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Agile Workforce

Talent, Technology, and Transformation are the Future of Work (Upcoming Webinar)

For the past several years, the simplest way I could define the Future of Work was the optimization of work via talent, technology, and transformative thinking. While the Future of Work has evolved mightily given specific accelerants and the advent of innovative new tools and strategies, the foundation is the same. This year’s Future of Work Exchange Report for 2021 (formerly titled The State of Contingent Workforce Management) found that:

  • The pandemic’s main effects on enterprise talent were squarely focused on a series of interconnected attributes related to the workforce, especially in regard to the type of worker required to meet fast-changing needs and requirements of the business and the means in which to manage it effectively.
  • Traditional workforce management required new approaches to assure ongoing operations, given the mighty (125%!) increase in the utilization of remote and hybrid work models.
  • Going into 2020, 43.5% of the average organization’s total workforce was considered “contingent.” In 2021, that number sits at 47% and there are strong indications that this percentage will grow as the transformation of talent and work continues forward.
  • 82% of businesses stated in our study that the agile workforce enabled flexibility and scalability at a time when it was most needed. As markets recovered, enterprises had the ability (via talent marketplaces, talent pools and communities, as well as traditional staffing suppliers, etc.) to ramp up hiring to meet growing demand.
  • The impact of workplace culture evolution in 2021 means that more workers, having experienced more individual control and responsibility over their work days, would like to retain some level of control over when and how they get work done – from the hours that they work to how they physically address their workspaces. As businesses push deeper into the realm of digital transformation, the remote work-specific facets of worker and workplace flexibility are not only better-enabled (via enhanced collaboration tools and unified communications), but more realistic pieces of the Future of Work movement, and, most importantly, a central asset to overall work optimization, and;
  • The enterprise’s renewed focus on its human capital and overall depth of skillsets across the greater organization (as 62% of organizations are prioritizing in 2021 and beyond, according to FOWX research) means that businesses require the necessary tools, solutions, and strategies for engaging, managing, and driving value from their extended workforce.

I’m excited to join Beeline’s Judy Bumgarner (their Director of Product Strategy) on an exclusive webcast TOMORROW at 11am ET to discuss the new research, the above bullets, and, of course, the Future of Work today and into 2022. Click here or on the below image to register.

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Modern EOR, Agile Workforce Transformation, and the Future of Work: An Interview with myBasePay Co-Founder, Angela Alberty

myBasePay is transforming what it means to be an agile workforce management technology platform. The Future of Work Exchange is excited to welcome the solution’s co-founder and Chief Business Officer, Angela Alberty, for an engaging discussion on the Future of Work, the evolution of the agile workforce, and more:

Christopher J. Dwyer: Thanks for joining us, Angela. It’s great to chat once again. Tell us a little bit about your background.

Angela Alberty: Thank you for coordinating, Chris, its an honor to be able to join, and congrats on the launch of FOWX! Well, my background is probably consistent with most in this space, meaning: I didn’t necessarily grow up wanting to be in the staffing / human capital space. But one year out of college I quickly found myself in a position at an agency and the rest has consisted of the last 10 years in the employer of record (EOR) space, with a specialization in the contingent workforce sector for some of the largest EOR providers out there. A year ago, I had the opportunity to partner with Cesar Jimenez and co-found myBasePay. With similar backgrounds, we launched in March of this year and its been exciting to see our brand grow into one of the new waves of the modern EOR platform, with an aligned mission in representing the advocacy for the temporary worker.

CJD: One thing that I’ve experienced thus far getting to know you and the myBasePay team is the camaraderie between your executive team. How important is that level of peer engagement when it comes to MBP’s level of success thus far?

AA: Its tremendously important and in terms of gauging it adequately, its been pragmatic on what I would consider our progress thus far. We each lend different areas of insight and have leveraged a team with the same level of conscious input and subject matter expertise. Adding to that is a layer of genuine companionship that has just organically seeped into the culture we’ve established amongst our staff. So I definitely feel that there is this positive, residual effect that our internal identity has benefited from as well.

CJD: You spent time in the staffing and contingent workforce industries before joining MBP. How does that expertise help the platform solve the problems it was designed to do?

