close

search for: services procurement

The Four Future of Work Trends That Deserve More Attention

Business Leadership by Christopher J. Dwyer on

In the final weeks of 2023 and just recently here on the Future of Work Exchange, we highlighted a variety of predictions and insights into the coming months. Not only did we unveil our own thoughts on trends, but also commentary from numerous executive leaders across the greater workforce solutions industry.

While there are many trends and corresponding predictions that generate headlines and steal thunder, there are several other trajectories that may not be front-page news, but nonetheless, are deserving of business leadership attention as we move further into January and, of course, into 2024.

  • Services procurement (and SOW management) are still the “next frontier.” Way back when (let’s not date ourselves here except to say it was a long time ago), I presented on a webinar regarding big contingent workforce management trends. With a headline that read, “SOW and Services Procurement: The Next Frontier,” and a picture of a desert with a gorgeous sunset and mountains in the background, I spoke of how businesses needed to better manage professional services and better tie this complex form of non-employee labor into greater enterprise strategies. Well, over a decade later, and…it’s still the next frontier. Professional services represents upwards of 45%-to-60% of an average enterprise’s total extended workforce spend; in 2024, too many organizations do not include services procurement and SOW under the scope of their contingent workforce programs, which not only leaves millions of dollars in cost savings on the table (via enhanced efficiencies, automation, outsourcing to MSPs, etc.), but a general failure to apply Future of Work-era and “work optimization” strategies to this intricate type of non-employee labor.
  • Long COVID concerns will continue to affect the workforce. COVID-19 is, by-and-large, an afterthought outside of the winter seasons in today’s post-pandemic, “nearly-back-to-reality” world (even though wastewater samples across the states indicate rising levels of the virus due to colder weather and more indoor gatherings). However, in a study released in August, the Workers Compensation Research Institute found that 6% of workers comp claims for COVID illnesses ended up in long COVID situations. While that seems like a small number, the stat is compounded to the total number of COVID-specific compensation claims across the United States…a figure that represents tens of thousands of workers across various industries that will have significant gaps in their resumes (and, in parallel, valuable lost time in honing skills). This could have some major ramifications in verticals that rely on consistent, up-to-date skillsets.
  • Enterprises strengthen the link between artificial intelligence and business leadership. Much of the focus on AI as a business disruptor centers on several discussions: 1) its application as a tactical automation engine, 2) its potential as a strategic, next-generation process enhancer, and 3) its near-boundless, budding power for model- and scenario-building within specific organizational initiatives. What’s oft-missed is just how AI will impact business leadership and corporate problem-solving. AI is the most powerful technology tool that many of us have seen, leveraged, and experienced in our collective lifetime; it only makes sense that business leaders enact optimal configuration to better understand how artificial intelligence will influence core decision-making and how it will help them reimagine how they manage the workforce, long-term enterprise planning, and greater talent acquisition strategies.
  • The next generation of the candidate experience is designed. The earliest concepts behind the “candidate experience” revolved around how candidates progressed through engagement and hiring processes. In recent years, and especially in the wake of post-pandemic business evolution (specifically around bigger ideas like “humanity”), more of that experience tended to correlate with candidates’ perceptions of their future employers, particularly aspects like workplace culture, inclusive environments, and the non-financial attributes of the company brand. We will see a shift in the candidate experience as 2024 unfolds; with the power of converging AI and human-based candidate experience strategies, businesses will be able to better-tailor messaging to talent prospects, hone communication with candidates, and revolutionizing engagement processes to consider workers’ preferences, skills, and career aspirations.
read more

How Do We Define Direct Sourcing in 2024?

Uncategorized by Christopher J. Dwyer on

In the realm of workforce management, the concept of direct sourcing has not escaped the fervor of its own hype machine. The question persists, though: what defines direct sourcing? What is its true “reality”? What “state” is direct sourcing in today, given the evolution of talent acquisition and extended workforce management?

There is no easy answer, unfortunately. The most interesting facet regarding direct sourcing is that the industry has not yet settled on a true definition; much like contingent workforce programs can be called such without a drop of automation or third-party support, direct sourcing often falls into the same spectrum. Even without a VMS, extended workforce platform, or MSP in place, businesses can state that their non-employee workforce programs are tried-and-true (and “end-to-end”) even in cases where additional attributes, particularly services procurement and SOW management, aren’t considered part of the overall initiative.

