The amount of data being produced and captured in today’s ever-connected world is staggering, as is the potential opportunity for businesses to improve their performance by harnessing this information. Yet many organizations are challenged by the sheer mass of the data and the complexity of corresponding analytics, becoming overwhelmed and paralyzed by all the possibilities.
This challenge is reflected in today’s contingent workforce management world. According to a Deloitte study, 75 percent of executives identify talent analytics as an important issue, but only 8 percent believe their organizations are strong in this area.
To better leverage workforce analytics and business intelligence to drive real-world business results, one key is harnessing the power of an integrated managed service provider (MSP) and vendor management system (VMS) platform, such as PRO Unlimited.
The analytics of “big data” consist of two key parts: data capture and data interpretation/application. As such, a top-tier VMS must be capable of ingesting the right information from both third-party systems and client-generated data.
In addition, a leading-edge VMS needs to be able to present this data in a format that empowers workforce management decisions both tactical and strategic:
Finally, simply because a VMS has a “pretty” dashboard doesn’t mean it’s going to produce intelligent data and recommendations that make a tangible business difference. This is where an MSP can provide critical client support.
With PRO’s unique single provider offering, the MSP possesses an intimate understanding of the VMS platform and its underlying analytical capabilities. Wand Discovery, the interactive business intelligence suite within PRO’s Wand VMS platform, captures every process that managers, contingent workers, suppliers and other users perform within Wand and serves it up via interactive, intuitive dashboards.
In addition, with Total Talent Solutions, clients gain total visibility into both contingent AND full-time resources across the organization. This industry-first technology gives users insights into the best ways to engage resources across all categories from a cost, quality and risk perspective. (Learn more: “Unleashing the Power of Holistic Workforce Visibility.”)
PRO has a dedicated Strategic, Analytics and Metrics (SAM) team that’s on site with clients right from the start of the relationship and will fully customize the Wand Discovery dashboards to align with the client’s needs and preferences. Following implementation, the SAM team uses its knowledge of both the client and Wand VMS to offer additional insights.
To learn more about the benefits of an integrated approach, check out our data sheet, “Positive Business Outcomes of an Integrated MSP and VMS Solution.”
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.