AA: Well, I’ve been fortunate to see the contingent workforce ecosystem from many different angles: working with teams of general counsels to administer contracts, communicating with brokerages to establish risk management programs and portfolios of business, onboarding and processing payroll for hundreds of temporary workers under different verticals, working in and out of various VMS platforms for day-to-day procedures and running costs analysis to build and devise implementations for teams of contingent worker types while gaining fundamental concepts of HR and compliance oversight. These are all areas that are vital to a proper formation of an EOR business model, and coupled with the expertise our team brings to tie the technology behind the user and worker’s experience within our platform, are truly what we want to enable to solve these problems.

CJD: I very much admire the main goals of the myBasePay solution: provide EOR functionality, support contingent workforce management, and connect businesses with top-tier talent. How did the team develop this unique approach?

AA: You know, I think the best way to answer this question can probably apply to so many different areas of life in general: you live and experience the problems you eventually seek out to fix. I’ve mentioned this in prior presentations of our company but we’ve lived in the shoes of the independent contractor on 60-day payment terms, the temporary-waged worker trying to make ends meet during the holidays because they don’t qualify for PTO, the staffing agency owner reading through mounds of legal language to qualify as a supplier, the processor trying to gauge the risk threshold for a worker’s classification, and the enterprise customer dealing with a retention issue in their contingent workforce management (CWM) program because the benefits are subpar (or in some cases, non-existent). These experiences have been foundational in the creation of our goals.

CJD: One major strength is myBasePay’s support of the contractor, freelancer, and gig worker community (by offering the benefits that are normally out of reach). How will this help MBP continue its differentiated approach from others in the market?

AA: You said perfectly when you mentioned the “others” in the market. The EOR concept is nothing new; it has been around for decades, in fact. But we knew from day one our differentiator was going to begin with our prioritization around the worker. Market conditions are ever more poignant on the control that the candidate has in this current climate. But beyond that, what is the indirect benefit that an enhanced benefits structure can lend itself to in a more successful CWM program? That’s exactly the sort of analytical approach we take with each new opportunity. We firmly believe and have been able to showcase through various case studies that an enhanced benefits model can improve retention, increase productivity, and establish loyalty while offering a more aligned level of proper talent curation.

CJD: We’re entering yet another inflection point for the agile workforce, especially after eighteen months of a pandemic. Where does non-employee talent go from here?

AA: Simply put: UP! In fact, the pandemic has pressed the “fast-forward” button on an already increasing segment of the market. The full-time worker model is, dare I say,  reaching antiquated levels. Tenure is dropping, the “Great Resignation” is here, generational impacts are shifting talent’s prioritization where increased skillsets, work-life balance and independence are more important than ever, and enterprise organizations are seeing the value of a more formalized CWM programs (hence the direct sourcing trend we see happening). Times are changing and many reports, including those found within Ardent Partners and FOWX, indicate more investment, participation, workforce market share, etc. being devoted to the non-employee talent segment and the formalization of the programs/departments that will need to grow in order to properly support it.

CJD: What does the Future of Work mean to you?

AA: I’ve asked and have been asked this dozens of times; it’s almost reached a level of philosophical surmise. I am simplistic on this approach: the Future of Work ends and begins with the worker and the technology that encapsulates this notion. The Future of Work is knowing that any person can go online and within seconds have dozens of opportunities waiting for them. How we enhance their working life thereafter with the technology that enterprises and third-party platforms invest in to create that optimum experience will be the ones at the top in the quest for talent. That, to me, is the essence of the Future of Work.

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Key Providers for 2021: Workforce Logiq

The Background:

Several years ago, Ardent Partners predicted in its annual State of Contingent Workforce Management research series (now re-titled under the banner of the Future of Work Exchange) that the world would eventually experience a workforce in which 50% was comprised of non-employee talent (including freelancers, temporary workers, independent contractors, gig workers, and professional services). Today, that number sits at 47% and shows no signs of slowing down in terms of growth and impact, meaning that the “50% threshold” is fast approaching the world of business.

As the ever-evolving attributes of the Future of Work movement cascade into how businesses find, engage, source, and manage their total talent, it is critical that they leverage the next-generation solutions that can effectively transform workforce intelligence and drive long-term value from the agile workforce.

Enter Workforce Logiq.