Misconceptions surrounding direct sourcing often center on the intricacies of its implementation and the true characterization of what qualifies as genuine “direct sourcing.” Does an enterprise curating its talent internally and channeling candidates into a talent pool truly embody direct sourcing as a core workforce strategy? To discern the essence of direct sourcing, we must explore its full spectrum, including segmentation, integration into primary recruitment streams, and the facilitation of talent nurture capabilities — which is where the question arises: is automation indispensable for it to be deemed a true, end-to-end program? Do enterprises require deeper talent technology stacks to ensure direct sourcing meets its potential as a talent acquisition gamechanger?

That question is a bit easier to answer. Event though direct sourcing stands apart as a workforce strategy that yields significant benefits even when its components are selectively harnessed, there is so much more value in the initiative when its fueled by next-level automation and an edge of talent acquisition transformation. While businesses prioritizing meticulous talent curation and the optimization of talent communities often find themselves equipped with top-tier candidates, particularly crucial in an era where experience and skillsets reign supreme, the truth is that the full potential of direct sourcing, especially in terms of talent nurture, referrals, and skills-based hiring, requires the incorporation of advanced capabilities facilitated by direct sourcing platforms, artificial intelligence (AI), and extended workforce automation.

Yet, challenges abound. Executive buy-in, functional collaboration, and recruitment disparities can impede the success of direct sourcing. It is crucial to recognize that talent curation alone is not a panacea, and merely applying direct sourcing-like processes to existing talent acquisition capabilities falls short. Enterprises must delve into the core motivations behind adopting direct sourcing and implement comprehensive measures for its end-to-end execution. Cost savings demand agile talent engagement and the seamless integration of talent pool/community candidates into existing recruitment streams, while an enhanced candidate experience necessitates placing AI and related technology at the forefront of every candidate journey, particularly in a mobile setting.

And, with skills-based hiring becoming a critical recruitment initiative for 2024, defining “direct sourcing” will entail converging multilayered strategies and solutions, along with progressive business thinking, into a seamless program that facilitates the next generation of hiring.

read more

Future of Work 2024: Predictions For The Year Ahead (Part I)

Business LeadershipContingent WorkforceDirect SourcingDiversity and InclusionGeneral InsightsHRSolution ProvidersTalentTalent AcquisitionTechnology and Innovation by Christopher J. Dwyer on

It’s that time of year again when we leverage our insights and experiences from the year that was to effectively look forward to the months ahead. The Future of Work Exchange is excited to share a variety of commentary from thought leaders and executives from across the industry. Today is the first in a multi-part series that will run through the end of next week.

“In 2024, we will see real examples of total talent management (or total workforce optimization) where organizations use newly available tools to get visibility into their entire workforces and use that to drive both better decision-making and to ensure compliance with an increasingly complex regulatory environment.” – Brian Hoffmeyer, SVP of Market Strategies, Beeline

“The Future of Work demands a cognitive contingent workforce management platform, a central nervous system for talent that orchestrates every channel. This platform won’t just hire; it will predict, adapt, and learn — anticipating your needs and delivering the right talent, right when you need it. Human expertise augmented by AI will create a workforce that’s nimble, responsive, and thrives in a constantly evolving landscape.” – Vidhya Srinivasan, Chief Product and Marketing Officer, Magnit

“2024 will be the year that differentiated talent sources start to become more accessible through a single point of entry. VMS platforms, Direct Sourcing platforms, and Marketplace aggregators will become better integrated, allowing organizations to have more coordinated access to all types of contingent labor (contract, consultant, gig, freelance, SOW).” – Kevin Leete, Senior Director of Sales, WorkLLama

“The contingent labor market presents the greatest opportunity for disruption. Over the past decade, we have seen only incremental changes as the value of this workforce segment is increasingly recognized. The need for agility will only continue to grow and when paired with increasing talent shortages, organizations need to broaden their view and approach to ensure their workforce strategies will be both competitive and sustainable.” – Amy Doyle, Global Leader, SVP, Talent Solutions TAPFIN

