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Direct Sourcing

Workforce Management Recommendations for 2022

The extended workforce has, for several years, represented the natural advancement of contingent labor and its greater impact on critical enterprise objectives. Coupled with a sharply shifting business landscape, changing market dynamics, and the reimagining of how work gets done, today’s organizations must harness the influence of the symbiotic relationship between talent, technology, and business leadership to usher in a new era of work.

Heading into 2022, businesses in the throes of workforce planning are facing pressure-filled quandaries: how will the pandemic affect their operations in the new year? Will scalability be as critical as it has been over the past two years? How does technology and innovation influence talent acquisition and talent management? The below recommendations will assist enterprises as they continue to plan around the inherent agility of their extended workforce and its impact on the greater business:

  • Embrace the extended workforce as a means of tapping into top-tier talent and fostering enterprise flexibility. The past 20+ months have shown adaptability is key weapon in changing times. There is a major reason why 82% of businesses expect an increase in the utilization of non-employee labor in 2022. The extended and agile workforce enables organizations to better access top-shelf skillsets, deep expertise, and a dynamic relationship that is founded on flexibility. Short-term engagements and mission critical projects supported by agile talent is specifically what empowered business during the pandemic…and that will not change in the months and years ahead.
  • Prioritize dynamic channels of talent, such as talent communities, to fuel critical business endeavors. Real workforce agility is developed through dynamic outlets of talent that can be engaged in a real-time and on-demand way. Talent marketplaces and other digital staffing channels offer simple “search and select” functionality within their deep networks of expertise that allow organizations to build remote teams of appropriate and well-aligned skillsets for crucial corporate initiatives.
  • Develop a strategy to boost the impact of direct sourcing and talent pools. Direct sourcing emerged as a viable talent acquisition strategy within the United States several years ago (after more than a decade of massive adoption in Europe) allowing businesses to act as their own recruitment firms, saving dollars and time on talent engagement. In a post-pandemic world, direct sourcing can help businesses bypass traditional talent acquisition processes (which are often slower and more manual in nature than direct sourcing initiatives), nurture candidates in a meaningful way, and tap into top-tier skillsets as specific needs arise. Direct sourcing can also empower the enterprise brand and culture to attract candidates, a differentiating factor that can be incredibly effective way to attract top talent in competitive markets.
  • Continue to lean on the extended workforce to support business continuity and market competition. The year ahead brings a wealth of optimism to the world of work even though fears of a new coronavirus variant are sparking surges across the world. As such, the global market continues to face considerable risk as these emerging coronavirus variants, particularly Delta and Omicron, continue to raise concern. If the winter brings new surges, businesses will be able to replay the strategies of 2020 and adopt a flexible mindset towards its workforce; the agility inherent in the extended workforce will support (once again) business continuity and allow enterprises to remain competitive.
  • Rethink the application of core skillsets and expertise towards enterprise roles and projects. When markets shift, businesses must frequently pivot to new work models to get work done, survive challenging scenarios, and/or keep up with the demand for products and services. “Work models,” in this instance, are not limited to where work is performed (i.e., remote work or distributed teams), but also include the strategies that apply core employee and non-employee skillsets in a way that promotes flexible alignment between open roles/projects and available talent. In addition, the executive team should invest in upskilling and reskilling opportunities for its workforce to keep up in an age when digitization is a crux to relevancy.
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The Power of Talent Communities

As we wrote last week here on the Future of Work Exchange, there are many innovative platforms today that are changing the dynamics of talent engagement and workforce management. No longer can enterprises traverse the transformative landscape of talent on their own; technology is no longer the wild card for better enterprise outcomes, but rather the foundational core of how businesses can optimize how work gets done through the power of top-tier talent and expertise.

The very concept of “talent communities” lies somewhere within the power of talent pools (via direct sourcing strategies, and, more specifically, talent curation), the global reach of talent marketplaces, and the continued progression of digital staffing technology. These attributes, combined with the evolution of core workforce management technology (such as Vendor Management Systems and extended workforce automation), present business leaders with something that they’ve truly never had before: the ability to build dynamic, on-demand communities of talent that are comprised of various types of workers that can be engaged in such a way that they drive real workforce scalability.

We’ve all heard various phrases tossed around the past several years: talent pools, talent clouds, talent channels, talent marketplaces, etc. In some way, they are unique depending on usage and purpose. However, many more times, they are similar in scope and deliver exactly what drives real-time responses to new enterprise challenges: agile talent. [While I’m aware that these phrases, over time, have come to mean different things to organizations, the evolution of the labor market and its corresponding technology means that “community” is an ideal catch-all term. The one caveat to talent communities is whether or not they are public or private.]

