Recruitment and Talent Acquisition – What is the Difference?

Think of it this way, all recruiting is talent acquisition, but not all talent acquisition is focused on recruiting. Talent acquisition describes the long-term process of planning the overall composition of the workforce and the best practices for delivering the goals set forth. Recruitment is the short-term process of filling a role with the right…

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nextSource Blog Retrospective for October and November

The nextSource Blog is your one-stop shop for incisive industry perspectives, best practices, innovative ideas and overall thought leadership on all things relevant to workforce management.  Today’s post will look back over the last few months of posts to provide a brief synopsis of all the hard-hitting and valuable content this blog has been producing…

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Is it Time to Consider a Procurement Services Provider for Contingent Labor?

Your procurement department is probably well-equipped to source the goods your organization needs. From raw materials needed to produce products to office supplies, they’ve got it well in hand. However, services procurement – that is buying services such as contingent labor of all varieties like temp labor, project workers, and independent contractors – is a…

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What is a SOW?

An SOW or “statement of work”, is a formal document used in project management practices to broadly describe scope of work to be completed on a given project, the responsibilities of involved participants, and expectations regarding execution within the project. It’s a routinely used tool for the management of vendors, freelance and contract labor engaged…

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Avoid Getting Bitten in the Tail (Spend)

Tail spend is defined as the roughly 20% of a procurement department’s spend allocated to non-core transactions. Typically, this is spend on items not significant enough to be run through a procurement process, typically due to a high volume of small suppliers and limited in-house resources available to manage them. For most organizations engaging niche…

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Why and How to Implement a Remote Talent Strategy

Like most medium to large size organizations, you likely already have a contingent workforce strategy in place. For many, this strategy relies heavily on staff supplementation/temp labor to plug gaps and accommodate times of peak business volume. More robust practices may include other worker types in their contingent mix like onsite independent contractors, project workers…

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Contingent Workforce 101 – Some Fundamentals

Here at the nextSource blog, we often focus on providing simplified, easy-to-digest explanations of some of the latest, advanced processes and technologies being adopted by innovators in the human capital management industry. Today, though, we’re going to return to basics, because we know not all organizations are advanced in their workforce management know-how and understanding.…

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Higher Education: Learning to Love Workforce Management Solutions – PT 1

A broad and growing array of services and tech solutions for managing contingent is being embraced and adopted by industries of every kind. Historically, in the higher education vertical, the need for such solutions hasn’t been pressing until recently. Growing interest is due to developments which make non-employee workforce elements more necessary and attractive to…

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