Why They Were Selected:

Workforce Logiq has come a long way since its days under the ZeroChaos brand, a Managed Service Provider (MSP)/Vendor Management System (VMS) hybrid that had massive staying power across various global regions and large sectors and industries. The rebrand to Workforce Logiq in early 2019 wasn’t just a simple swap of corporate names, but rather a true technological transformation that heralded a new age of total talent intelligence and workforce management innovation.

Today, Workforce Logiq is a leading workforce management solution provider that effectively blends deep human expertise with next-level artificial intelligence and total talent insights. Its predictive analytics engine is an industry differentiator, enabling their customers to leverage on-demand data to execute more educated talent-based decisions in a time when agility is paramount. In fact, Future of Work Exchange research finds that 64% of businesses plan to leverage AI-led tools to support talent retention and related issues within the next two years.

In Their Own Words:

Workforce Logiq provides predictive workforce management solutions powered by an unmatched combination of human and data-driven intelligence.  We help organizations reimagine and transform how they achieve greater management, performance, and financial control over their global workforce and talent supply chains. 

Our global solution portfolio includes: Managed Service Provider (MSP), Vendor Management System (VMS), Statement of Work (SOW), Employer of Record (EoR), Direct Sourcing, Recruitment Process Outsourcing (RPO), and Employment Screening.

The Workforce Logiq Total Talent Intelligence® platform is a proprietary combination of predictive analytics, expert guides, and proprietary technology powered by sixteen patented and patent-pending innovations, including: 

  • Talent Retention Risk (TRR) Score: benchmarks employment volatility within a company, and potential worker interest in unsolicited recruiting approaches.
  • IQ Location Optimizer: identifies the best and biggest pool of available contingent and full-time talent – at the best cost.
  • IQ Rate Optimizer: benchmarks how much an organization needs to pay to attract and win contingent and full-time talent based on unique, company-specific workplace characteristics.
  • IQ Talent Diversity: predicts gender and ethnic statistics on our recruiting database of 100 million professional and knowledge worker candidates – helping organizations make smarter, confident, and more proactive decisions on how to boost employee representation. 
  • And more!

In today’s hyper-competitive talent market, we are committed to helping companies make more informed talent decisions faster, earlier, and more cost-effectively.

The Outlook:

One of the most impressive pieces of Workforce Logiq’s deep technology stack is its ENGAGE Talent offering, which provides real predictive intelligence regarding active and passive candidates while allowing users a real-time picture of how talent is situated across the world. Combined with Workforce Logiq’s longstanding commitment to workforce and data insights (which permeate throughout the entirety of both its MSP services and VMS platform), the solution will continue its reign as a mature and powerful workforce management solution.

Building on top of already-robust SOW management, services procurement, and direct sourcing offerings, Workforce Logiq was already primed for continued success in the months and years ahead before it was acquired by PRO Unlimited over the summer. The two organizations, together, will provide an even deeper end-to-end solution that truly encapsulates the evolution of the Future of Work movement.

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Key Providers for 2021: Beeline

The Background:

With non-employee talent workforce comprising 47% of the total global workforce, businesses across the globe are actively finding that they require advanced tools and next-gen solutions to effectively manage a sector of talent that is growing in both size and prominence. Ardent Partners and Future of Work Exchange research has long pointed to the continued evolution of the Vendor Management System (VMS) technology platform as the relative “nexus” of agile workforce management.

As the Future of Work continues to accelerate how work is addressed and done, it is critical that businesses harness the power of robust VMS technology that can drive visibility into total talent, support control over contingent workforce spend, and serve as an effective extension of the enterprise’s overall extended workforce management strategy.

Enter Beeline.

Why They Were Selected:

Beeline represents the forward-thinking VMS that has consistently evolved alongside the customers it has been serving for over two decades. As the greater contingent workforce industry shifted from “commodity-led” to “talent-led,” Beeline made the necessary advancements to help its users adapt to changing industry standards. And, as the market continued to evolve to include Future of Work-era innovations such as artificial intelligence, direct sourcing, advanced analytics, and extended workforce management, Beeline transformed its end-to-end solution suite to map directly to these new requirements.

Beeline’s sheer breadth of offerings represent an ideal mix of functionality for managing the nuances of today’s growing and thriving agile workforce, including SOW management, services procurement, talent acquisition, talent pools, and total workforce management.