Talent communities, then, can be described as any network a business relies on to engage talent, foster collaboration with independent workers, and augment the overall breadth of the extended workforce. Contemporary direct sourcing technology allows users to build deep networks that resemble social channels in which businesses can both nurture and engage talent, while today’s VMS and extended workforce platforms offer functionality for injecting that talent directly into organizational recruitment streams. Talent marketplaces, while also offering end-to-end workforce management automation, also play a pivotal role in pushing talent from their networks to directly where hiring managers need them.

Together, these solutions offer businesses the opportunity to build robust talent communities that serve several purposes, including:

  • Creating a groundswell of skillsets and expertise for ongoing talent acquisition initiatives. Just knowing that businesses can leverage on-demand accessibility to top-shelf talent means that any new project or initiative will be supported with the necessary skillsets for completion. In an ongoing war for talent and amidst the so-called “Great Resignation,” many business leaders can be assured that critical objectives will leverage the best-fit talent when, where, and however it is required. Many industries today are facing staff shortages that are draining revenue, alienating customers (and consumers), and, worst of all, destroying productivity. Agile skillsets available in near-real-time? A boon for the enterprises that are feeling the ramifications of “The Big Quit.”
  • Driving true workforce scalability. “Scalability” took on new meaning during the early months of the COVID-19 pandemic. Some businesses faced a revenue shock that forced them to lay off chunks of staff, while others experienced a spike in demand for products and services. The extended workforce became the de-facto face of scalability, and one reason that direct sourcing and talent pools took on such a high profile was that enterprises had the ability to tap into an engaged community of workers that were ready for new opportunities. And, as the ebb-and-flow rollercoaster petered out for some organizations, the temporary staff they had leveraged were free to take on new projects with other businesses.
  • Contributing to diversity, equity, and inclusion (DE&I) initiatives. Let’s say it once more (with feeling!): a diverse talent community is the deepest talent community. A common refrain here at the Exchange, the realm of DE&I should never again be considered a “check-a-box” initiative but rather a way to showcase new voices and new talent that will contribute greatly to the greater organization. By attracting and engaging underrepresented voices, businesses effectively ensure that they tap into the innovation that these workers can bring to critical enterprise projects and objectives.
  • Fostering a level of engagement with talent that helps to develop a better overall candidate experience. The concept of the “candidate experience” didn’t begin during the era of COVID, but well before the crisis. However, the pandemic and its continued labor ramifications (yes, the Great Resignation) exacerbated the criticality of the overall talent experience; business leaders have been pumping more time, energy, and resources into building and curating deeper talent pools by leveraging the power of the employer brand and all that is associated with it (positive culture, spirit of charity, social responsibility, etc.). Too, an enhanced level of candidate engagement is often what is needed to sway passive candidates and convince them to join a talent community.
  • Improving the overall hiring manager experience. Often overlooked because of the bullet directly above, there should be tremendous focus on the overall hiring manager experience, given that these leaders are the ones that are at the forefront of talent engagement and talent acquisition activity. Hiring managers are facing somewhat of an existential crisis: they, too, are feeling the anxiety of staff shortages with added pressure from several stakeholders and functional units to find each department a top-tier level of talent in a short amount of time. Talent communities give hiring managers a built-in leg up on their engagement activity, enabling with them on-demand access to a network of pre-vetted, known, and highly-skilled candidates…making their overall experience that much more seamless (and positive).

We experienced first-hand what is was like to live in a business world perpetuated by uncertainty and consistent worry over the future. The necessary agility required by businesses to navigate the first year of the pandemic was driven by initiatives that began before the crisis took shape, such as utilization of direct sourcing strategies and digital staffing channels. We’ve been learning (actively, mind you) that thriving during the second full year of the pandemic occurred mainly in those organizations that realized the power of talent communities would provide longer-term and deeper workforce scalability whilst boosting initiatives around DE&I, emotional connections to candidates, and the development of networks that would amplify the workforce agility that is now a prerequisite to moving onto yet another year that will be challenging given the evolving nature of a public health crisis that seems to throw roadblocks even when things seem hopeful and optimistic.

The power of talent communities is driven by the innovative ways businesses are leveraging talent pools, talent networks, and talent clouds, converging with the nuances of the employer brand, social and emotional connections with both active and passive candidates, the the ultimate development of omnichannel, experience-driven candidate engagement.

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A Sneak Peek of the Upcoming “Direct Sourcing 2.0” Research Study

Heading into 2020, direct sourcing and talent pools were the top two priorities for businesses in regards to talent acquisition and workforce management. The strategy and its programmatic components (talent curation, talent pool segmentation, talent nurture, etc.) represented a way for enterprises to tap into a veritable “bench” of talent that is curated by the organization (and would typically include silver medalists, alumni, past contractors and freelancers, candidates driven to career portals or job boards, etc.). By acting as its own recruiting firm, the business (and its hiring managers) are able to reduce hard costs, improve time-to-fill rates, and enhance the overall alignment between open positions and candidates.

