and evolve their talent acquisition strategies to take into account not only the make-up of the workforce of tomorrow, but also what each segment seeks from a potential employer. Changing demographics will be an extremely important consideration in the ‘Future of Work’ movement and, as a result, dynamic workplace strategies will be needed to manage the changing expectations of future talent which will skew across each new generation. Younger generations, for example, are more in tune with an employers’ brand, mission and vision, and a commitment to DEI will be a key influencer in affinity for prospective employers. And if we look at demographic predictions from the Economic Policy Institute, which predicts that by 2032 people of color will become a majority of the American working class, employers will also have to adapt their strategies to reflect this. As groups that were once underrepresented look likely to become the majority of the workforce, their unique needs, perspectives, and contributions will have even more importance and therefore must be considered in future talent acquisition strategies.”

“With the rise of contingent populations, business leaders will also need to take this growing segment of the workforce into consideration when developing future strategies. Many of our clients are actively doing so and there is certainly a deeper appreciation for how diversity within contingent populations can positively impact diversity within permanent employee groups. This is not only because of the propensity for contractor conversion – which allows workers to almost ‘test’ a company’s culture – but also because in some leading organizations there are more contingent resources than permanent employees. Consequently, at a time when different segments of the workforce – including emerging generations and underrepresented groups – are undoubtedly placing culture and a clear commitment to DEI as key requisites of a future employer, employers must ensure that their workplace strategies reflect this.”

Catherine Candland, President, nextSource

As a certified woman-owned business enterprise, diversity and inclusion is always front of mind at nextSource.   We strive to provide an inclusive culture within nextSource, where 45% of our staff identify themselves as being members of a diversity category.  We actively recruit MWBE, Disadvantaged Small Business, and Veteran-Owned suppliers.  nextSource has for many years conducted a supplier diversity nurturing program in which we leverage our buying power to increase the competitiveness of minority suppliers, encourage customers to automatically include diversity suppliers for Tier 1 distribution, and we share market intelligence data and business development leads.  To ensure candidate diversity, we launched a Community Workforce Development program to recruit and place workers from within disadvantaged neighborhoods.  We assign a community liaison who partners with representatives from community/civic organizations, business groups, churches, technology centers, educational institutions, cultural centers, local media, and government agencies. And, we work closely with each client to ensure the smooth transition of minority candidates into their workforce. 

However, we recognize that achieving a truly diverse, inclusive culture does not happen without continuous focus and innovative initiatives.  We conduct internal training to ensure that our staff has the knowledge and skills needed to manage culturally and demographically diverse groups.  We then serve as diversity advocates with our clients, helping to build programs that work effectively across differences and support diversity, equality, and inclusion.

Rasmus Pedersen, VP Customer Experience, Diversity and Inclusion Lead, Pontoon

“At Pontoon, we help our customers activate their Diversity, Equity and Inclusion strategies by providing candidates who are representative of the communities our customers serve. When our customers have an inclusive culture where people can truly bring their full self to work, our ability to attract diverse talent increases dramatically, as does our customers’ ability to innovate.”

“You cannot talk about innovation without also discussing diversity. At its core, innovation is about serving the unmet need of your customer base, current or future. To enable innovation, you must ensure your workforce is representative of the communities you serve and the customer base you pursue.”

Kevin Poll, Global Head of Strategic Partnerships, D&I Champion, WillHire

“By 2023, over 52% of the workforce will be made up of freelancers. With this being such a large portion of an organization’s total workforce, those organizations which are committed to D&I must consider their diversity and inclusion strategies across all categories of workers.”

“Millennials will dominate the workforce by 2025 (75%) and most of them prioritize diversity when evaluating work engagements.  We have all heard the phrase “war for talent” and recognizing the importance of diversity and inclusion to the talent supply chain is critical to attract and engage great talent.”

Nina G. Vaca, Chairman and CEO, Pinnacle Group

“In addition to DE&I being the right thing to do – always and forever – there are three critical reasons to include it as a core tenet in the Future of Work movement. First, it upgrades your talent. Second, it makes you a more desirable place to work. Third, more diverse organizations consistently outperform their peers. I simply can’t think of a more obvious strategic imperative for any organization than to elevate its DE&I strategy.”

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Why Diversity, Equity, and Inclusion Need to Be Core Future of Work Tenets, Part I

If you’ve listened to the Contingent Workforce Weekly podcast over the past few years, you may have heard me utter this phrase many times: when it comes to the Future of Work movement, non-technological attributes are just as critical as technology and innovation. Aspects like flexible business thinking, transformative leadership, and an overall agile culture can be just as crucial to an enterprise as the new technology they leverage to get work done.

