Getting the most value and efficiency from a contract workforce program sometimes involves identifying shifts in commonplace practices and maintaining an openness to change. As technology continues to improve and reshape the way companies do business, it becomes clear that legacy solutions for contract workforce management won’t be around forever.
The following examples are key areas that aren’t simply passing trends–they represent early signals that a fundamental reimagining of how contract workforce management will be approached will unfold in the coming years.
Many contract workforce programs are still supported by traditional enterprise service models, which rely on dedicated teams of people to manage and drive daily tasks. Though popular, these services are behind the curve on technology, and perform much of their work manually.
Even compared to just five years ago, technology has made incredible advancements. Key components of contract workforce management, such as vendor management, employment, and freelancer payments & compliance can be automated and managed from a single software platform, thus eliminating reliance on manual work.
The 2023 SIA Buyer's Survey1 concluded that while on-demand sourcing represents a small percentage of contract workforce spend, that number is expected to jump significantly in the next decade.
Managed service providers who base their revenues on a percentage of workforce spend aren't incentivized by cost-cutting measures such as on-demand sourcing, and are less likely to support programs that wish to include it.
Many companies have a contract workforce that's too large to go without a formal program in place, yet too small to benefit optimally from traditional enterprise solutions. Dedicated service models don't easily scale downward, leaving this "middle market" of contract workforce programs without a lot of great options.
Up until recently, companies have had to make compromises, engage with fragmented service models, or consider other unsatisfying alternatives.
Recognizing these industry shifts, HireArt offers a transformative solution that empowers companies to take control of their contract workforce management. The HireArt platform comes with embedded employer of record capabilities and integrated tool sets, giving users the ease and simplicity of a single platform with all the necessary resources already included. Software automates day-to-day tasks and ensures compliance with state and federal regulations, which frees up a lot of time and energy for teams with comparatively fewer resources and staff.
Strides in modern technology have made managing your own contract workforce program a viable and exciting alternative to consulting with a legacy service provider.
Come see the platform in action for yourself. Schedule a demo today.
1. Staffing Industry Analysts, Workforce Solutions Buyer Survey 2023, April 27, 2023, https://www2.staffingindustry.com/Research/Research-Reports/Americas/Workforce-Solutions-Buyer-Survey-2023-Americas-Results
