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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Why MSP/VMS Solution for Contingent Labor is a Necessity for More Organizations

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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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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Business Leaders Must Partner with HR on Gig Economy Strategy

With so many members of the American workforce migrating from the ranks of traditional W2 wage-earning positions toward the flexibility and autonomy of gig economy jobs, business leaders are responding to increasing calls from their HR management for approval to leverage gig economy labor in certain critical roles. The savvy business leader understands that contemporary…

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Help on the Way for Harried Talent Acquisition Professionals

The rapid growth in adoption of contingent labor among all kinds of organizations has become a burden on the talent acquisition community. Talent acquisition professionals are busy enough grappling with sourcing in a historically low unemployment environment where finding not just bodies to fill seats, but talent that can be developed for longer-term and temp-to-hire…

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Happy Birthday to America – A Land Built by Diversity Then and Now

As we pause to observe the blessings of American Independence and the freedoms, opportunity and common objectives we all share this Fourth of July, nextSource would like to recognize the role played by workforce diversity in the history and future of our great nation. We wouldn’t be who we are as Americans without the multifaceted…

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Without Procurement/HR Collaboration, Higher Ed Misses Cost Savings and Faster Fulfillment

My team and I derived many valuable insights from attending a recent event focusing on procurement trends in higher education. We learned a great deal about the dynamics surrounding contingent workforce management challenges facing the higher education industry. This blog focuses on the struggles with procurement of contingent labor and some potential solutions we developed…

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Year in Review – nextSource Blog 2018 Highlights

As has been our tradition here at the nextSource blog, we’re once again looking back over the last four quarters of content we’ve produced on a wide range of topics relevant to workforce planning and management. It is always interesting to make this review as it provides a tidy summation of the state of our…

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