Technology
What is the Role of Automation in Managed Services?
What would happen if an organization decided to use BOTH a VMS and an MSP? It’s not a crazy question. In fact, quite a lot of good can come from marrying these two seemingly different approaches to the same goal of improving workforce management. Let’s think through what’s to be gained by embracing the “why…
Read MoreWill talent scarcity halt the growth of the Tech Sector?
In this third installment of our series exploring the current level of business insecurity and the impact it has on workforce plans (part one: Will 2021 Be a Year of Thriving or Surviving for Your Workforce?, part two: Has COVID Changed the Definition of “Agile Workforce”?) we focus on an industry that has experienced a…
Read MoreWill AI Replace the Human Workforce Post-Pandemic?
The long-tail effects of the pandemic of 2020/2021 will continue to affect the face of the labor market. By extension, workforce planning and management will need to modulate their activities, even after things return to something resembling “normal”. One such notable change that is likely to impact workforce planning activity is the increased use of…
Read MoreRapid Changes in Workforce Industry Underscores Need for Seasoned Guidance
No one could argue that the nature of work and the workforce continues to undergo a rapid evolution. Driven by advances in technology and computing power, modulated by the shifting demands of working in the pandemic age, changes effecting workforce planning and management continue to come fast and furious. This is clearly visible in the…
Read MoreIs My Organization Ready to Move Workforce Management into the Cloud?
Deciding whether, how and when to invest in workforce management automation technology is a challenging process. How does one know if they’re ready to embrace cloud-based management software systems like VMS, talent acquisition tools, onboarding systems, etc.? Let’s explore the answers to this pressing question. Most workforce management professionals are aware that VMS tools, payroll…
Read MoreWhat is IC Management?
IC Management or Independent Contractor management is a process by which workforce management operations can safely, effectively leverage the benefits associated with the utilization of 1099 contract resources as opposed to W2 FTEs. IC management services manage the paperwork and the process of acquiring and managing independent contractor resources which requires different considerations. These include…
Read MoreWorking Knowledge Digest Nov-Dec 2020 | Part II
Here’s Part II of our bi-monthly “Working Knowledge Digest” feature. Part I digested Market Developments highlighted in the Working Knowledge portion of the nextSource website. Part II contains synopsis of the technology advancements and other newsworthy notes from November and December 2020. Technology AdvancementsTwo recent surveys reveal HR Technology Investment Plans for 2021which indicate companies…
Read MoreWhat is a VMS?
A VMS or Vendor Management System is a web-based software application designed to support the procurement and management of staffing services – including temp staff, outside contract or contingent labor – for mid-sized to large businesses and other organizations. VMS solutions enable the effective management of contingent workforce hiring processes from one, easy-to-use platform. A…
Read MoreProjection 2020 – The Year of the “Employee Experience”
As the decade draws to a close, workforce management professionals are bracing for what promises to be another “roaring twenties” as the global workforce continues to undergo rapid change and evolution. nextSource experts have been reviewing dozens of sources of data and opinion on what the New Year and the new decade have in store.…
Read MoreWhat is an MSP?
An MSP or Managed Service Provider is a service that enables customer organizations to outsource the responsibility for maintaining a range of business processes and operational functions in order to deliver the benefit of technology solutions and services instead of managing said processes internally. MSPs typically manage services procurement, staffing supplier relationships, and other talent…
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