How Well does Your Organization Manage its Contingent Workforce?

Today, it is not unusual for companies to spend up to three percent of total revenues on contract labor services. Hidden costs can take away millions of dollars from your bottom line.

Many companies have difficulty quantifying their contingent staffing resources. Take a few minutes to ask your team these questions.

1. Does your organization manage supplemental staffing resources?





2. Do you know how many contract employees your company had on assignment during the first week of last month?





3. Do you know how much your organization spent on contract employee and consultant services





• Last year?





• Last quarter?





• By division?





• By supplier?





4. Do you know your company’s average pay and bill rate for overall contract employee services? Do you have this information by category (e.g., engineering, information technology, scientific, clerical, administrative, light industrial)?





5. Can you find all of the completed non-disclosure/secrecy, patent and proprietary forms, signed acknowledgments of company policies, etc., for all of your current contract employees?





6. Does your current labor procurement system consistently:





1. Question initial pay and/or billing rate requests to determine if there is room for negotiation?





2. Seek out new, cost-effective, quality suppliers or do you repeatedly see non-negotiable personnel requests from the same managers for the same suppliers?





3. Allow you to access previous, high quality, high performing contract employees for repeat assignments and, more importantly, allow you to deny the return of poor performers?





4. Allow you to easily evaluate current overall labor market trends and compare and contract your practices and policies with those of your competitors?





5. Manage the service time of individual contractors?

If you answered "no" to more than one question, you need to speak with a MAP-Managed Services consultant. Please contact us to learn how we can reduce those hidden costs of managing a flexible work environment.