Direct sourcing went from being an additional way to find talent in pre-pandemic times to, today, a revolutionary means of tapping into the extended workforce to drive better business outcomes. As the business world continues to evolve, even in the throes of “The Great Resignation,” the lowest unemployment rate since the pandemic began, and “power” shifting to the worker, the continued transformation of talent engagement is now an enterprise standard. The question then becomes: How do businesses continue to respond in the wake of being forced to reimagine talent acquisition, human capital, and the agile workforce?

The answer lies within the evolution of direct sourcing, where the strategy, program, and its associated technology not only take into account core attributes such as talent curation and talent pool segmentation, but also deeper, critical aspects like the candidate experience, candidate skills assessment, the hiring manager experience, automated recruitment marketing, going “beyond the brand,” and the overall “reach” of direct sourcing across all elements of enterprise recruitment.

And now, a sneak peek of the Ardent Partners and Future of Work Exchange research study, Direct Sourcing 2.0:

While direct sourcing as a strategic workforce program is relatively new when compared to more established areas, such as contingent workforce management and talent acquisition, its impact in highly-competitive job markets can be game-changing. Truth be told, even basic direct sourcing programs can drive value through a combination of on-demand, plug-and-play talent, and hard-cost savings. But the pandemic’s impact on the workforce has dramatically accelerated market shifts. Today, talent is scarce and comes at a premium.

As a result, workers are demanding greater flexibility from their employers. They are more focused on work-life balance, while also desiring greater independence. Among many things, the “Great Resignation” of 2021 indicates a seismic shift in power towards the worker and away from the employer. This may or may not be permanent, but businesses, nonetheless, face constant pressure to deepen human capital and future-proof skillsets within their total workforce. Now, more than ever, enterprises require a steady flow of new workers to keep pace with their competitors. Now, more than ever, enterprises need superior sourcing capabilities. Now, more than ever, enterprises need a new approach.

Now is the time for “Direct Sourcing 2.0,” the next generation of sourcing strategies that blend innovative solutions with a renewed focus on the candidate experience and an ability to use talent pools to populate the key projects and roles that require expertise and experience. Today’s business climate has accelerated the need for a reimagined approach to candidate engagement. As the market for talent continues to tighten amidst the lingering pandemic and a surging number of resignations, businesses find themselves in a new kind of “war for talent,” one that is far more extensive and complicated than anything experienced pre-pandemic.

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Key Providers for 2021: PRO Unlimited

The Background:

“Evolution” and “disruption” are not often mentioned in the same discussion. However, in the wake of the COVID-19 pandemic and its wide-sweeping ramifications on the business arena, the two are now interchangeable dimensions that are actively transforming the way work is addressed and done. The world of contingent workforce management has changed forever, with progressive attributes placing equal emphasis on the talent and innovation components of how the modern-day worker is engaged and sourced.

As the Future of Work continues to leave its indelible fingerprints on the wide world of talent and work, both HR and procurement executives will require a unified technological approach that can seamlessly connect the most critical pieces of workforce management.

Enter PRO Unlimited.

Why They Were Selected:

Future of Work Exchange research finds that 84% of businesses aimed to “reimagine” workforce management heading into 2021, given that they spent the better part of a year facing the worst public health crisis of their collective lifetimes that caused undue disruption to traditional processes and strategies related to the growing and evolving non-employee workforce. While that statistic continues to prove itself out in an ever-changing business arena, what also stands out is that (also according to FOWX research) nearly 70% of enterprises are also focused on better managing the many technological gaps in the ultimate coverage of the total workforce.

PRO Unlimited has been one of the most aggressive and disruptive workforce management solutions in the market over the past year, owed to a “platform” vision that would see it become a dynamic nexus for agile workforce innovation. In just a short amount of time, the solution expanded the depth of its data ocean (acquisition of PeopleTicker), expanded its commitment to DE&I (exclusive partnership with EightfoldAI), announced a direct sourcing solution and added progressive functionality to it within months (the new Direct Sourcing PRO offering combined with the acquisition of WillHire), and expanded its total managed service provider reach with the acquisition of Workforce Logiq (also named a “Key Provider for 2021” here on the Exchange).

In Their Own Words:

Servicing hundreds of the world’s most recognizable brands, PRO Unlimited offers modern workforce management and a partner ecosystem supported by data, software, intelligence, and services to meet your flexible workforce needs. PRO’s Integrated Workforce Management Platform can adapt quickly to regional or industry economic shifts, and provides the speed, scale, flexibility, transparency, and expertise to serve as the holistic platform for the modern workforce. Headquartered in San Francisco, PRO has helped global brands and organizations achieve operational and financial success for more than 30 years.

