Self-Sourcing Strategy Achieves $1.6M in Cost-Savings

PRO UnlimitedBy PRO Unlimited 2 weeks ago
Home  /  Best Practices  /  Self-Sourcing Strategy Achieves $1.6M in Cost-Savings

As organizations continue to expand the use of contract talent to supplement their full-time workforce, they are also seeking ways to optimize their contingent workforce programs (additional cost-savings and operational efficiencies). One strategy companies are using to realize a number of benefits is through self-sourcing.

The largest global provider of integrated information technology and digital marketing solutions to the automotive retail industry recently embraced this model. It is self-sourcing contingent workers via a Vendor Management System (VMS) to identify and procure talent. The primary drivers that influenced this organization to adopt a self-sourcing strategy and partner with a VMS and Managed Services Provider (MSP) included:

  • the ability to save significantly on the margins imposed when sourcing through staffing companies;
  • increase the quality of the talent being hired and;
  • dramatically reduce the time required to identify talent for new requisitions.

After deploying a vendor-neutral and integrated contingent workforce solution, the company immediately reduced and contained contingent labor costs, mitigated risk of contractors, and improved its user experience. Most notably, this self-sourcing strategy resulted in $1.6M savings in a five month timeframe.

Click here to download the case study for other key wins!

 

Categories:
  Best PracticesVendor Management Systems
this post was shared 0 times
 00