SOW and Project Services Management Never More Important During Pandemic

The “new normal” for workforce management in the midst of a pandemic includes a heavy utilization of remote workers wherever this is possible. In order to retain productivity levels, many organizations may be considering engagement of remote worker types for the very first time. For finite but important non-core projects SOW project workers are a…

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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…

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The Staffing Industry Appreciates US Military Veterans’ Service

At nextSource and among the staffing industry at large, personal achievement is taken very seriously. It’s why we work diligently to help organizations achieve a well-balanced workforce; at the same time, we help workers to achieve their career goals. On this Veteran’s Day, we turn our attention to the men and women who serve in…

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Staffing Industry and Hiring Organizations Brace for New Industry Reporting to be Required by SEC

The Securities and Exchange Commission (SEC) has proposed new regulations for publicly traded companies that would require reporting on the size and composition of the workforce. This is likely a reflection of the significant evolution of the American workforce over recent decades. Clearly, the SEC and investors believe there is actionable investment information to be…

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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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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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Work Environment Considerations Differ for Contingent Workers

Did you know that contingent workers sometimes suffer quietly in a toxic work environment (TWE) while their full-time counterparts are not feeling (or even aware of) the pain? Turnover caused by toxic company culture has cost an estimated at $223 billion according to a report released recently by the Society for Human Resource Management.  Volumes…

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