The Outlook:

PRO Unlimited, quite simply, is a solution that is tailored for the Future of Work. Consider the pieces of its end-to-end offering:

  • Diversity, equity, and inclusion (DE&I) are built into the fabric of its core platform and especially its direct sourcing module (Direct Source PRO) through its exclusive partnership with Eightfold AI.
  • The acquisition of Workforce Logiq wasn’t just an expansion play, but rather a way to tap into the solution’s unique, intelligence-led offerings, particularly ENGAGE Talent, which has the potential to revolutionize talent engagement combined with the power of the PRO platform.
  • Direct Source PRO, in a short period of time, became one of the industry’s strongest direct sourcing offerings. The addition of WillHire’s deep functionality will only aid in pushing this facet of the PRO solution to new heights.
  • The recent partnership with Glider AI (also a FOWX “Key Provider”!) will further enable a range of digital recruitment and candidate assessment capabilities that are designed to assist PRO clients with the necessary, on-demand intelligence to enhance predictive talent modeling, improve the quality of talent channels, and optimize direct sourcing strategies.

Simply put: 2022 will be a massive year for PRO Unlimited and the delivery of its innovative vision. The company is consistently unveiling pieces of a larger puzzle that are ultimately designed to facilitate a new era of optimization within the realms of workforce intelligence, DE&I, direct sourcing, talent acquisition, and agile workforce management.

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Key Providers for 2021: ZoomInfo Recruiter

The Background:

There is a talent revolution happening across the world, with millions of highly-skilled workers reevaluating their roles, career journeys, and other facets of their lives in the wake of 18 months of both personal and professional uncertainty. For HR executives, talent acquisition leaders, and hiring managers, filling positions has become one of the hardest things to accomplish in business today.

Recruiters, staffing agencies, and hiring managers are actively finding that they need an additional array of tools, strategies, and solutions to uncover the talent they need to effectively get work done. No longer having the ability to contend with a “simple” labor market that is over-saturated with skillsets, these business leaders must harness the power of information, intelligence, and next-level insights to navigate an evolving talent landscape that requires a formidable, data-driven approach towards recruitment.

Enter ZoomInfo Recruiter.

Why They Were Selected:

Future of Work Exchange research finds that nearly 70% of businesses plan to leverage advanced analytics, artificial intelligence, and predictive data to augment how they pipeline candidates. Furthermore, another 64% state that they plan on using AI and similar tools to support talent nurture and candidate experience processes.

ZoomInfo Recruiter, on the surface, is the seamless convergence of ZoomInfo’s industry-leading market intelligence platform with cutting-edge recruitment automation. The ZoomInfo Recruiter solution enables users with personalized outreach tools to enhance passive candidate attraction and directly communicate with talent directly within the tool. This innovative blend of direct sourcing-esque automation with deep market intelligence is a unique mix of functionality that can aid recruiters and hiring managers in the ongoing war for talent.

In Their Own Words:

In a competitive hiring environment, ZoomInfo Recruiter provides data and tools to source candidates, create talent pipelines, and automate engagement with passive job seekers. It provides recruiting and talent acquisition teams the ability to connect with top talent beyond professional network sites.

ZoomInfo Recruiter allows recruiters to access a continuously enhanced contact database that saves recruiters time when sourcing candidates. Contact data paired with ZoomInfo Recruiter’s Reachout extension makes sourcing and contacting candidates simple.

In the ZoomInfo Recruiter platform, search filters narrow candidates from a talent pool of thousands. Recruiters can source passive candidates, build diverse talent pools, and more. Features such as the “Likely to Listen” filter can flag candidates who are 30% more likely to be in a new role in four months, and diversity and inclusion filters can help increase diversity in the talent pool.

Using automated and multichannel talent flows, recruiters can build outreach flows using email and phone, and they can call lists of candidates to leave pre-recorded voicemails. Recruiting teams using “Projects” for pipeline management can collaborate on the hiring process. From sourcing candidates to engaging with them, ZoomInfo Recruiter empowers recruiters to get candidates into the interview process..

The Outlook:

The talent engagement industry is rife with innovation today, owing its progressive nature to not only an unsettled labor market and evolving talent economy, but also the major Future of Work accelerants that are actively transforming the ways businesses find, engage, and source critical talent. Today’s recruitment and talent acquisition professionals require advanced tools to augment how they fill the candidate pipeline, with passive candidates fast-becoming a crucial element in the ultimate optimization of how work is done.

The ZoomInfo Recruiter platform integrates candidate data with company intelligence, resulting in a deeper dynamic of talent knowledge that allows users an added edge in passive candidate recruitment. The solution’s innovative mix of market data and interactive organizational hierarchies, combined with progressive functionality such as its “Scoops” feature (which tips off recruiters to possible employment shakeups), positions ZoomInfo Recruiter as a forward-thinking and data-led platform that is an ideal disruptor for evolving world of work and talent.