Diversity, equity, and inclusion represent, perhaps, the most important of these strategy-led Future of Work tenets and deserve a rightful place in the pantheon of work optimization approaches. Diverse workforces, inclusive workplaces, and an overall environment of equity can pay massive dividends for businesses seeking to spark innovation within their total talent community.

I spoke with several technology leaders across the contingent workforce, digital staffing, and HR arenas for their unique perspectives on DE&I as core Future of Work tenets:

Brian Hoffmeyer, SVP of Market Strategies, Beeline

“Leaders should place the same (or – frankly – more) emphasis on DE&I when compared to other Future of Work topics because, first and foremost, it is the right thing to do; we believe that companies and individuals have an imperative to ensure that historically underrepresented people are treated inclusively and equitably. Second, diverse teams win – study after study shows that more diverse teams and companies out-innovate and outperform those who are not. Finally, based on the first two reasons, there is so much opportunity to drive DE&I initiatives in the extended workforce as these programs often lag their full-time counterparts and companies can more quickly hit their DE&I goals due to the transitive nature of this critical part of the workforce.”

Allison Robinson, Founder and CEO, The Mom Project

“By 2025, millennials will make up 75% of the workforce, and they are the most diverse in American history. If you aren’t actively creating a diverse and inclusive environment for future talent that is front and center in every aspect of your business and culture, you will miss out on this talent. Technology investment and digital transformations mean little without the commitment to a more diverse workforce behind them to drive results.”

David Trachtenberg, Chief Marketing Officer, Workforce Logiq

“For too long, organizations have focused their DE&I programs on dollar diversity – their percentage of spend with diverse suppliers. While important, there must be equality of focus on an organization’s most critical asset: its people. An organization’s talent, both contingent and full-time, must reflect the broader sense of community in which it works – and from which it recruits. It’s the right thing to do, and it’s good for business. For example, our proprietary AI-powered insights quantify how visibility in the workplace impacts employee retention: women are over 1.5X more at risk and open to leaving their current role vs. their male counterparts when there are fewer women colleagues represented in their workplace. So, while technology, innovation and other Future of Work aspects are key areas of focus – DE&I is a proven investment to ensure organizations have the engaged talent with which to succeed.”

Rebecca Perrault, Senior Director, Diversity and Inclusion, PRO Unlimited

“Diversity, Equity and Inclusion (DE&I) has been a topic for the traditional workforce for decades. Research has shown that a diverse and inclusive workplace increases revenue growth and the ability to innovate gives you access to highly qualified talent. Ultimately, we are talking about dynamics that impact people and will see the same amazing results from a focus on DE&I in the workforce of the future. It is long overdue that the contingent workforce be included. The workforce of the future is rapidly expanding and presents a huge opportunity for organizations as they consider their business strategies. Now is the time to embed DE&I —  not after the processes have been instituted. To fully realize all the many benefits of DE&I, we need to seize this opportunity.”

Brooke Stovall, Inclusion and Diversity Marketplace Manager, Allegis Global Solutions

“A strong DEI strategy is vital to an organization’s ability to attract and retain great talent. And in the Future of Work, your ability to leverage technology, innovate and evolve at today’s accelerated pace of change hinges on your ability to attract and retain a talented and engaged workforce.

The challenge that arises from bringing DEI into the conversation as a core tenet of the Future of Work movement is that unlike a lot of conversations around technology and innovation, DEI cannot be automated. Developing, nurturing and prioritizing a truly inclusive culture that prioritizes belonging takes sweat equity. It involves conversations and evaluating processes and cultural norms, and bringing DEI into more conversations beyond HR.

Globally, the DEI conversation has expanded from a focus on talent attraction – sourcing, networking, recruiting – to talent retention. It is not enough to bring diverse hires through the door, if the environment and culture they’re coming into isn’t one that prioritizes inclusion and belonging, which are core to the employee experience. It is a financial and time investment to hire someone, you want (and need) them to be successful.

A challenge to business leaders emphasizing DEI like other aspects of the Future of Work, is that you can’t automate or purchase a technology to do all of the work for you. While quantitative and qualitative data and analysis is required to identify gaps and opportunities, and help you track progress, the real work on inclusion and belonging in the workplace requires sweat equity from people across the organization. Inclusion and belonging is everyone’s responsibility, requiring active participation from the highest levels of the company to people a few desks over.”

Maria Luoni, President, RightSourcing

“The past few years have brought to the forefront that a focus on diversity is only part of the equation.  Inclusion is another. Both of these concepts will remain a top focus for organizations in years to come.  Equity is something altogether different. Many innovative organizations are also focusing on the idea of “equity” as part of their overall strategy. This focus in the workplace will be a magnified topic as organizations are being called to operate with a deeper level of transparency around compensation reporting, board representation, harassment reporting, advancement and other talent management practices.”

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