“AI will benefit the workforce by creating more jobs, improving efficiencies, and powering our imagination to rethink how we work.” – Sunil Bagai, CEO, Prosperix

“In 2024, we expect to see RPO making a comeback and more organizations will leverage their employer brand to attract and engage contingent labor through technology-enabled talent communities and direct sourcing. Unsurprisingly, services procurement is also high on the agenda, given it represents a largely untapped opportunity for procurement to drive huge strategic and efficiency gains as well as cost savings. All of this will pave the way for a more integrated approach to workforce solutions and dare I say it, possibly even total workforce solutions.” – Sara Gordon, SVP Client Relationships, Guidant Global

“Everyone loves a good headline and nowhere more so than tech, where we were inundated in 2021-22 by stories of ‘Quiet Quitting’ and the ‘Great Resignation,’ and of course, the ubiquity of remote work in a COVID-informed knowledge work ecosystem. First, let’s not forget that from the vantage point of the supply chain, most of the talent that support this incredibly robust ecosystem have been working onsite without interruption before, during, and after the pandemic. But for traditionally office-based professionals, a lot has changed in 2023. The pendulum has swung away from white-collar talent and if not directly toward employers, then to somewhere abstract that seems relatively inaccessible to either party. The ‘Great Resignation’ has been replaced by the ‘Great Reckoning’ – a realization that forcing computer-reliant workers back to the office, when they’ve proven historically that they can be effective working remotely – will result in neither increased satisfaction nor increased productivity.

Also, all these RTO mandates conflate work volume with visibility and suggest a level of short-term memory recall. Back before the pandemic, in tech at least, we spent most of our time in an office, but we weren’t particularly heads-down. There were a lot of lunches out, a lot of chit chat in meeting spaces, and a lot of running out midday to go to the gym, meaning that productivity can be higher when those things aren’t a convenient option. That being said, the concept of culture in a world of remote knowledge work is tricky, for precisely that reason. People are working incredibly hard remotely, grinding as it were, without being able to interface with people face-to-face or separate their home and work worlds. That leaves us collectively on the precipice of burnout and contributes to an already epidemic amount of loneliness. For 2024 I predict a radical refocusing on creating cultural connection, leveraging technology and the platform ecosystem to generate and cultivate stronger bonds between people, greater alignment and efficiency, and an increasing level of honesty and authenticity around the concept of identity and fulfillment within a professional context.” – Vinda Souza, VP of Corporate Communications, Employbridge

read more

How Next-Generation MSPs Will Transform Total Talent Management

Contingent WorkforceTalent AcquisitionTechnology and Innovation by Christopher J. Dwyer on

For the past decade (plus), total talent management has often been akin to chasing a mirage in the business landscape—a tantalizing concept that’s been discussed widely, but rarely (very rarely) seen in its entirety within global organizations. While we’ve occasionally encountered fragments of total talent programs in a few enterprises, and observed specific facets of these endeavors, like total talent acquisition and procurement and HR collaboration, being embraced by forward-thinking workforce management solutions (and enterprise programs), the full realization of this concept has remained an elusive pursuit.

Total talent intelligence serves as the foundational bedrock of comprehensive talent management, drawing a wealth of invaluable insights from the combined workforce of both full-time employees and non-employees. This multifaceted approach hinges on the seamless integration of data originating from diverse sources, including Human Resources Information Systems (HRIS), Vendor Management Systems (VMS), Applicant Tracking Systems (ATS), Freelancer Management Systems (FMS), and an array of analogous platforms like direct sourcing, digital staffing, etc. This comprehensive data synthesis empowers organizations with unprecedented depth and clarity into their entire talent pool, ushering in a new era of data-driven workforce management.

In the current workforce landscape, a significant transformation is underway. With nearly half of the average organization’s workforce composed of contingent talent, the concept of total talent intelligence has emerged as an indispensable cornerstone in shaping workforce management strategies for 2024 and beyond. Among the driving forces of this evolution are Managed Service Providers (MSPs), poised to assume pivotal roles as the epicenters of total talent intelligence.