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Key Providers for 2021: WorkLLama

The Background:

Just a few years ago, direct sourcing was a niche strategy employed by a small percentage of enterprises that desired to harness the power of private talent pools. Today, direct sourcing is one of the hottest priorities in the world of talent and work, becoming a top-three priority within workforce management (alongside talent intelligence and workforce agility).

Direct sourcing is a key contributor to the overall success of extended workforce management, especially in the face of the monumental change that has occurred in the world of talent and work over the past 18 months. The impact of direct sourcing automation adds an additional layer of impact to the average direct sourcing initiative; these platforms assist companies in targeting the right candidates, ensuring that enterprise requirements are aligned with targeted skillsets, and, most importantly, supporting the overall adoption of direct sourcing processes and strategies across all functional realms. Too, referral management is a powerful weapon for businesses that desire to push additional candidates into the funnel. Some direct sourcing solutions today offer robust candidate referral functionality, which is also enabled and optimized within mobile applications, that can drive additional talent engagement without the organization spending more of its time or resources.

Enter WorkLLama.

Why They Were Selected:

Future of Work Exchange research finds that businesses that leverage direct sourcing automation significantly reduce time-to-fill rates, boost overall workforce cost savings, and enhance the relative quality of total talent. By curating talent into private talent pools (that are then segmented by geography, skillsets, etc.), hiring managers are enabled with unfettered access to top-tier candidates without recruitment or staffing supplier fees. However, while the “first phase” of direct sourcing (“Direct Sourcing 1.0”) continues to drive incredible value, today’s direct sourcing platforms offer more than the traditional processes associated with direct sourcing initiatives.

“Direct Sourcing 2.0” is the next generation of direct sourcing strategies and is fundamentally rooted in the linkage between key technological arenas, a renewed focus on the candidate experience, and a seamless connection between talent pools and the projects and roles that require specific expertise. Just as the market itself evolves in the wake of continued worker resignations, a greater emphasis on the candidate and hiring manager experience, and the need for deeper assessment and validation of skillsets, businesses must begin to build on their existing direct sourcing strategies and programs to effectively develop “Direct Sourcing 2.0” capabilities.

WorkLLama’s end-to-end workforce management platform reflects the greater innovation happening within the direct sourcing technology landscape, offering a vast array of functionality not only related to the continued enhancement of direct sourcing and its ultimate adoption within enterprises across the world, but also in the way that it promotes “Direct Sourcing 2.0” automation through candidate experience management, hiring manager experience automation, next-generation talent nurture capabilities, and offerings that speak directly to the direct sourcing revolution.

In Their Own Words:

WorkLLama is a talent community platform that helps companies leverage their brands to create powerful candidate, employee and client experiences to source, engage and retain top talent. Its technology makes it possible to foster meaningful, more human connections with talent, leading to exceptional and inspired branded talent communities that fuel business success. WorkLLama drives digital transformation through social referral management; seamless candidate engagement; Sofi, its AI conversational bot; integrated, omnichannel communication; on-demand staffing; and direct sourcing solutions. 

WorkLLama’s vision is to give recruiters and employers the how (and why) of putting candidates first. We automate and optimize the hiring process to create time/space for real human connections to grow. We want to see employers, staffing firms + recruiting tech get serious about serving people’s needs with bolder, more meaningful human experiences. To put a bold underline under the HUMAN in human resources.

The Outlook:

Direct sourcing today means so much more than it did just a couple of years ago. Businesses must understand that there are various “layers” to direct sourcing (beyond talent curation and talent pooling) that require nimble and innovative technology (especially candidate referral management, talent nurture processes, candidate assessments, etc.). WorkLLama has demonstrated its powerful ability to transform workforce management through an agile convergence of adaptable direct sourcing technology and next-generation functionality, as well as its firm commitment to both the candidate and hiring manager experience.

WorkLLama’s innovative platform represents the next progressive wave of direct sourcing, in which “2.0” functionality, strategies, and capabilities push these programs and transform them into perhaps the most crucial workforce-oriented initiatives in the evolving world of work and talent.

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Upwork’s New “Virtual Talent Bench” is the Convergence of Direct Sourcing and Digital Staffing

As the Exchange frequently defines, the Future of Work movement is based on three core interconnected principles: 1) the evolution of talent engagement (and talent acquisition), 2) the advent of new and innovative technology and automation, and 3) the transformation of business thinking. While each of these attributes on its own serves a powerful purpose in the progressive world of work and talent, it’s when they intersect that businesses can drive enhanced value.

Upwork, one of the industry’s largest and market-leading digital staffing players, recently introduced its “Virtual Talent Bench” offering, which essentially converges the full spectrum of Future of Work attributes into a solution that enables real workforce scalability while optimizing how businesses get work done. The Virtual Talent Bench is a powerful offering that blends key elements of the digital staffing model (talent marketplace functionality and deep candidate networks) with direct sourcing (curated talent “benches” that can be engaged and hired in an on-demand fashion).

