As the modern workforce landscape continues its rapid transformation toward flexibility and agility, businesses are escalating their use of contingent labor to drive innovation and adaptability. However, managing these non-traditional workforces poses unique challenges – and one of the key areas of concern is supplier management. This is where modern, specialized supplier management solutions, like those offered by Prosperix, can make all the difference.   1. Enhanced Efficiency in Managing Suppliers The first and most obvious benefit of using specialized supplier management solutions ..read more

Effectively deploying and managing a contingent workforce has become a strategic imperative for companies big and small as they race to stay agile and competitive in today’s fast-paced market. And while the concept of a contingent workforce isn’t new, its importance has skyrocketed recently with the pandemic-fueled push for workforce flexibility.  As we navigate this evolving landscape, it’s crucial to understand how to harness the power of a contingent workforce as effectively as possible – especially for businesses that are still in the formative stages of their contingent workforce ..read more

Business leaders recognize how critical an optimized workforce is to organizational growth and efficiency. With this eBook, you can learn budget-friendly ways to hire, retain, and classify your contingent workforce. Download your copy and start implementing these game-changing strategies today. Get free access to: 25 proven cost-saving hacks assembled by industry insiders How much each might save you Practical insights from business leaders like you Know-how to navigate through these strategies Ways to customize these tips for your organization Download eBook Why you must read th ..read more

 Procurement leaders are always looking for ways to find new talent more efficiently and gain more visibility into their contingent spend. With this eBook, you can learn how. Don’t miss out on this opportunity to uncover surprising ways to reduce costs by up to 50%. Download your copy and start implementing these game-changing strategies today. Get free access to: 25 proven cost-saving hacks assembled by industry insiders How much each might save you Practical insights from contingent workforce experts Know-how to navigate through these strategies Ways to customize these tips for y ..read more

Even in the most stable of economic conditions, managing a business means staring down an endless list of hurdles. But when you layer on economic unpredictability and ever-changing marketing fluctuations, these challenges grow exponentially. Rapid-fire budget adjustments. Scrapped initiatives. Surging headlong toward unfamiliar market opportunities. All of this can challenge and frustrate even the most seasoned business leaders.  It’s during these unpredictable times that the role of the contingent workforce becomes more crucial than ever. The flexibility and cost-effectiveness of cont ..read more

The concept of a contingent workforce has been a staple in most companies’ workforce strategies for decades. And while the number of U.S. contingent workers – and businesses’ reliance on them – has grown reliably over the last 15 years or so, the rising need for workforce flexibility fueled by the pandemic has accelerated this growth. More than ever, big and small businesses alike are leveraging the power of a contingent workforce to stay agile, innovative, and competitive.  So what exactly is a contingent workforce, and how can you successfully integrate contingent labor into your ope ..read more

The concept of a contingent workforce has been a staple in most companies’ workforce strategies for decades. And while the number of U.S. contingent workers – and businesses’ reliance on them – has grown reliably over the last 15 years or so, the rising need for workforce flexibility fueled by the pandemic has accelerated this growth. More than ever, big and small businesses alike are leveraging the power of a contingent workforce to stay agile, innovative, and competitive.  So what exactly is a contingent workforce, and how can you successfully integrate contingent labor into your ope ..read more

We won’t mince words: Selecting the right Vendor Management System (VMS) for your managed contingent workforce program is likely to be the single most important factor in determining your program’s success.  With the use of contingent workforces escalating further each year and the eternal need for efficient vendor management, the right VMS can significantly ease hiring, streamline processes, and cut costs – all while ensuring better control and visibility over your supplier relationships and contingent labor spend. Understanding Vendor Management Systems (VMS) First things first, wh ..read more

Supplier performance management (SPM) is a critical – yet often overlooked – part of the success of any organization’s contingent workforce program. If you’re wondering what SPM is and why it’s essential in workforce management, you’re in the right place. Let’s break it down. Understanding Supplier Performance Management In the context of contingent labor, Supplier Performance Management is the process by which organizations measure, analyze, and manage the performance of their contingent talent suppliers. This is crucial to ensuring that suppliers meet or exceed your company’s expectatio ..read more

Over the last two decades, the rise of contingent workers – contractors, consultants, freelancers, SOW workers, etc. – has reshaped the workforce landscape across the globe. These workers offer flexibility, specialized skills, and cost-effectiveness, making them invaluable assets and a key to long-term agility and growth. But using contingent labor adds a new wrinkle: the challenge of keeping these non-traditional resources motivated and engaged.  So how do we ensure that our contingent workforce remains as driven and committed as their full-time counterparts? Here are some strategies ..read more