In Their Own Words:

For most companies, human capital constitutes the largest single cost of doing business. Organizations that once relied on internal workforces of direct employees are increasingly supplementing their full-time staff with an agile extended workforce of contingent workers, independent contractors, consultants, and service providers, allowing these companies to adapt quickly and flexibly to market threats and opportunities.

To connect businesses to the rich diversity of talent within the global extended workforce, Beeline creates and implements innovative and sophisticated contingent workforce management solutions. Beyond simply tracking and managing a company’s non-employee workers, Beeline Extended Workforce Platform automates the entire process, sourcing and managing all categories of non-employee talent while providing advanced analytic tools, augmented by artificial intelligence (AI), to deliver the insights organizations need to make better staffing and business decisions.

In the last 20 years, Beeline has become the world’s largest independent provider of solutions for sourcing and managing the complex world of contingent labor. With the deepest, most seasoned team of contingent workforce solution professionals, Beeline delivers innovative technology, end-to-end global and localized customer engagement services, and value-added capabilities which help many of the world’s largest enterprises, including more than 300 Global 2000 clients worldwide, meet their most critical talent needs.

The Outlook:

Beeline has long been a dominant player in the workforce solutions market, often owing its long-term success to dedicated talent-first functionality that supports the overarching goal of true enterprise agility. Even before the company announced its Extended Workforce Platform earlier this year, Beeline was already on a crisp path towards harnessing the full technological potential of the Future of Work movement through an industry-leading talent tech partner ecosystem, an overlay of AI and machine learning to boost the depth of real-time analytics, and a continued commitment to the high-impact realm of services procurement.

As a provider of next-generation agile workforce functionality, Beeline will continue to evolve, adapt, and transform the way its clients harness its powerful solutions to effectively optimize how work is done in 2022 and beyond.

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The Age of the Agile Workforce (Upcoming Webinar)

Around a decade ago, the business world was in a full economic swing. After the darkest days of the Great Recession, enterprises were experiencing a surge for products and services that forced them to reevaluate how work got done due to the recessionary hangover; businesses were still gun-shy of hiring traditional workers at a pre-downturn clip, causing another spike in the utilization of contingent labor.

Just prior to that point in time, the “perfect storm” erupted; both businesses and independent professionals awoke to the value each brought to the table. Since then, neither has looked back.

Today’s “agile workforce” comprises 47% of the average company’s total talent, a far cry from 15 years ago when less than 12% of professionals were working on a contract basis. That the contingent workforce has had staying power is not surprising; there has been so much incredible value driven by this workforce that it also became a “hero” when the COVID-19 pandemic hit early last year. In fact, Ardent Partners and Future of Work Exchange research has discovered that 82% of businesses experienced greater workforce flexibility and scalability due to the power of the agile workforce.

I am thrilled to join Geoff Dubiski, Chief Solutions Officer at Workforce Logiq, for an exclusive webcast tomorrow (October 6) at 11am ET. Geoff and I will discuss the findings from the recent Future of Work Exchange Report for 2021; we will highlight:

  • The latest trends in the world of work and talent.
  • The Best-in-Class strategies, solutions, and capabilities for thriving in an evolving business climate.
  • The pillars of the Future of Work movement, and;
  • How businesses can leverage the next three months to plan for a successful 2022.

Click here to register for tomorrow’s event or click on the image below. I hope to see you there!

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Key Providers for 2021: nextSource

The Background:

With non-employee talent workforce comprising 47% of the total global workforce, businesses across the globe are actively finding that they require advanced tools and next-gen solutions to effectively manage a sector of talent that is growing in both size and prominence. The Managed Service Provider (MSP) model has long been the veteran presence in the contingent workforce management (CWM) solutions market, an “old standby” that has long delivered value in terms of cost savings, workforce visibility, and better access to top-tier talent. MSPs have long been a trusted solution in the operational and strategic management of extended talent, as many businesses have outsourced the day-to-day management of contingent labor to these offerings, who, in turn, facilitate talent acquisition, services procurement (and SOW management), staffing supplier optimization, etc

However, as businesses became more advanced in how they structure their workforce, how they leveraged self-service functionality, and how they tapped into alternative talent channels, the MSP model needed to evolve alongside their customers to continue driving that effective level of wide-scoping value across all facets of workforce management. In fact, some MSPs are placing innovation within its core and cascading a progressive mindset into the fabric of its offerings.