“Our goal is to help businesses and independent talent get work done, and done well. We know independent talent want to build long-lasting work relationships with clients, and businesses want an easy way to work with the talent they love time and time again,” said Sam Bright, chief product and experience officer, Upwork. “We launched Virtual Talent Bench to help businesses find and engage a fleet of highly-skilled independent professionals through an easier way to discover, access and organize their go-to freelancers. From sign-up to superuser, we’ve designed and created a simple experience for clients to not only find new, talented freelancers, but also remember their strengths, flag their special skills, and organize them however they like.”

Upwork’s multifaceted approach towards talent engagement and contingent workforce management allows its users to leverage the Virtual Talent Bench to develop talent pool-like “benches” of freelancers and non-employee workers that can be tapped into in an on-demand manner. The VTB places scalability firmly within its core by allowing Upwork clients to quickly reengage high-quality talent in an agile fashion. This is functionality akin to direct sourcing automation, only with Upwork’s vast talent marketplace powering the candidate engagement process and seamlessly integrating “curation-like” functionality into the Virtual Talent Bench. And, by surfacing individual talent profiles and projects based on past searches and job needs, Upwork users can derive more value from the solution’s “Discovery” module, with these results embedded within the Virtual Talent Bench for direct access when building freelance teams for future projects.

With this new solution, Upwork is firmly entrenching itself as a forward-looking platform that embraces the Future of Work. The convergence of direct sourcing and digital staffing, combined with the ways talent engagement is evolving, is one major reason why the Virtual Talent Bench is an ideal feature for the transformative world of work and talent.

“In our recent Future Workforce Report stemming from a survey of U.S. hiring managers, we uncovered that 40.7 million Americans expect to be fully remote in the next five years. What’s more, 53% of businesses say that remote work has increased their willingness to use freelancers and 71% of hiring managers plan to maintain or increase their use of freelancers in the next six months, creating more hybrid workforces,” said Bright. “Offices have reopened, but many professionals aren’t willing to give up the flexibility of working remotely. Over one-third (34%) of workers who were remote are not excited about returning to the office, and of the 10 million Americans currently considering freelancing, 73% cite the ability to work remotely or flexibly as a reason why.”

“As remote work projections remain strong and businesses plan to continue engaging more independent talent, we’re already planning to expand features in Virtual Talent Bench to enable more collaboration and better organization in the months to come, including features allowing clients to invite an entire talent bench to submit a job proposal.”

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Key Providers for 2021: Prosperix

The Background:

There is no doubt that the events of the past 18 months brought about a level of change to business the likes that had never been seen before. The very attributes of the Future of Work movement were accelerated, including the power of remote and hybrid work, advancements in talent engagement and talent acquisition, and the transformation of how business leaders structured their work-based strategies and approaches.

Given the symbiotic relationship between talent, technology, and evolutionary business thinking, there is added weight to how the many aspects of the Future of Work were accelerated in the face of global business disruption. As organizational leaders continue to reimagine what workforce management means to their enterprises, the accompany technology must work harmoniously with the alterations across the greater economic and labor markets.

Enter Prosperix.

Why They Were Selected:

A little less than a year ago, Prosperix operated under the “Crowdstaffing” brand; this solution was known for many of its industry-leading pieces of functionality that promoted a powerful “user experience” regarding applicant and candidate data tracking, analysis, comparison, and presentation, built on top of the solution’s foundational hiring marketplace (a built-in network of thousands of ready-to-hire talent suppliers).

The newly-rebranded Prosperix solution not only builds on these strengths, but also offers technology that truly allows its users to harness the power of the Future of Work movement and tap into the greater value of the agile workforce.

In Their Own Words:

Prosperix is a Silicon Valley-based workforce innovation company developing software for the Future of Work. Our contingent workforce and total talent management solutions enable businesses to build a powerful workforce that delivers extraordinary outcomes. The main tenets that drive the company’s philosophy are:

  • Today’s workforce must be global, empowered, agile, transparent, high-performing, and diverse.
  • The right people can dramatically impact the success of an organization.
  • When individuals and organizations are aligned, great results and outcomes are possible.
  • Innovation that combines technology and people in a meaningful way is the path to the future.

With our technology, businesses can access amazing talent from anywhere and everywhere, on-demand and without limitations, allowing them to grow exponentially by scaling their workforce quickly and easily. Our end-to-end solution includes applicant tracking, vendor management, connected talent pools, direct sourcing, artificial intelligence, real-time analytics, personal curation, and easy-to-use technology in a single, cloud-based, fully-integrated software suite.

