With workloads and budget constraints increasing, many companies may feel like they’re in a pinch when it comes to filling talent gaps and boosting their teams’ capabilities. That’s why more organizations are now turning to contingent labor to address those gaps and improve efficiency. Contingent labor is a workforce solution that’s been growing in popularity…
For decades, temporary staffing has been widely utilized by all kinds of organizations looking for extra help during busy seasons or for short-term projects. In recent years, however, companies have started using temporary staffing to address dramatic labor shifts. With organizations struggling to find workers amid ongoing talent shortages, more are bringing in contingent workers…
In today’s dynamic economic landscape, organizations are seeking innovative solutions to manage their contingent workforce effectively. Acara’s Hybrid Managed Service Program (MSP) offers a unique combination of the preferred supplier and master vendor models, providing a tailored approach that meets the specific needs of businesses with a contingent labor spend below $10 million annually. The…
New labor statistics show the U.S. contingent workforce has grown to nearly 7 million people. Our staffing experts take a closer look at the trends in the data and what they mean for the labor market.
For procurement leaders, managing priorities can be a balancing act. With 20 to 30+ items on their annual agenda, they must select the most critical initiatives to focus on. Typically, they rank the top 10 priorities from their extensive list and then narrow them down to the top 5 strategic initiatives. Change is challenging for…
In 2024, the outlook for contingent work remains promising as more job candidates embrace the flexibility and opportunities it offers. A recent study conducted by the American Staffing Association revealed that eight in ten job candidates foresee working for a new company in the next 12 months. This shift indicates a growing openness to contract…
It’s no secret that contract labor has been thrust into the spotlight since the outbreak of COVID-19. Not only has the gig economy boomed, but talent flexibility has proven to be a “must-have” for many organizations around the world. The ability to ramp-up or pare-down the size of your workforce dependent on hiring ebbs and…
For human resources, talent acquisition, and indirect procurement professionals, managing the day-to-day operations of a robust contingent workforce program can be quite a chore. While many companies spend hundreds of hours sourcing and recruiting top talent, temporary labor programs also require a long list of onboarding/offboarding tasks, maintaining compliance, ensuring invoicing accuracy, and more. Overseeing…
A Master Vendor Program (MVP) and a Managed Services Program (MSP) are contingent workforce management programs with different approaches and objectives. An MVP focuses on consolidating your contingent workforce management through a single vendor, while an MSP aims to optimize workforce management across multiple vendors. The choice between these programs depends on your company’s specific…
Economic forecasts show that the odds of a recession are 64 percent. However, this recession is expected to differ from the ones experienced in 2001 and 2008 in that it could be quieter, slower, and longer, making flexibility in talent strategy even more critical. Organizations in all industries are searching for ways to maximize their…