MSPs are uniquely positioned to harness the potential of total talent intelligence and, in doing so, offer enhanced value to their clients and contingent workforce management (CWM) programs. Equipped with an arsenal of capabilities including direct sourcing, services procurement, Statement of Work (SOW) management, and independent contractor administration, along with a nearly 25%-to-30% crossover for existing clients who utilize MSPs for Recruitment Process Outsourcing (RPO), today’s MSPs boast real-time access to rich data on the entirety of the workforce.

And, there’s an additional, critical attribute of today’s MSPs that position these solutions to make a greater push for total talent intelligence: many modern, leading Managed Service Providers have fully-integrated and self-service analytics portals that not only provide user programs with real-time data concerning contingent workforce utilization, labor market rates, talent utilization, skills gaps, etc., but also a next-generation swatch of intelligence that is pulled from myriad systems (aforementioned above) that can, yes, you guessed it…get us ever-so-closer to true total talent intelligence.

Leading MSPs, such as Magnit, Talent Solutions TAPFIN, Guidant Global, KellyOCG, AMS, HireGenics, Atrium, Randstad, and eTeam, represent the next generation of workforce management solutions that will reimagine and transform the very definition of total talent management.

As we steer towards the horizon of 2024, MSPs find themselves in a compelling juncture, standing at the precipice of the workforce management paradigm’s evolution. The time is ripe for them to grasp the essence of total talent management, and the gateway to this transformation is through the conduit of total talent intelligence.

The ultimate goal of total talent intelligence, and the true manifestation of total talent management, is the ability to respond with agility to ever-changing talent demands based on a profound understanding of the entire workforce.

MSPs are well-positioned to embody this essence and lead the charge as the linchpins of genuine total talent intelligence. By embracing this role, they become instrumental in shaping the future of workforce management, propelling organizations toward a new frontier of data-driven, agile, and highly effective talent acquisition and management. As the landscape continues to evolve, this evolution will be integral in defining the success and sustainability of organizations in the Future of Work era and beyond.

read more

A New Era of Innovation, Part V: The Transformative Solutions Landscape

Solution ProvidersTechnology and Innovation by Christopher J. Dwyer on

Over the summer, the Future of Work Exchange featured a series of articles focused on the “new era” of innovation happening within the technological landscape associated with the Future of Work movement. The exclusive feature series highlighted providers that are revolutionizing the many ways businesses not only find, engage, source, and manage talent, but also how that talent is leveraged to optimize how work is addressed and done.

Given the advancements in arenas such as direct sourcing, digital staffing, VMS, extended workforce management, total talent management, and MSP-led services, the workforce solutions arena stands out as a revolutionary force in today’s business world. Its agility allows companies to stay ahead of the curve, its flexibility adapts to the changing nature of work, and its pace of innovation continuously reshapes the landscape of talent acquisition and management.

As businesses continue to navigate an ever-evolving talent landscape, the workforce solutions industry remain a critical enabler of success, offering the tools and strategies needed to thrive in an increasingly competitive environment. Today, we feature four additional solutions that represent a new era of innovation.

HireGenics

The Future of Work Exchange has a history of tracking the progression the Managed Service Provider (MSP) model by discussing how these mature industry giants have transformed the way businesses manage the many intricacies of extended workforce management. In the face of unprecedented change in how work gets done, some MSPs have converted their offerings to suit the flexibility and agility attributes inherent in today’s Future of Work-led enterprise arena.

HireGenics is a reflection of this evolution. The organization has made waves by changing MSP delivery models to be more “in tune” with the innovation required to help businesses succeed in the current frenetic climate. The solution’s “MSP 4.0” model represents a forward-thinking approach to MSP offerings by leveraging artificial intelligence and insight-driven analytics to optimize talent acquisition, enhance diversity, and offer flexibility in scaling according to shifting market demands. HireGenics is actively reshaping contingent workforce management with innovation and adaptability at its very core.

eTeam

With over 350 of the Fortune 1,000 as key clients, eTeam represents the next generation of managed services and total workforce solutions. For nearly two decades, the organization has offered its deep MSP capabilities to companies across the globe, while expanding over the years into new regional markets and adding deep offerings in SOW management and services procurement, integrated talent solutions, EOR and payrolling, direct sourcing, etc.

eTeam’s global suite of solutions extends to several innovative arenas, as its umbrella of organizations address many progressive attributes of the new world of work and talent. High5 is a market leader in direct sourcing and digital staffing, while Compass (EOR and payrolling) and Elevance, a next-generation compliance and risk mitigation tool, round out its arsenal. eTeam’s TOTAM solution is a unique take on total talent management as an innovative blend of freelancer management, digital staffing, DE&I automation, business intelligence, and VMS tools that converge within a robust technological infrastructure.

