How to Use Modern Managed Services Like the Fortune 500
Innovation typically begins at the highest levels of industry, where deep-pocketed companies (with the budgets to support experimental projects) support early adoption of emerging tech and process. This was true of the rise of the Managed Services Program or MSP for workforce management in the 1990s. Once proven by the largest players, the MSP concept…
Read Now
Focus on Diversity and Inclusion to Drive Stronger Recruitment
Plenty has been written about the benefits of a more inclusive and diverse workforce. From flourishing creativity to increased productivity and employee engagement, a more diverse, inclusive workplace makes recruitment and retention of talent easier. It also translates to bottom line growth. Companies with gender diversity on their executive teams for example were 21% more…
Read Now
What is Upskilling and Why It’s More Important than Ever
According to Forbes magazine, “Upskilling has become a corporate priority essential to hiring, developing, and retaining the best talent to continue to constantly improve on behalf of customers.” In today’s job market, where COVID has driven unprecedented waves of job departures, the desire among workers to strike out in search of better, more gainful employment…
Read Now
Pandemic Forces Bring Significant Changes to the Nature of Work this Labor Day
nextSource is getting ready to celebrate Labor Day, recognizing and honoring the labor movement in America and the unique contributions that workers of all stripes have made and continue to make to the growth, development and achievement of this country. It is coming at a pivotal time for the American worker, as the very nature…
Read Now
Market Dynamics Driving Talent Scarcity
We’ve entered a time when there are simply not enough workers to manage and grow our companies. At the same time, unprecedented levels of social, political and economic change are redrawing the boundaries and dynamics of the global workforce. The net result is currently manifested in growing scarcity of talent and those responsible for workforce…
Read Now
Your Workforce ROI may not always be easy to measure
Through the nextSource Progressive Program Model™ we’ve standardized the practice of Supplier Audits, Benchmarking, Cost Baselines and the establishment of Savings Goals to increase ROI throughout your program’s lifecycle. Our teams regularly report on these savings for full transparency and use these discussions to provide further insight into future savings plans. Here is a little…
Read Now
Co-Employment Risks Apply to Payrolled Workers Too!
The number of Americans working under a temporary agreement is increasing daily. The American Staffing Association indicates that nearly three million temporary and contract employees work for America’s staffing companies during an average week. But companies do not merely rely on staffing agencies to find temporary help. Increasingly, they are identifying past workers, referrals, retired employees, and…
Read Now
Staying Ahead of Turbulent Times in Workforce Management
The BLS reported a notable drop in unemployment rates in the US in July, down to 5.4%. The total number of unemployed now sits at 8.7 million, while the number of long-term unemployed (those searching for jobs for 27 weeks or more) fell to 3.4 million. Though elevated compared to accepted “full employment” figures, any hiring organization…
Read Now
Employer of Record (EOR) or Professional Employer Organization (PEO): A Critical distinction
In a previous blog, we explained the difference between a Payroll/Employer of Record solution and a service provided by a Professional Employer Organization (PEO). As the COVID pandemic continues to create extreme economic and social uncertainty, both services can increase an organization’s agility, enabling business leaders to outsource payroll and/or HR functions to a third…
Read Now
The Iterative Governance Strategy Behind the Progressive Program Model
The value your workforce management program delivers over time should be consistent and ongoing. This means the program must constantly be assessing, reassessing, adapting and focusing on continuous improvement. The fact is, conditions on the ground are in a constant state of change and evolution. So, it would be unrealistic to think that the plans…
Read Now