Technology
What 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…
Read MorenextSource 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…
Read MoreThe Implications of AI in Candidate Interviews and Other Workforce Activities
It is a brave new world out there. The latest giant leap for mankind as it relates to the human capital world is the application of artificial intelligence or “AI” to the process of candidate interviews. If you find it unpleasant to speak to the automated voice used by increasing numbers of customer service call…
Read MoreWhat is the Gig Economy, and Should I Introduce it to My Organization?
nextSource recently had the opportunity to address the HR Alliance in Washington DC. The topic that was on the minds of many in the audience was the Gig Economy. The audience was seeking to understand this mushrooming new labor channel. The most obvious question is, “What is the Gig Economy?” The gig economy refers to…
Read MoreWhich KPIs Should You Track for Your Contingent Workforce Program?
You can’t manage what you can’t measure says the old business axiom. This is why performance minded managers employ key performance indicators or KPIs to help quantify critical aspects of performance in all areas of their business. For contingent workforce programs, there are common KPIs most frequently correlated with workforce management success. Knowing which ones…
Read MoreBrave New World, Broad New Lexicon
The “gig economy” is a topic we have been covering extensively here at the nextSource blog. The mushrooming growth of this new labor type represents a brave new world, both for individuals in the labor force as well as those professionals tasked with contingent workforce management. As with any new emerging business practice, it takes…
Read MoreVMS? MSP? Which Solution is Best for Me? Part Three of a Three Part Series | Which Solution Should Be Deployed First?
This is something of a “chicken or the egg” scenario – deciding whether an organization should embark first on a project to implement a vendor management system (VMS) tech platform or engage a Managed Service Provider (MSP) partner. In this third and final installment of the series, after having explored the benefits and challenges of…
Read MoreVMS? MSP? Which Solution is Best for Me? Part Two of a Three Part Series | Should I Deploy an MSP?
In part I, we examined how to determine whether your company/organization is a good candidate for a VMS solution. This installment will take a similar look at whether your company is a good match for a Managed Service Provider for contingent workforce management. Here are a number of crucial questions to ask about your existing…
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