Rightsourcing (by Magnit)

The healthcare workforce faced its toughest challenge in 2020 and 2021 as the COVID-19 pandemic ravaged hospitals, burned out workers, and reimagined how this industry viewed its talent and expertise. An interesting facet of this vertical, however, was the fact that hospitals and healthcare facilities increased their utilization of non-employee labor and extended talent during this harrowing time, proving that, yet again, the contingent workforce could play “hero” during troubled times.

Rightsourcing (part of Magnit) fosters workforce innovation in the healthcare and life sciences verticals by allowing organizations to tap into external expertise and Best-in-Class contingent talent. With the power of Magnit’s Integrated Workforce Management (IWM) platform behind it, Rightsourcing is a market leader in the healthcare (and life sciences) industry with its cutting-edge managed services delivery and wide suite of offerings that enable businesses in these sectors with flexibility, agility, and Future-of-Work-era technology and automation. As the healthcare workforce evolves, solutions such as Rightsourcing will lead the path to optimizing talent, enhancing patient outcomes, and meeting the unique and critical demands of this intricate industry.

Graphite

The impact of digital staffing cannot be understated; Ardent Partners and Future of Work Exchange research underscores not only its evolution but also its rampant growth, as utilization of these platforms has increased by almost 800% over the past five years. This statistic serves as a testament to the profound impact these solutions wield within the Future of Work movement and the broader spheres of work and talent.

Enterprises aim to seamlessly connect top-tier expertise with the specific projects and initiatives that demand such capabilities. Graphite, an expert network provider, was established with the vision of uniting businesses with exceptionally skilled independent professionals using advanced matching capabilities, artificial intelligence, and comprehensive project oversight. Graphite represents a cutting-edge talent marketplace that prioritizes adaptability, nimbleness, AI-driven solutions, and the ability to expand the workforce as needed.

read more

Optimize Your Workforce with Recession-Proof Strategies, Part Two

Business LeadershipContingent WorkforceGeneral InsightsHRTalentTechnology and Innovation by John Yuva on

We’re now two months into the second half of 2023 and economically speaking, things are looking positive. The Bureau of Economic Analysis reports that GDP grew 2.4% in the second quarter of 2023. The labor market remains tight with unemployment at 3.6%, a rate not witnessed in decades. However, according to the U.S. Bureau of Labor Statistics, the tight labor market allows the Federal Reserve to continue raising interest rates to fight inflation. Currently, inflation rests at 3%, a percentage point higher than the Federal Reserve’s longer-run goal of 2%.

Does the state of the current U.S. economy equate to a “soft landing” and the evasion of a recession? Maybe, maybe not. Due to the expectation of continued interest rate increases and the potential ramifications, uncertainty remains among executives and their enterprises. Thus, many are considering strategies over the next six to 12 months to recession-proof their critical workforce and their organizations.

With that in mind, the Future of Work Exchange features part two of a three-part series exploring several contingent and overall workforce strategies to achieve a recession-proof enterprise over the next few weeks. Part two explores the next three strategies.

Enhance Overall Workplace Culture

Enhancing a workplace culture for both contingent and permanent workers means creating opportunities for communication, engagement, and performance. First, it should start with clearly communicating the enterprise’s core values and mission that lead to consistent behaviors and performance goals. The mission and core values should permeate the enterprise and be modeled by leadership. Second, a workplace inclusive of different backgrounds and perspectives, while also promoting employee engagement, fosters a sense of belonging and community. Inclusiveness and engagement can transform workforce communication as well as generate collaboration and strategic problem-solving. And third, institute a reward and recognition system that promotes higher performance, skills development, and innovative thinking. Ultimately, bringing enhancements to the workplace culture not only helps retain talent but attracts it as well.