Enter nextSource.

Why They Were Selected:

Service-based offerings are often required to do more to stand out from the progressive technology platforms in today’s complex solutions marketplace. The MSP model has long relied on traditional services (such as payrolling, staff augmentation, supplier management, etc.) to provide immediate value to the world’s biggest CWM programs. However, today’s programs are much, much more intricate now than they were even just a few years ago, considering the criticality of direct sourcing, the complexities of diversity, equity, and inclusion (DE&I), and the overall need for CWM leaders to be able to tap into on-demand, top-tier talent.

nextSource has over 20 years of experience as a leading provider of managed services, but it is their unique blend of data science and forward-thinking, intelligence-driven offerings (that sit on top of its end-to-end MSP model) that enables the solution as a key provider for Future of Work-era talent programs.

In Their Own Words:

For more than two decades, the mission of nextSource has remained unchanged: advance the ways companies connect with talent. Today’s uncertain business environment is marked by talent scarcity in the midst of high unemployment, shifting demographics, increased talent acquisition and compensation costs, and technology that enhances and eliminates jobs at all skills levels. We navigate these workforce challenges to help our clients find, manage, and keep talent.

Traditional approaches to contingent workforce management produce poor results in this new competitive environment. As a vendor-neutral provider of solutions, we partner with the industry’s best staffing agencies, providing the support needed for them to deliver the talent needed by our clients. We augment their capabilities through the establishment of nextSourcing™ talent communities that draw from sources not reached through traditional sourcing channels to increase engagement of women and minorities.  Working with our clients, we create a worker experience that is based on pay equity, revalued work, caregiving, and opportunities for challenging, career-building assignments.

Every Managed Services Provider, Employer of Record, and Agency of Record program applies our Entry Point Methodology, giving clients choice regarding their preferred level of service. And, annual Program Agility Assessments ensure that every program continuous innovates and evolves.

The Outlook:

It’s no secret that the world of work and talent has been permanently transformed. Hiring managers must leverage nuanced tools and strategies to find the best-fit, best-aligned talent, while both procurement and HR executives are forced to reimagine how they manage their total workforce in the face of foundational change. The Future of Work Exchange Report for 2021 research study found that Best-in-Class organizations are 66% more likely to leverage MSPs than all other businesses, a statistic that reinforces the continue value these models bring to the world of agile workforce management.

nextSource offers both traditional and forward-thinking solutions for its clients, with its Program Agility Assessments serving as an incredible differentiator in the application of data science and true workforce intelligence to drive educated and transformative recommendations for long-term contingent workforce management success. With its end-to-end approach balanced with dynamic offerings, nextSource is well-positioned to continue delivering progressive value in the evolving world of work and talent.

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Key Providers for 2021: Talmix

The Background:

The global talent acquisition and HR markets have collectively experienced a near-700% increase in the adoption of digital and on-demand staffing solutions over the past five years, a direct response to the evolution of talent engagement, shifts in how businesses view their contingent workforce, and the overall transformation of how work is addressed and done.

For today’s businesses that crave true workforce agility and aim to engage top-tier talent in an on-demand manner, talent marketplace and digital staffing solutions have emerged as go-to platforms. However, while these solutions offer deep networks of vetted talent, businesses also require functionality that can ensure alignment with key projects, roles, and positions while developing true collaboration between independent talent and enterprise hiring managers.

Enter Talmix.

Why They Were Selected:

Talmix offers one of the deepest channels of strategic talent across the globe and is primed for fast growth in the years ahead due to its robust candidate-matching functionality (fueled by true artificial intelligence), robust analytics and reporting, and commitment to direct sourcing. The solution’s “Talent Passport” offering is a unique module that automatically updates each candidate’s core skillsets (including soft skills) based on the evolution of career paths, projects completed, and answers to dynamic screening questions.

The Talmix solution is one of few platforms that provides a deep service-layer offering on top of a robust technology system and global marketplace of top-tier, in-demand skillsets and expertise.

