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Workforce Analytics

The Impact of Contingent Workforce Management Analytics

Business LeadershipContingent WorkforceGeneral InsightsTalent by John Yuva on

Today’s total talent management strategies rely on analytics to execute workforce objectives. For extended workers who comprise nearly half of enterprises’ entire labor force (49%, according to our research), analytics are even more crucial to developing metrics and optimizing performance. Recent Ardent Partners and Future of Work Exchange research indicates that 81% of organizations cite the improvement of contingent workforce management (CWM) analytics as a priority, highlighting the importance of deeper, more insightful data and analysis.

CWM Analytics for Insights

According to Beeline, a leading contingent workforce solution provider, “For many organizations lacking formal analytics and reporting on their contingent workforce, identifying key metrics can even be challenging.” The focus on analytics goes well beyond hiring, scheduling, and payment data, to include deeper areas of concentration. The following are several analytic subsets imperative to contingent workforce management and performance.

The rest of this article is available by subscription only.

Introducing a New Subscription Model from the Future of Work Exchange.

To continue providing valuable insights and resources on the future of work and extended workforce management, we’re transitioning our site to a paid subscription model. While some posts will remain free, subscribing will grant you exclusive access to in-depth analysis, market research, expert interviews, and actionable strategies that will help improve your business. Solution providers and practitioners are invited to join today and gain a competitive edge by tracking the industry’s important innovations, emerging trends, and best practices.

Click here to learn more.

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A New Era of Innovation, Part VI: The The Future of Workforce Technology

Solution ProvidersTechnology and Innovation by Christopher J. Dwyer on

Over the past several weeks, the Future of Work Exchange has showcased a series of articles dedicated to the latest wave of innovation in the realm of technology associated with the Future of Work movement. This special feature series shone a spotlight on trailblazing providers who are not only transforming the methods by which businesses discover, engage, acquire, and oversee talent but also on how they harness this talent to enhance their work processes.

With advancements in areas like direct talent acquisition, digital staffing, Vendor Management Systems (VMS), extended workforce management, total talent management, and Managed Service Provider (MSP)-led services, the field of workforce solutions has emerged as a revolutionary influence in the contemporary business landscape. Its nimbleness empowers companies to stay at the forefront of change, its adaptability aligns with the shifting nature of work, and its relentless pursuit of innovation consistently reshapes the terrain of talent acquisition and management.

As businesses continue to navigate the ever-evolving landscape of talent, the workforce solutions industry remains an essential catalyst for success, providing the essential tools and strategies necessary to thrive in an increasingly competitive environment. Today, we introduce four additional solutions that epitomize this new era of innovation.

The rest of this article is available by subscription only.

Introducing a New Subscription Model from the Future of Work Exchange.

To continue providing valuable insights and resources on the future of work and extended workforce management, we’re transitioning our site to a paid subscription model. While some posts will remain free, subscribing will grant you exclusive access to in-depth analysis, market research, expert interviews, and actionable strategies that will help improve your business. Solution providers and practitioners are invited to join today and gain a competitive edge by tracking the industry’s important innovations, emerging trends, and best practices.

Click here to learn more.

read more

Optimize Your Workforce with Recession-Proof Strategies, Part Three

Business LeadershipContingent WorkforceDiversity and InclusionGeneral InsightsHRTalentTechnology and InnovationUncategorized by John Yuva on

Today concludes our three-part series exploring several contingent and workforce strategies to achieve a recession-proof enterprise.

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

Does the state of the current U.S. economy equate to a “soft landing” and the evasion of a recession? Maybe, maybe not.

The rest of this article is available by subscription only.

Introducing a New Subscription Model

To continue providing valuable insights and resources on the future of work and extended workforce management, we’re transitioning our site to a paid subscription model. While some posts will remain free, subscribing will grant you exclusive access to in-depth analysis, market research, expert interviews, and actionable strategies that will help improve your business. Solution providers and practitioners are invited to join today and gain a competitive edge by tracking the industry’s important innovations, emerging trends, and best practices.

Click here to learn more.

read more

The Impact of Contingent Workforce Management Analytics

Business LeadershipContingent WorkforceGeneral InsightsTalent by John Yuva on

Today’s total talent management strategies rely on analytics to execute workforce objectives. For extended workers who comprise nearly half of enterprises’ entire labor force (49%, according to our research), analytics are even more crucial to developing metrics and optimizing performance. Recent Ardent Partners and Future of Work Exchange research indicates that 81% of organizations cite the improvement of contingent workforce management (CWM) analytics as a priority, highlighting the importance of deeper, more insightful data and analysis.

