August 28, 2018
Partnership with the right integrated Managed Services Provide (MSP)/Vendor Management System (VMS) can present end-to-end benefits for all contingent workforce management stakeholders. The combination of top industry insights and best-in-class software creates the opportunity to dial in spend, mitigate risk, and much more. For these reasons, choosing to outsource a contingent workforce program is a win for all those involved. Read on to find out how outsourcing to an MSP/VMS caters to the unique concerns of suppliers, managers, department leadership, and everyone in between! COST SAVINGS / EFFICIENCIES Vendor-neutral model creates competitive bidding environment, drives savings Global market rate expertise drives intelligent sourcing initiatives Consolidated invoicing cuts billing time and saves money Outsourced on/off boarding alleviates administrative tasks Labor supplier tiering provides wider opportunities to top performers Easy online time, expense, and project tracking Who benefits? Hiring Managers, Accounts Payable, Procurement, Suppliers, and Contingent Workers RISK MANAGEMENT Ensured compliance with state and federal worker classification and labor laws Co-Employment education and end user training by PRO Risk evaluations for 1099 workers outside the program Who benefits? Contractor Compliance and Human Resources VISIBILITY One system makes CL engagement tracking quickly accessible Customer planning cycle made visible to suppliers, aligns supply with demand Online approval routing by requisition headcount or financial threshold Insight into spend broken out by department, manager, or time frame Who benefits? Contingent Workers, Suppliers, Department Managers, and Procurement Closing words… An outsourced contingent workforce program covers the bases stakeholders care about most, especially when companies leverage an integrated management model. Leadership can feel confident knowing their MSP/VMS partner will set them on the path towards boosting cost savings, avoiding compliance issues, and bolstering visibility. If you or a member of your team would benefit from a further discussion on how PRO is helping companies implement winning contingent workforce management programs globally, please contact a PRO representative at 800.291.1099 or email at firstname.lastname@example.org. Disclaimer: The content in this blog post is for informational purposes only and cannot be construed as specific legal advice or as a substitute for legal advice. The blog post reflects the opinion of PRO Unlimited and is not to be construed as legal solutions and positions. Contact an attorney for specific advice and guidance for specific issues or questions.