Holistic Approach to the Workforce Beyond Productivity

The Future of Work has brought greater attention to the workforce beyond just productivity. HR leaders, business managers, and executives who take a holistic workforce approach are placing greater emphasis on employee empowerment, emotional intelligence, and meaningful work. When employees are given more autonomy, they take ownership of their work and experiment with new ideas — a win-win for the employee and the enterprise. Similarly, leading with empathy has been shown to create a more supportive environment where managers and employees are more attuned to the well-being of colleagues. When it comes to purpose, assigning employees to projects where their passions or strengths lie makes the work more meaningful. That alignment will enhance job satisfaction as well.

Reallocate Budgets for Investment in Automation and Technology

When it comes to realigning budgets for greater investment in automation and technology, begin with identifying redundant processes and inefficient workflows. Show stakeholders how automation can eliminate the costs associated with inefficiencies. From a talent perspective, employing automation for talent acquisition and talent management, particularly for the contingent workforce, can bring those processes in-house for more strategic decision-making. Extended workforce platforms expand the power of VMS technology, for example, by offering more talent-oriented solutions that augment how a business manages nuanced, Future of Work-led aspects, such as DE&I, talent communities, services procurement, the candidate experience, the hiring manager experience, etc. With enterprises shifting to skills-based hiring, utilizing automation and technology to attract candidates with specific skills and competencies is now a strategic imperative.

The economy is proving resilient against a recession. However, implementing holistic workforce strategies focused on talent attraction and retention, workplace culture, and automation and technology can be just as impactful against recessionary trends. Next week, we’ll explore three more recession-proof enterprise workforce strategies.

read more

A New Era of Innovation: Inside the Workforce Technology Revolution (Part Two)

Contingent WorkforceSolution ProvidersTechnology and Innovation by Christopher J. Dwyer on

Last week, the Future of Work Exchange featured a discussion about the technological revolution happening within the greater world of talent and work. In a world combining economic uncertainty, a candidate-centric focus, and continued evolutionary change in a post-pandemic business landscape, an organization’s workforce solution reliance is often what sets it apart from the competition.

Today, we focus on perhaps the most mature of all workforce solutions: Managed Service Providers (MSPs).

Expansive MSP Offerings

The MSP model has experienced it all: the beginnings of contingent workforce management, the economic ups and downs, several “great recessions,” a pandemic, and so much more. If there was a workforce solution best suited for a topsy-turvy business arena based on knowledge and experience alone, it would be the Managed Service Provider.

While MSPs have long held the throne of maturity regarding services-oriented workforce offerings, today’s providers barely resemble their humble beginnings decades ago. Let’s explore four of them.

Magnit

Providers like Magnit represent an ideal evolution of the MSP model. The organization, formerly known as PRO Unlimited, underwent a progression over the past several years that not only saw the firm update its name and brand, but also turbocharge its offerings to reflect the dynamic world of work and talent. Over the past three years specifically, Magnit revolutionized direct sourcing, introduced powerful and end-to-end workforce management concepts, reinvigorated services procurement, and adopted a “platform” approach towards extended workforce management through its innovative MSP and Vendor Management System (VMS) blend of technology.

Talent Solutions TAPFIN

Talent Solutions TAPFIN (part of the Manpower Group) has long delivered extensive value to the CWM arena via its continuous innovation and decades-long commitment to furthering the art of talent management. What sets Talent Solutions TAPFIN apart from its MSP brethren is its focus on “talent sustainability,” a concept that the Future of Work Exchange has trailblazed for several years. In a candidate-centric, talent-oriented business arena in which deep skillsets are table stakes, Talent Solutions TAPFIN’s delivery of “net-zero” strategies, ecosystem enablement, and self-sustaining sources of top-tier talent (via programs like direct sourcing and digital staffing) are must-haves in today’s post-pandemic world.