The Outlook:

Prosperix’s messaging is incredibly unique in today’s workforce solutions market, leading with an edge that differentiates the company from others in the space. Understanding that it is the convergence between the “human” and “technology” elements of workforce management that will help both candidates and businesses prosper in the face of continued evolution across the greater world of talent and work.

Prosperix is positioned for incredible growth and impact heading into 2022, with offerings that traverse beyond mere workforce management. On top of an already-industry-leading hiring marketplace, the solution’s direct sourcing, talent pools, and VMS offerings are aligned with the company’s overall vision and purpose: provide human, workforce, and business prosperity in a time when the Future of Work movement is table stakes for organizations that want to thrive during these changing times.

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What is the Future of Direct Sourcing?

Businesses learned a harsh lesson in 2020: those that could not adapt to the major shifts in work optimization were the ones that could not survive months of extreme disruption. As 2021 careens towards its end, another new year is on the horizon, and businesses must prepare for perhaps the most critical period of their history given the direction of the economy and the labor market.

The shift towards “flexibility as the Future of Work” means that enterprises must execute in a more dynamic manner. The companies that thrived and continue to thrive are the organizations that understand and embrace 1) how they want to get work done, 2) the talent and technology needed to get that work done across both the short- and long-term, and 3) the proper balance between human and automation.

In looking at various perspectives in how work was transformed over the past 18 months, there is one strategic program that businesses seem to gravitate towards in convergence with the talent-led world in which we now live: direct sourcing.

Going into 2020, direct sourcing and talent pools were the #1 and #2 (respectively) priorities for businesses; even the most forward-looking organization could not imagine at that time just how critical a program it would be in the face of unprecedented change. Even the most basic direct sourcing programs drive table-stakes value to their owners through a combination of on-demand, plug-and-play talent and a level of hard cost savings. However, many attributes of the world of work and talent were fast-tracked over the past 18 months due to the most serious public health crisis of our lifetimes and its long-ranging ramifications across the scope of business, worker, and personal perspectives.

Direct sourcing went from being an additional way to find talent to a revolutionary means of tapping into the extended workforce to drive better business outcomes. As the business world continues to evolve, even in the throes of a “Great Resignation,” the lowest unemployment since the pandemic began, and “power” shifting to the worker, the continued transformation of talent engagement is now a standard. The question then becomes: How do businesses continue to respond in the wake of being forced to reimagine talent acquisition, human capital, and the agile workforce?

Direct Sourcing 2.0.

“Direct Sourcing 2.0” follows the next generation of direct sourcing strategies and is fundamentally rooted in the linkage between key technological arenas, a renewed focus on the candidate experience, a seamless connection between talent pools and the projects and roles that require specific expertise, and a retooled “hiring manager experience” that takes into account Future of Work-era innovation.

Why the shift to Direct Sourcing 2.0? Isn’t direct sourcing effective in its “1.0” version? Of course. Direct sourcing and its traditional phases (including talent curation, talent pool segmentation, integration into core recruitment streams, talent nurture, etc.) are driving increased value within those organizations that are currently leveraging standard programs. However, that doesn’t mean it can’t evolve. Take into account the major shifts in both business and candidate behavior over the 18 months, and, especially, over the past several months:

  • The “candidate experience” is far deeper than we ever imagined. It’s not just about ensuring that candidates have a positive experience when engaged, but rather extending that experience into areas such as when they are engaged, how they are engaged, the communication methods used for reach out, methods of onboarding and offboarding (seamless, digital, and virtual!), etc. Recruitment marketing automation, digitized referral campaigns, and a mobile-optimized means of communicating with hiring managers all contribute to the next great era of the candidate experience.
  • Hiring managers should be engaging and sourcing talent in a consumerized and enhanced manner for the sake of efficiency and quality. This doesn’t mean that we have to completely meld e-commerce technology with direct sourcing platforms, however, it does translate into taking into account just how effective existing processes are within the hiring managers’ total workload. The greater business must provide hiring managers with the necessary trust and education to ensure that these leaders are converging the company’s main goals and objectives with how they find, engage, and source talent (which will result in superior role-to-candidate matches). In addition, harnessing the power of next-gen direct sourcing automation, recruitment marketing technology, and similar solutions will boost the hiring manager experience.
  • Businesses must go “beyond the brand” and prove that they are fostering truly inclusive workplace cultures that resonate with candidates. An organization’s “brand” can be a powerful tool for direct sourcing; candidates tend to flock to those companies that align with their own beliefs and values. However, businesses must move beyond the brand and incorporate deeper elements of the organization in how it applies Direct Sourcing 2.0 strategies, including communicating its purpose and vision (and ensuring that it resonates with candidates) and how well its preferences in how work is done are broadcast to workers (fully-remote, hybrid, on-site, etc.). A purpose-driven organization wants to establish a more trustful relationship with its candidates, share its core cultural values with them (particularly on the DE&I front), and communicate how open it is to the attributes desired in today’s “Age of the Worker,” such as flexibility, career development opportunities, and the enablement of core skills growth.