In Their Own Words:

It’s five years since Talmix launched and our purpose is unchanged – we want to unlock the power of the extended workforce. We have built a talent marketplace and global talent network focused on Business Talent. Companies use Talmix to create an extended workforce which can address skills and operational requirements, and get critical work done.

Our platform automates the heavy lifting for both the client and the talent, so they benefit from a first-class experience in terms of using the platform, and because this is high-end business talent and high-value projects, we don’t forget the service layer to enhance that experience.  Being global provides more flexibility to our clients and talent – the opportunity to have the best talent working on projects, regardless of location.

As more companies turn to the extended workforce, we want to make sure that our platform continues to develop and support those companies with the fastest and most precise way to reach that workforce. For example, this week we’re launching tagging capabilities, meaning more data points on the Talent Passport for talent, and easier ways of defining projects for client.

And our name tells it all –  we believe that with the right mix of talent, anything is possible.

The Outlook:

The Talmix solution enables a deeper understanding of worker demographics, micro-experiences, soft skills, feedback, work style preferences, and other key worker attributes, which are dynamically updated as candidates complete new jobs and projects. This innovative approach towards talent marketplace functionality, especially in a business world that is evolving seemingly overnight, can be incredibly crucial for those HR and talent acquisition executives that require a specific level of expertise for mission-critical projects and initiatives.

And, with its direct sourcing and talent pool functionality, Talmix will be positioned to help global businesses engage, build, and develop a truly agile workforce in the face of massive transformation within the greater world of work.

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Contingent Workforce Weekly, Episode 606: A Conversation With Cesar Jimenez, CEO of myBasePay

Another all-new edition of the Contingent Workforce Weekly episode, sponsored by DZConneX, a Yoh company, features a conversation with Cesar Jimenez, CEO of myBasePay. Cesar and I discuss the impact of direct sourcing, the current state of talent and work, the future of the agile workforce, DE&I, and so much more.

Tune into Episode 606 of Contingent Workforce Weekly below, or subscribe on Apple Music, Spotify, Stitcher, or iHeartRadio.

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Let’s Just Say It Now: The Business World Is Never Going Back to Normal

“Well, I see us returning to the office right after the holidays.”

“We pushed out our return-to-office date to January 15. Hoping it sticks this time.”

“Back in May and June, our target date to get the office up-and-running against was September 16. It gave our working parents enough time to get situated with school schedules. But now, we just don’t know. It’s too hard to communicate a date to our staff because things are changing so rapidly.”

Those are some direct quotes from HR, talent acquisition, and procurement executives that I’ve spoken to over the past couple of weeks. And then there are these quotes, all from HR executives:

“My maternity leave crossed over with the mid-point of the pandemic. My team and I have all been fully remote since then, and I can’t picture any of us going back to the office except for bi-weekly or monthly team meetings or special projects.”

“Whether or not we mandate vaccinations or negative tests, the truth is that our business has fundamentally changed. We’re under 100 employees, which allows us to be a bit nimbler in how we communicate and operate within a virtual setting, and those employees that want to be back at our HQ have had the option for a few months now…but, I just cannot see how we go back to what we were doing before all of this started.”

“There are some big question marks we have. Our flexible workforce alone is anywhere between 800 and 1,000 people on any given day. We’ve done a pretty decent job of figuring out who is working where and how to effectively track how well projects are being completed, but there are some very stressful conversations ahead for our leadership team and what our 2022 looks like. Most of my team understand that things have changed, but how many really believe these changes are going to stick? That is the fundamental question at hand for us: do we attempt to slowly return to the way things were before? Or do we just accept that our organization has been permanently transformed?

While this is a random sampling of just six executives across the millions across the globe, now is a great time for us to remind ourselves of just how much impact the pandemic had on all aspects of our lives. Think of the first day it really hit home for you. That day didn’t necessarily have to be the true beginning of the pandemic as defined by the World Health Organization, so it ranges wildly for each of us.

I can remember the day after then-President Trump declared a state of emergency, editing a podcast for the following week’s edition of Contingent Workforce Weekly. My wife and mother-in-law spent most of that afternoon at the local Target (unmasked, if we can remember a time like that indoors!), stocking up on essentials in the event we were locked down in our homes for a couple of weeks (or more). That feeling inside of my chest, that sinking feeling, was more than just anxiety. It was my brain telling me that we were in something awful for the long haul.