Pontoon

Although the MSP model has long been services-oriented, the technological realm should never be out of reach for these solutions given the Future of Work-led corporate market we work (and live) in today. Pontoon, part of the Adecco Group, is the rare MSP that places technology at the core of its principal offerings. Pontoon is known for its digitally-centric slew of managed services, RPO solutions (called “RXO” to reflect an experience-driven offering that is one of the strongest recruitment-led offerings in the MSP arena), and services procurement tools. And the solution backs up its total talent messaging with robust delivery models that blend direct sourcing, recruitment augmentation, and offerings that dynamically align contingent workforce and permanent hiring strategies.

Guidant Global

Guidant Global, part of the Impellam Group, is an end-to-end workforce solutions provider that has, for many years, driven excellence across the spectrum of contingent and traditional talent management via its reliance on a multifaceted array of services, tools, and unique strategic approaches. Guidant Global was an early pioneer in direct sourcing, owing its success to an elegance across its recruitment-led offerings, commitment to enhancing client brands, and true workforce scalability. In today’s frenetic, globalized, and Future of Work-led enterprise arena, Guidant continues to lead with powerful services procurement and SOW management solutions (one of the strongest in the MSP market), a commanding arrangement of contingent workforce solutions, a strong commitment to the candidate experience, and analytics-led total talent management offerings that effectively bridge the gap between spend management and people management.

Stay tuned for the next article in our feature series on the workforce technology revolution.

read more

The “FOWX Live” Executive Roundtable Is Back…Join Us In Boston on June 13

Uncategorized by Christopher J. Dwyer on

Last year, the Ardent Partners team hosted the inaugural Future of Work Exchange LIVE (“FOWX Live”) executive roundtable event, which saw executives from around the globe connect, converse, and network around topics such as the extended workforce, remote and hybrid work, the evolution of talent acquisition, services procurement, etc.

The second annual edition of our exclusive executive roundtable series returns on June 13 in Boston at the historic Harvard Club venue. Join us for an engaging and exciting event in the heart of Boston as we discuss the topics that are driving change in the world of work and talent.

This event will bring together thought leaders and industry experts to explore key topics such as the impact of technology, the changing nature of work, and strategies for attracting and retaining top talent. Whether you’re looking to optimize your procurement processes, revamp your talent acquisition strategy, or improve your HR practices, this event is for you.

Don’t miss this opportunity to network with like-minded professionals and gain valuable insights that will help you drive success in your organization. Register now to secure your spot at the Future of Work Exchange LIVE executive roundtable event in Boston on June 13. We look forward to seeing you there!

read more

FOWX Notes, May 5 Edition

General InsightsSolution ProvidersTechnology and Innovation by John Yuva on

Some picked-up pieces, news, and insights from across the evolving world of talent and work:

  • Magnit, a leading integrated workforce management platform that offers MSP, VMS, direct sourcing, services procurement, EOR, etc. solutions, announced the appointment of Teresa Carroll as its new CEO. Carroll spent nearly three decades at Kelly Services, where she served as President of Global Talent Solutions, and also served as President of Oasis, a Paychex Company. In a press release on Wednesday, Carroll noted, “I am excited to lead the business and look forward to working with the Magnit leadership team and Board of Directors to achieve our ambitious strategic goals. The opportunity that lies ahead for our business is tremendous. We will continue to focus on our guiding principle of driving the evolution of work through our unique position in the talent supply chain. I am confident about the continued success and the positive impact we will have on our clients, suppliers, workers, and other stakeholders.”
  • WorkLLama, technology provider of an AI-driven, talent marketing, relationship management, and direct sourcing suite, and High5, a leading provider of global talent solutions, together have formed a strategic partnership to bring direct sourcing and curation of talent to leading healthcare organizations. According to Sudhakar Maruvada, CEO and Founder of WorkLLama, “The healthcare industry has undergone a fundamental shift in the past few years. One of the biggest challenges is a shortage of workers to support it,” he says. “We believe our platform, along with High5’s unprecedented access to talent, will enable these organizations to find and engage the talent they so desperately require.”
  • Worksome, an external workforce management platform that helps enterprises compliantly hire and pay contractor workforces globally, announced the launch of revolutionary direct sourcing and global independent contractor compliance. According to Morten Petersen, co-founder and CEO of Worksome, “The current economic situation, coupled with a boom in contractors, means companies are expanding and leveraging their non-employee workforces to increase agility,” he says. “For our customers, having access to the global talent market to find the right skill sets —regardless of where the worker is operating from — is imperative when working at an enterprise level. This is why we’re introducing new functionality that provides an even more centralized approach to external workforce management,” Petersen adds.
  • Coupa Software, a leader in business spend management (BSM), announced that Rob Bernshteyn has departed the company after more than 14 years as CEO and Chairman. According to Bernshteyn, “It’s been the professional and personal privilege of my lifetime so far to lead this company and help to define Coupa’s community-driven strategy and vision. With Business Spend Management, my Coupa colleagues and I proudly galvanized an entirely new category of software innovation,” he said.
  • The World Economic Forum (WEF) released its Future of Jobs Report 2023, revealing that over the next five years, the world will lose 83 million jobs but will create 69 million new positions. The survey included responses from 803 companies from across 45 economies. While a 2% reduction in worldwide employment is expected by 2027, job opportunities will grow for specialists in artificial intelligence and machine learning, sustainability, business intelligence analysis, and information security. The fields with the largest absolute growth are expected in education, agriculture, and digital commerce.
  • Worksome, an external workforce management platform that helps enterprises compliantly hire and pay contractor workforces globally, announced the launch of revolutionary direct sourcing and global independent contractor compliance. According to Morten Petersen, co-founder and CEO of Worksome, “The current economic situation, coupled with a boom in contractors, means companies are expanding and leveraging their non-employee workforces to increase agility,” he says. “For our customers, having access to the global talent market to find the right skill sets —regardless of where the worker is operating from — is imperative when working at an enterprise level. This is why we’re introducing new functionality that provides an even more centralized approach to external workforce management,” Petersen adds.
  • Tundra, a direct source curation provider, and Magnit are working together to create the a scalable direct sourcing solution. The partnership enables companies to leverage the power of their brands to attract and grow talent more efficiently through direct sourcing. According to Ryan Buma, EVP, Growth & Innovation at Magnit, “Magnit has a 30-year history of building tailored workforce management programs, and our partnership with Tundra will help us keep true to our mission to deliver what’s next to organizations and talent,” Buma said. “Bringing together these two powerful portfolios will enable the rapid growth of direct sourcing programs within client organizations, providing them with a critical competitive advantage across evolving hiring markets.”
  • Artificial intelligence is being integrated on many platforms and Salesforce is no exception. The company announced Einstein GPT, the world’s first generative AI customer relationship management technology. In a statement to Yahoo Finance Live, Salesforce CEO Marc Benioff said, “With this next generation of generative AI, what it means is that AI is going to be able to do even more for you. It can code for you. It can write letters for you if you’re a sales executive or a service executive. It’s going to be able to create content. There’s a lot of things that AI is able to do today that we couldn’t do 10 years ago.”
  • The U.S. Equal Employment Opportunity Commission (EEOC) has obtained a default judgment in U.S. District Court in its sex discrimination lawsuit against Green JobWorks LLC, the federal agency announced today. According to EEOC Regional Attorney Debra Lawrence, “It has been almost 60 years since the passage of Title VII, yet many staffing agencies continue to believe that they can indulge discriminatory customer preferences and engage in stereotype-based selection practices with impunity — and they’re wrong,” she said. “The EEOC will continue to carefully scrutinize the conduct of staffing agencies and employers in construction-related industries and the skilled trades, and the agency will take forceful action to redress violations of federal law.”
read more

The Top Talent Challenges of 2023 (So Far)

Business LeadershipContingent WorkforceDirect SourcingTalentTalent Acquisition by Christopher J. Dwyer on

The business arena is shrouded in disruption and uncertainty, given the volatility of the labor market, supply chain risks, and economic challenges that are plaguing a variety of industries across the globe. With talent as the modern enterprise’s top competitive differentiator, it is no wonder that these external factors are placing pressure on talent-specific operations within the average organization, particularly workforce oversight, extended and contingent workforce management, skills analysis, talent engagement, talent acquisition, services procurement, etc.

In another exclusive Future of Work Exchange infographic, we highlight some brand new Ardent Partners research and unveil the top talent-oriented challenges for businesses (thus far) in 2023.

read more
1 2 3 4 … 7
Page 2 of 7