Demand in the temporary labor force for third quarter 2018 has increased 3.4% as compared to the same period last year, according to a report from The Palmer Forecast. The number of temporary and independent workers continues to rise in the U.S. as more job seekers look for flexible opportunities. Is your company currently able to efficiently recruit and manage these workers?
Often working with multiple staffing providers to fulfill your labor needs can be a tricky process if you lack a good software to help. In today’s workforce environment, it pays to be efficient and time-sensitive in recruiting and managing your contingent labor. Lack of visibility into these high-demand workers can lead to damaging bottlenecks in the recruiting process, high time to fill rates, uncontrolled turnover, and more.
Lack of clear communication between staffing providers, supervisors, and HR hiring managers can create major chaos. Did you know that a Vendor Management System can help? Think about it, would an accounting department use Excel and old school fax machines to keep track of daily transactions and to communicate with one another? Absolutely not, so why should one of a company’s main priorities, its HUMAN capital, be left off the technology bandwagon, attempting to track daily labor on spreadsheets or through email? With VMS technology you can expertly manage your contingent workforce like a boss; instant, cloud-based access to the information you need allows you to take action and make proactive decisions affecting your bottom line, everytime.
We recently worked with an HR client in a large-scale manufacturing center whose antiquated recruiting and managing of temporary labor had become a real burden with all of the additional hours spent wading through the endless trails of paper. After implementing an efficient VMS platform, within three months they saw astounding results:
- Requisiton tracking process decreased from 7.5 hours to 1.5 hours per week
- Requisition approval process decreased from 30 minutes to 5 minutes each week
- Time to fill was cut in half, from 18 days to just 9 days
Could VMS be a good option for your business? Definitely do your homework and see what its all about. Try taking your eyes off the spreadsheet for an hour to learn what VMS technology can do for you. Your eyes will thank you.