In a recent Forbes piece, PRO Unlimited’s Ted Sergott, EVP of Product Development, talks about the top contingent labor concerns companies can address by leveraging a Vendor Management System (VMS) such as Wand.
As mentioned in the article, “More than 2.5 quintillion bytes of data are produced daily. In 2017, some predicted that more data would be created than in the previous 5,000 years. This data oﬀers possibilities, but also has the potential to overwhelm executives. Seventy-five percent of business executives identify talent analytics as an important issue, but only 8% believe their organizations are strong in this area.
This data inﬂux is reﬂected in the contingent workforce management arena, where managers, gig workers, suppliers and Managed Service Providers (MSPs) combine to create millions of data points. It begs the question: If workforce data contains the answers to critical questions, how can businesses unlock them?
One answer could be a top-tier VMS to manage all aspects of the contingent labor program. A VMS enables a transition from program-wide data to line item-level information. When combined with an MSP, it empowers stakeholders to understand what’s happening, identify key trends/drivers and take action.
Here are the seven questions stakeholders can ask of a VMS to better understand their company’s contingent workforce ecosystem and fuel actionable decisions moving forward:”
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.