A return to something approaching normal seems to be on the horizon and the American workforce is expressing increasing levels of confidence as vaccination efforts gain traction. This week, the Forbes Advisor-Ipsos Consumer Confidence Weekly Tracker turned in a week-over-week increase of 3.7%, rising to a confidence level of 65.5 out of a possible 1000.…

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direct sourcing

We all know that hiring, onboarding and training of the workforce is both time consuming and costly. That’s why it is so painful for many organizations during the pandemic. Sharp drops in demand across numerous industries have forced many to shed headcount. As recovery may occur in unpredictable ways, hiring authorities face an excessive burden…

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What happens when your commitment to building a diverse workforce is compromised by your need to rapidly source highly sought-after IT talent? By retaining the services of a woman-or minority-owned Managed Services Provider, 100% of all spend flowing through the program would qualify as diversity spend. However, if you are committed to building a truly…

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Sometimes referred to as “self-sourcing” in the staffing industry, direct sourcing is the process by which a company develops and leverages its own candidate pool to engage as contract workers instead of relying solely on staffing providers. The company typically then turns to Employer of Record, Agent of Record, or Managed Service Provider firms to…

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The timing couldn’t be worse. With significant disruption to normal workforce management operations due to the pandemic, President Donald Trump has added another burden to workforce planning, issuing an executive order suspending the entry of H-1B visa holders into the US. Leveraged by IT companies, manufacturers and others, H-1B visas have been a critical talent…

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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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Contingent labor as a spend category continues to grow and today represents a significant percentage of overall indirect spend for many organizations. According to Deloitte, some large enterprise organizations report spend focused on contingent workers equals the rest of their entire procurement spend! Many enterprise organizations have already determined that an MSP/VMS solution is critical…

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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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