In so many respects, the pandemic has had an incredibly profound impact on how we shop, how we interact with family and friends, how we travel, and ultimately how we live our lives. Some of us have been mildly sick with COVID-19, others have been hospitalized. Some of us have lost family members and friends. Some of us lost our jobs, homes, careers, and livelihoods. The economy may be bouncing back and the labor market may have recovered the vast majority of job losses from 2020, however, there is an indelible mark on every aspect of our lives, including business, that will never be the same again.

Some businesses may aim for a return to pre-pandemic times, but the way we all work has been transformed…for the better.

There are specific complications that we all wish weren’t part of our daily lives, and we certainly can all agree that the scale of tragic loss of life has been truly heartbreaking. I would bet there are several moments per day, too, when we say to ourselves, “I wish I could go back to the way things used to be” when we think of concerts, movies, restaurants, parties, holidays, etc. In due time, those pieces of life will come back to us at a much lower risk than they are today. For the world of business, however, we shouldn’t be thinking about pre-pandemic times, but rather the ways specific “accelerants” forever changed the way we work…forever. Consider that:

  • Distributed teams are the norm now, and, both workers and executives have realized the benefits of the remote and hybrid work models. “The Great Resignation” is occurring mostly because workers have been enabled with the flexibility they’ve always craved, and now that businesses are sounding the “return to the office!” alarms, those highly-skilled workers are choosing to take their talents elsewhere. Work-life balance, the capabilities to attend to homes and/or children during the work day, and an overarching sense of flexibility are all attributes of the ideal workplace for today’s workers.
  • The move to virtual collaboration also sparked a revolution in the realm of digital transformation. Many businesses eschewed a major remote work overhaul in pre-pandemic times because they thought it could takes several months to achieve. In reality, the move to remote happened for many organizations in a matter of weeks. This proved that moving more operational components to automated and repeatable processes would be much simpler task than originally thought (note: no technology implementation project is easy, but it’s much more fluid today than it was years ago).
  • Today more so than ever before, businesses are focused on true organizational agility. In fact, Future of Work Exchange research finds that 73% of businesses desire to become truly organizations in the months ahead. This laser-like focus on business agility, in which organizations can respond dynamically to real-time situations and challenges, is absolutely a direct result of learning first-hand what it was like to face staff shortages, supply chain disruptions, revenue shortfalls, and a global health crisis all at the same time.
  • There are so many question marks around business travel that some are pondering whether or not we will ever have “road dog” positions anymore that require 75% or more working hours traveling for work. This is not welcome news for airline, hospitality, and similar industries that were decimated by the pandemic, however, the rise of virtual conferences (even though many of us are certainly facing burnout from these, admittedly) means that more and more leaders have access to the content that was only available at traditional conferences and tradeshows. Too, do organizations that rely on in-person events pivot to hybrid conferences? Scale down to one-day symposiums instead of full-blown, three-day events? There are always going to be limitations in the virtual model of collaboration, especially when it comes to key client relationships. However, with so many businesses thriving during uncertain times without the aid of corporate travel, are forced to wonder if we’ll ever return to pre-pandemic levels.
  • The relationships between leaders/execs and their workers has been fundamentally changed as empathy becomes a key component of the management playbook. Employee wellness, wellbeing, and mental health are now all crucial pieces of the Future of Work movement and business leaders are taking note: 77% of executives anticipate that empathy-driven leadership will become a more critical foundation of the employer-employee relationship. An empathetic culture promotes positivity, open communication, better productivity, and is a major solution to worker burnout. As times change and uncertainty continues, workers can be comforted knowing that their leaders are emotionally invested in their wellbeing and support them from both professional and personal perspectives. Eighteen months ago, the notion of empathy-led leadership was not discussed or even on the radar for the vast, vast majority of enterprises. Today? It’s how the typical business wins the war for talent.
  • Changes in how businesses think about their workforce are opening doors that were closed just 18 months ago. Societal changes are sparking a bigger focus on diversity, equity, and inclusion (DE&I). The rise of remote work has allowed hiring managers to expand their talent acquisition efforts beyond their backyards. The utilization of extended or non-employee talent has risen to 47% of the average company’s overall workforce. Business leaders are rethinking and reimagining how work gets done from the bottom to the top; they understand that there are now no boundaries in how they find and engage talent, nor is there a major difference between traditional and non-employee workers if skillsets and expertise are top-of-mind. The myriad changes in the world of work has transformed the way enterprises address talent acquisition and hiring initiatives.

