HRO Today May 2018 - 35

Talent Acquisition
90%
of surveyed organizations
utilize contingent labor.
Source: Brandon Hall Group
There are several key underlying trends propelling this
evolution of MSP solutions, including:
* widespread talent shortages;
* increased globalization;
* demographic shifts that are prompting changes in
workplace cultures;
* low unemployment rates; and
* the rise of the gig economy and alternate forms of
work.
" However, the greatest change agent may be the
enhancement of talent-based technologies, " says
Broadleaf's Executive Vice President Dave Savarise.
" Not only are vendor management system (VMS)
tools becoming more powerful in terms of data
availability and real-time processing, they are also more
regularly expected to contribute innovation. Leading
organizations expect that technologies will manage
spend across productivity channels and even deliver
impactful AI and predictive forecasting linkages. As
AI gains a foothold within our industry, all associated
systems will be impacted. "
In a climate where talent is increasingly becoming
a strategic inhibitor for many employers, MSPs
are expanding their capabilities and delivering a
More than
70%
believe the use of contingent
labor is strategic to specific
business functions or to the
business as a whole.
Source: Brandon Hall Group
MAY 2018 | www.hrotoday.com
[35]
management framework that offers visibility and
insights into the entire non-employee workforce. " The
reality is we know a lot about our full-time employees
as employee surveys and job analytics have been around
and improving for 30 years. However, the contingent
population could be half of our workforce in over a
decade, and we know comparatively little about it. This
will change, and the MSPs have a crucial role to play
in providing the access, intelligence, benchmarks, and
insights to this growing slice of our workforce, " says
Salkowski.
And this comes not a moment too soon, for the
contingent workforce is rapidly growing in size and
importance. In fact, according to Brandon Hall Group's
2017 Contingent Workforce Study, 90 percent of
surveyed organizations utilize contingent labor, and
more than 70 percent believe the use of contingent
labor is strategic to specific business functions or to
the business as a whole. Through workforce modeling,
sourcing optimization, and supply base management,
today's MSPs can empower business leaders to get the
most value from this new segment of the workforce.
So, what will the MSP of the future look like? HR can
anticipate the following capabilities:
http://www.hrotoday.com

HRO Today May 2018

Table of Contents for the Digital Edition of HRO Today May 2018

HRO Today May 2018 - 1
HRO Today May 2018 - 2
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