Look for the Future of Work Exchange‘s upcoming Direct Sourcing 2.0 research study later this month.

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Unlimited to the Core: PRO Unlimited Bolsters Direct Sourcing Technology With WillHire Acquisition

Just a few years ago, many business leaders were aware of the benefits of direct sourcing but had not yet fully embraced its value. In 2019, direct sourcing as an extension of non-employee workforce management caught steam when enterprises realized that they could drive both hard and soft benefits through direct relationships with known and vetted candidates; by bringing these workers into curated pools and internal talent communities, enterprises had a cost-effective and on-demand way of injecting new, top-tier talent into their projects and initiatives.

Going into 2020, direct sourcing and talent pools were, respectively, the top two priorities for businesses entering a new decade. Although the early months of the pandemic may have put a damper on many talent acquisition and contingent workforce program initiatives, the truth is that direct sourcing (and its many unique attributes) emerged as an ideal means of both keeping top-tier candidates engaged and positioning the greater organization with workforce agility. And today, direct sourcing has become one of the preeminent means of driving higher talent quality and supporting true workforce scalability. Nearly 55% of businesses across the globe, according to Future of Work Exchange research, have a proper direct sourcing initiative in place today (compared to only half this figure just two years ago).

MSP and VMS provider PRO Unlimited has long demonstrated its direct sourcing efficacy, with its DirectSource PRO offering one of the market’s strongest solutions for direct sourcing. While the provider’s end-to-end power is industry-leading, achieving the “platform” vision that CEO Kevin Akeroyd laid out last year would not be possible without both organic growth and aggressive market activity to bolster the solution’s already-impressive range of innovative functionality.

“Direct sourcing is no longer a “hype cycle” topic, it is a mission-critical priority for enterprises and one that is finally being invested heavily in and adopted. The historical problem has been the utter fragmentation and immaturity of solutions,” said Kevin Akeroyd, CEO of PRO Unlimited. “Large global brands have needed MSP services, curation Services, direct sourcing SaaS, VMS SaaS, analytics SaaS, market rate data, and payroll just to get off the ground. So, they’ve gone out and hired seven small vendors that each do their own little piece, and that large brand spends the next several years doing nothing but managing people/process/systems integration and vendor management instead of driving business outcomes, winning the war for talent, and driving hundreds of millions of savings out of their organizations every year. DirectSource PRO has solved that; it’s the one holistic platform that does everything, at scale, globally, and provides that single platform and system of record for direct sourcing…Hence the adoption of over 40 Fortune 1000 clients adopting it just in the last five months (with that number expected to be over 80 by the end of the year).”

Yesterday, PRO Unlimited announced that it had acquired WillHire, one of the industry’s leading direct sourcing technology offerings. The acquisition allows PRO to reinforce the strength of its DirectSource PRO solution and tap into additional functionality; this acquisition also enables PRO to leverage WillHire’s comprehensive end-to-end campaign management technology for recruitment marketing, as well as its “marketing automation-like” self-scheduling and communication with talent. Other highlights of this acquisition include:

  • PRO Unlimited, WillHire, and Eightfold are a winning trifecta for direct sourcing. PRO’s direct sourcing technology was already a leading solution due its innovative stack and partnership with Eightfold. The addition of WillHire not only bolsters the total power of the DirectSource PRO offering from a pure functionality perspective, but also complements the DE&I and candidate assessment data that is funneled through the Eightfold partnership.
  • WillHire brings an added layer of repeatable “Direct Sourcing 2.0” technology to PRO’s existing functionality. One of WillHire’s core strengths (as written about in Ardent’s 2021 Digital Staffing Platforms Technology Advisor) is its ability to enable “Direct Sourcing 2.0” capabilities, such as recruitment marketing, automated referral management, and deeper candidate matching algorithms. This acquisition will surely increase the overall power and impact of Direct Source PRO.
  • WillHire’s relationships and integrations with major job boards and career sites will deepen the overall talent reach of DirectSource PRO. The very crux of direct sourcing is building a repository of known, vetted, and top-shelf talent; WillHire’s existing integrations with leading industry job boards translates into a more robust swath of high-quality candidates. This will fortify DirectSource PRO’s talent engagement reach.

“Adding WillHire enables us to add large-scale digital talent board/network/FMS integrations, deeper AI/MBL matching, candidate/worker recruitment marketing and ongoing engagement, and skills assessment to the platform,” Akeroyd added. “And, as importantly, it is robust across ALL job types – including shift workers, light industrial, not just white collar, so it allows us to enable direct sourcing for an enterprise’s ENTIRE contingent worker population.”

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