66
Projected age of retirement
for current workers.


"facticious"
Data that is false or fabricated.

gold
The best data scientists turn
distilled information into pure gold.

butter
Too much churn and
companies lose the cream.

guatemala
Guatemala has the largest CW
compared to population in Americas.

1 in 3
# of working Americans in
the contingent workforce.


"jobsolete"
As some jobs become out of date,
others emerge.

rope
In a conformity string, we call attributes
that impact cost and availability of
qualified job candidates "pieces of work".

2%
Projected growth office/clerical
staffing 2013.

44%
Companies implementing proper
measures during offboarding.

singapore
Singapore was world's top CW
productivity market 2014.

male
Data Scientist: the most wanted
job by employers on LinkedIn
in 2014.

belgium
Belgium has the highest tax burden in EU.

247:10k
Ratio of robots to employees in Korea,
highest level in the world.

36%
Employers who find paying
freelancers cumbersome.

stars
The big star in our universe is Data Centauri.

40
% of American workforce projected
to be freelance by 2020.

crystalball
Predictive analysis is only as
insightful as the analysts.

sugar2
Data should never be sugar coded.

bow
A good strategy stretches without
changing its basic shape.

19.6wks
Average length of unemployment
of managerial candidates.

17m
# of workers with tenuous
ties to employers.

37
% of senior HR officers identifying
talent management as top HR issue.

questions


To find answers, we formulate questions.
Then question the questions.

< 20
% of private sector workers receiving
employer sponsored health insurance
by 2025.

16%
CW population at average
large company.

france
France has the highest
tax burden in EMEA.

70
% of Fortune 100 who’ve
implemented a VMS.

-1.5m
Shortage of US managers able to
analyze big data and make decisions
based on findings.

£2.6b
Amount NHS spends on
temp staffing.

shamrock
Independent contractors can
be reclassified by Irish courts.

CWS 3.0: July 17, 2013

By Christopher Minnick

With the U.S. temporary staffing market projected to grow 6 percent in 2013 to $105.3 billion and another 6 percent in 2014 to reach $111.5 billion, the industry is near its historical peak in terms of spend.

Conducting a program assessment will help companies manage their costs by providing much needed information on the current status of their contingent workforce practices. Moreover, program assessments, if used strategically, will aid companies in better understanding the collective risks and inefficiencies of its contingent workforce — thus allowing CW managers to incorporate important and necessary measures that will effectively improve the performance and maturity of their programs. 

1. Provide a comprehensive outlook of their current practices. While understanding the current state of a company’s contingent workforce practices may not seem revolutionary, in reality it is a very big deal. Surprisingly, most companies do not have a good understanding of how their CW programs are performing in terms of quality, efficiency, cost and risk, and don’t invest the time or effort to do so. A company may have a vague sense of one or two of these areas, expressing “we know our rates are too high” or “it takes too long to get a temp,” but it is rare that a company really understands what is happening across all four of these critical dimensions enough to properly solve the problem in a meaningful and lasting way. By conducting an objective assessment, CW program owners will better understand their current state practices and opportunities for improvement.

2. Potential to monitor program performance and maturity over time. With formalized CW programs and the advent of MSP and VMS solutions being a relatively new management strategies (i.e., ~15 years) and staff changing as frequently as they do, companies generally have little clue as to how, and more important why, their CW practices have evolved over time. Most companies come face-to-face with their shortcomings when they are faced with a crisis of some kind — an audit by a federal or state agency; unauthorized access to a system storing intellectual property, trade secrets or confidential information; or a supplier’s insolvency.

CW program assessments, especially those seeking to answer questions related to the five most important maturity features  — 1. How comprehensive is the CW program? 2. How strategic is it? 3. How well is it governed? 4. How measurable is it? 5. How sustainable is it? — have the power to predict certain events over time. Specifically, by completing an objective assessment a company will know how they are performing and roadmap for continuous improvement.  

3. Engage stakeholders and provide important information concerning the company’s readiness to change. Far and away the most significant benefit of conducting an assessment is the fact that the entire process creates engagement among company employees and various stakeholders. By utilizing a framework, such as the CW program maturity model, assessments incorporate “stage based” questions, enabling a company to gain valuable insights into how ready and willing it is to change. Assessments typically validate what a company already knew about certain aspects of its CW practices but, if done objectively, it almost always highlights others issues that a company didn’t know existed. Sometimes those new issues aren’t things that people necessarily wanted to know. Convincing people to actually change is the hard part. Good luck! The time to start is now!

View on the Staffing Industry Analysts website