Utilizing contingent labor can provide benefits in terms of flexibility, agility and cost savings because high quality labor can be accessible when needed, as needed. There are challenges to making sure that the usage of contingent labor continues to add value over time. These challenges can be managed by utilizing an analytical framework that considers the interdependencies of client needs such as speed of procurement, cost to provide, and quality of product. Analytics can be leveraged to help define the client performance parameters and provide self awareness and help drive the actions needed to ensure optimal usage of the contingent labor program.
Benefits of Optimizing the Contingent Labor Program:
Properly utilizing contingent labor can be a great competitive advantage by giving companies high quality resources without long term commitments that can lead to under utilization. Analytics can help anticipate and align the skills and resources where it’s needed most at at the right time.
Different Levels of Analytics:
The natural progression of analytic capability involves understanding the benefits and users of the different levels of analytics from reporting and visibility to predictive analytics capabilities. The building blocks must be in place which includes the data, the infrastructure, and the processes.

Optimization Framework:
Optimizing the labor program is typically defined by the market as cost savings however there are several components in balance that a company must consider and agree upon with the staffing firm to be truly successful. We measure the value benefit to the client based on the interdependencies of quality of labor, speed to respond, and cost.

04/16/2012 1:30 pm o'clock

04/16/2012 2:30 pm o'clock

Cherise Sortino

-

-

-