There are always going to be professionals that would like business to return to the ways it was before the pandemic, and those individuals cannot be blamed for wanting to return to a world that was less stressful. But if we take all of the things that have changed about how we get work done, how we view our talent, how the relationships between leaders and their staff have changed, how empathy is now a key element of the modern workplace, and how we have all benefited from the newfound flexibility within our roles, we all have to ask…why we would ever want to go back to the way things used to be?

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Key Providers for 2021: RightSourcing

The Background:

The healthcare industry often operates very differently from other key verticals, independent of major global trends and the challenges that plague the average business. The COVID-19 pandemic hit this sector the hardest in terms of staff shortages, worker burnout, safety and health concerns, etc. Future of Work Exchange research finds that while 90% of businesses believe that a semblance of “business normalcy” will be within reach sometime in early 2022, executives within the healthcare industry are not as convinced: 98% of healthcare businesses believe that normality is, at the earliest, two years away.

The extended workforce has long been a high-impact, high-value generator of true business agility. However, prior to 2020, the healthcare industry lagged behind their peers in regards to utilizing this type of labor to its maximum value, perhaps owed to insufficient supply channels, internal barriers due to archaic thinking, and the complexities in finding the right skillsets and expertise. The past eighteen months have brought about a change in thinking, largely due to the pressure put on healthcare facilities to shift talent to different locations, bring in on-demand talent when staffing shortages arise, and better plan for a quickly-evolving pandemic that continues to strain resources. FOWX research indicates that 98% of enterprises in this industry believe their non-employee workforce will be critical in the months and years ahead.

Enter RightSourcing.

Why They Were Selected:

RightSourcing, the healthcare-focused MSP arm of PRO Unlimited, has long been a dominant player in this industry due to its unique blend of managed services augmented with the power of the Wand VMS platform. RightSourcing may operate as a “specialty provider” in regard to its healthcare focus, however, the solution reflects the innovative approaches of its parent company in how it provides a wide range of services to its customers, including SOW management and services procurement, direct sourcing, DE&I support, and payrolling.

In addition to these offerings, RightSourcing also leverages a robust advantage through its data-driven analytics and market rate intelligence capabilities, two differentiators that are tailored for a complex and evolving healthcare workforce.

In Their Own Words:

RightSourcing provides a single, integrated platform of high-touch services and innovative technology solutions to help healthcare and higher education organizations increase cost savings, improve talent quality, mitigate risk and drive effectiveness within their contingent workforce program.

We are NOT a staffing company. We are not owned by, or affiliated with, a staffing company. We are PURELY vendor-neutral, which ensures true goal alignment with our clients. This vendor-neutral MSP approach leverages a nationwide network of clinical, IT, and business/professional staffing partners to provide the broadest access to talent at competitive market rates.

We provide clients with accurate, up-to-date labor market rate guidance. Historically, a lack of market labor rate intelligence has prevented healthcare organizations and higher ed from fully optimizing their hiring decisions. This results in significant unnecessary spend by paying higher market rates by role and/or location.

Bundling RightSourcing’s MSP experience with our industry-leading Wand VMS technology and actionable analytics makes RightSourcing fully accountable for the entire scope of an organization’s non-employee workforce. An integrated workforce management platform is more cost-effective, more agile, and maximizes efficiency to ensure the success of the program.

The Outlook:

The majority of healthcare staffing and healthcare HR/talent acquisition executives plan to invest more time, resources, and energy into optimizing the impact of the extended workforce, including tapping into direct sourcing (and talent pool), alternative talent channels, and talent marketplaces. With the continued weight of the pandemic forcing staffing shortages and worker burnout, healthcare enterprises must drive true workforce agility through today’s evolving contingent workforce.

RightSourcing is well-positioned as a powerful MSP that can blend progressive service offerings, a nimble VMS platform, and forward-looking, data-fueled solutions to transform the way the healthcare industry finds, engages, and manages its contingent workforce.

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