Rapidly rising in importance amid the talent shortage is contingent labor, workers that provide services to an organization such as independent contractors, freelancers and temporary staff, and are not on the payroll. Almost every company has contingent workers, and many are increasing the use of non-permanent labor while dedicating more spend to the HR category.
Understanding the basics when it comes to pharmacy benefits management (PBM) can provide insight for procurement managers trying to find cost savings in unfamiliar territory.
Across all fields, the labor shortage is forcing companies to create more attractive ways of getting jobseekers to apply and retaining their current talent. The competition for high-quality employees continues to present challenges for HR and procurement teams. That’s why shifting to a new approach considering candidates' unique upper hand in negotiations can reignite your hiring results.
Did you know 75% of the workforce now expects their employer to position itself on social and cultural issues? According to a recent study, this is true even if the stance is unrelated to the business itself. As time goes on, more and more progressive companies create a space for conversations and policies regarding diversity, equity, and inclusion.
Most organizations throughout the world are experiencing some type of skills shortage. In the US, some 83 percent of businesses are struggling to find workers with the right skillsets, according to the Society for Human Resource Management. Companies that can’t find the skills they need will continue to be at a disadvantage in the marketplace.
Does it ever feel like there's new independent contractor news every time you turn around? Uncertainty and constant change? Seems very on-brand for post-2020. There have been two major headlines regarding Independent Contractor Compliance circulating around the industry recently: the first is AB 2257, an update to AB 5; and the second is a proposed DOL rule interpreting IC classifications under the Fair Labor Standards Act (FLSA). Follow along below as we tell you all you need to know and the impact this could play on your procurement strategy for ICC!
Sourcing and contracting Human Resources (HR) services is a complex and challenging area and it is not getting any easier. The pandemic has had a big impact on how we work and how we staff our organizations. Employment regulations are also subject to constant change.
The pandemic has affected job roles in many different ways. For some companies, demand dropped significantly at the start of the pandemic but has returned to normal levels. For others, demand and supply chain fluctuations have proven difficult, such as situations where they have had to lay off staff and then rehire to meet changing needs. For hiring managers, this means that a great level of flexibility is required. Now, staffing agencies are playing a significant role in helping clients become more agile, as employers still need employees to meet business goals. The current environment simply means that hiring managers must be creative and strategic in finding them.
The COVID-19 pandemic offers us a glimpse of the future, today. It’s forced us to rethink old ways of doing business, and to recognize that it’s time, perhaps past time, to embrace modern approaches to hiring, onboarding, and employing our most treasured asset, people. And it all starts with identity verification.
