Durso - Contingent Labor Workforce Strategies: Leveraging Non Traditional Staffing Alternatives
Contingent Labor Workforce Strategies:Leveraging Non Traditional StaffingAlternatives Jim Durso Global Solutions Manager WP10 - Workforce Planning & Employment 8/31/2011 10:00AM 11:00AM
What is Contingent Labor? •Provisional group of workers •Non-permanent basis •freelancers, independent professionals, temporary contract workers, independent contractors or consultants •A strategic approach to managing an organizations contingent workforce •Reduces the companys cost •Mitigates the companys risk in employing them
Contingent Labor Market Overview •Organizations leverage 11 million contingent labors •79% are considered full-time workers •41,000 employers in 35 countries report that Contingent labor is a key part of their workforce strategy •Globalization allows companies to expand with local SME’s •Contingent labor usage increases during economic downturn •US Unemployment rate as of July 2011 •10.6% with 14.1 million people tracked
Real-Time Data Demand Visibility Forecasting ComprehensiveAnalytics Workforce Compliance Strategy
End to End Human CapitalManagement for Contingent Workforce Training & Expense Recruiting On-Boarding Time & Labor Billing Learning Management Compensation Benefits Career Succession Performance Review Planning Administration Development Planning
Jim Durso References The Contingent Workforce, Marshall & Friends, Business Week, May 23, 2007 Manpower Inc., The Role of Contingent Workers in WP10 Workforce Strategy Survey, August 2009 Manufacturing Process Outsourcing: Control without 8/31/2011 the cost. The Holland Group, 2008 10:00AM 11:00AMWorkforce Planning & Employment
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