CWM Analytics for Insights

According to Beeline, a leading contingent workforce solution provider, “For many organizations lacking formal analytics and reporting on their contingent workforce, identifying key metrics can even be challenging.” The focus on analytics goes well beyond hiring, scheduling, and payment data, to include deeper areas of concentration. The following are several analytic subsets imperative to contingent workforce management and performance.

The rest of this article is available by subscription only.

Introducing a New Subscription Model

To continue providing valuable insights and resources on the future of work and extended workforce management, we’re transitioning our site to a paid subscription model. While some posts will remain free, subscribing will grant you exclusive access to in-depth analysis, market research, expert interviews, and actionable strategies that will help improve your business. Solution providers and practitioners are invited to join today and gain a competitive edge by tracking the industry’s important innovations, emerging trends, and best practices.

Click here to learn more.

read more

Key Providers for 2021: GRI

Solution Providers by Christopher J. Dwyer on

The Background:

The Managed Service Provider (MSP) model has long been a powerful solution in the workforce management industry, its longevity owed to decades of success in transforming how companies think about their talent, how they structure contingent workforce management (CWM) initiatives, and how they ultimately drive value from their extended workforce.

Today’s MSP offerings have evolved mightily in recent years to provide their clients with a slew of services designed to facilitate end-to-end management of SOW/services procurement, direct sourcing, payrolling, talent acquisition, and more. In fact, many leading MSP solutions are reimagining their services suites to reflect the dynamic changes occurring in the greater world of work and talent.

GRI is one of those solutions.

Why They Were Selected:

Many of the globe’s market-leading managed services offerings have a similar slew of products that are only slighted differentiated based on such attributes like service model delivery and sector-specific aspects. One key differentiator of those MSPs that stand out from the pack is the ability to provide its customers with not just traditional value, but true workforce and business agility through a focus on talent, technology, and transformative thinking.

Geometric Results, Inc. (GRI) has long been a household name in the MSP space, and for good reason: its Envision Analytics is a self-service portal that blends powerful business intelligence with real-time talent data. Predictive analytics, neural machine learning models, and hundreds of data sources position Envision Analytics as one of the contingent workforce industry’s deepest, most robust reporting-led offerings.

In addition, its “Managed Direct Sourcing” approach allows customers to build flexible direct sourcing programs and strategies that traverse beyond simple talent pools; GRI’s MDS product is one of the market’s most forward-thinking direct sourcing offerings and positions clients’ direct sourcing programs with a 360-degree brilliance of agility through a strong convergence of industry expertise, human-led processes, and Best-in-Class automation.

In Their Own Words:

GRI works exclusively for our customers and transcends the industry standards. The client comes first and our role as an exclusive advocate is absolute and unbiased.  We are the only MSP that is (1) singularly focused (2) vendor-neutral, (3) free of all channel conflict, and (4) not controlled by a staffing company.

GRI focuses solely on delivering innovative, Best-in-Class workforce solutions as an independent MSP provider. And in an industry that largely lacks transparency, and is steeped with channel-conflict, no other workforce solutions company can back up this claim!

We offer a direct sourcing solution that is native to our MSP. It creates meaningful cost savings and reduced time-to-fill beyond the typical program while improving worker quality. It works well because we are motivated and incentivized by its success; no other MSP can confidently stake that claim.    

We actually innovate — it’s not just an overused and largely misunderstood word at GRI. The ‘box’ doesn’t direct us, and therefore it’s much easier for us to think outside of it. And to think instead about technologies, talent acquisition models and processes as well as the collective ecosystem that will most benefit our clients.

The Outlook:

GRI is positioned as an MSP that will thrive in the years ahead due to its commitments to flexibility, innovation, and the Future of Work. Its unique Managed Direct Sourcing offering balances the necessary human elements with a deep technology stack and platform ecosystem, while its Envision Analytics tool is one of the industry’s finest talent intelligence solutions.

As the world of talent and work continues to evolve and adapt and require talent- and intelligence-led offerings, GRI will continue to establish itself as a preeminent source of workforce management innovation.

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