Hire Contingent Workforce Management Experts

As a business owner, your objective should be to not cross the thin red line between employees and independent contractors. But when the distinction between the two becomes blurry, then it becomes even more essential for companies to hire contingent workforce management experts.

The Role, Purpose, and Importance of Contingent Workforce

It is true – the job marketplace is saturated, but hiring contingent workforce management experts will allow organizations to maximize their ROI without disruption. When it comes to contingent workforce management, organizations cannot afford to make basic mistakes.

Besides, freelancers and independent contractors now make up almost 30% of the total American workforce. The role of contingent workforce management expert is integral for an organization to move forward in the right direction.

In fact, solid management of contingent workforce helps organizations to grow and evolve. The modern contingent workforce stems from the boom of the gig economy. Better management of a contingent workforce allows businesses to achieve more scalability, complete projects faster, create an agile and talented workforce, and get access to top industry talent.

On the other hand, experts concur that the management of an effective contingent workforce can become complicated. Traditionally, management involves departments, procurement teams, and HR. This complex structure leads to inconsistent hiring and scrambled processes.

Not to mention, it wastes precious time and resources of the company. Hiring an efficient and experienced contingent workforce management expert simplifies the control over freelancers and independent contractors.

Management of Contingent Workforce: Best Practices

External Support

As a business owner, if your company doesn’t have enough experience to manage a contingent workforce, it is better to outsource the services of an expert. Hiring a contingent workforce management expert can help you gain access to specialists who can assess and streamline your key management processes. It would allow you to extract the most value from your hired contingent workforce.

You can also count on the support and expertise of the same specialists to ensure your organization doesn’t violate any new government regulations. Furthermore, experts can also help you find more talented individuals within your industry. With the help of contingent workforce management experts, you will have a real shot to make the workplace environment more comfortable and flexible for non-permanent staff.

Utilize Modern and Innovative Technology

Once you have a dedicated and centralized process, you can automate and manage your talented contingent workers. For instance, your external expert will implement a cloud-based vendor management system. It would function as a central access point for the entire contingent workforce.

It is an added visibility that works in favor of your non-permanent workers and independent contractors. This heightened visibility allows you to keep close tabs on time logs, expenses, payments and remunerations, performance reviews, onboarding, and compliance.

Transform Organizational Processes

As a firm, you can’t just expect things to work out on their own. It is crucial to devise a detailed plan in order to bring all your departments on the same page. Your contingent workforce management expert will make sure there are no inconsistencies about the plan among different departments.

The external expert will also make sure multiple departments don’t create their separate management tactics towards a contingent workforce. You can also count on the expertise of a contingent workforce management specialist to create a centralized plan of action. It would prevent dysfunctional approaches that might conflict with the main plan. As a result, you will have more efficient and seamless compliance, workforce analysis, and payment systems.

Make Calculated and Informed Decisions

When you have clear visibility of management processes, it would allow you to make more calculated and informed business decisions. Most organizations are aware of the fact that having a contingent workforce management plan is a cost-effective measure that clears the path to make growth-driven business decisions. The performance visibility is an ecosystem of your contingent workforce that results in greater productivity, improved quality, and high operational efficiencies.

Vendor Neutrality

Before you decide to hire a contingent workforce through an external expert, opt for a vendor-neutral agency. Not too long ago, MSPs used to serve staffing experts. However, it became difficult for companies to figure out whether or not MSPs serve in the best interest of the firm.

It’s a conflict of interest that helped companies realize the need for an external expert to manage a contingent workforce. So make sure the expert you hire follows a vendor-neutral service model to ensure efficient staffing of your company. The vendor-neutral model propels external experts to prioritize fulfilling staffing needs, as per your company’s requirements and budget limitations.

Save Administrative Costs

Contingent workforce management experts roll out efficient processes to schedule, manage, and pay contingent workers. As a result, it can bring down your overall administrative costs in a significant manner. Through a centralized administrative process, contingent workforce management experts can implement unique programs to save more costs without impacting business efficiencies. Time, after all, is money, and the more time you save, the higher the ROI your organization can achieve.

Contingent Workplace Management Expert: What Benefits You Can Expect?

No one understands more than established organizations that it takes more than one perspective to achieve growth. And when you hire a contingent workforce management expert you can expect an unbiased and fresh approach. Most freelancers and independent contractors have different experiences and skills to solve specific problems.

Your external expert will align the increased flexibility of contingent workers as per your business needs. Sure, employers deserve to know about the seasonal ups and downs, but they should also dive into new markets to hire talented gig workers and maintain a competitive edge.

On the surface, it may sound like a fast way to reduce costs, but the same approach can help you scale up business operations. Besides, you can summon a contingent workforce at any moment, offer and receive instant feedback, speed up the market strategy, and ensure completion of work before deadlines approach.

At any given moment, you can also outsource the services of a specialized worker remotely, without spending thousands of dollars on traditional recruitment processes. Another major perk of hiring a contingent workforce management expert is that it can help provide a smooth transition into another workplace environment. You don’t have to disrupt work or pay additional costs due to relocation. Your external expert can ensure the productivity of the contingent workforce throughout the business relocation process.

Summary

High5 offers dedicated and professional recruitment services to a wide range of businesses. Despite what industry you belong to – it is high time to take the next big step and manage your contingent workforce. Hiring a contingent workforce management expert is a growth-oriented approach that allows you to run operations at an affordable cost and push for a high revenue stream.

At High5, you can connect to the most talented workforce professionals at an affordable cost structure. Our specialists can help you match with the best contingent workforce management experts in no time.