Showing 7 results
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Viewpoint
Steering into the Wind: Future-proofing Your Talent Strategy for the Energy and Utility Industry
Aug. 07, 2024The energy and utility industry is rapidly transforming, with a growing emphasis on sustainability, clean energy, and carbon reduction initiatives. This transformation has led to the evolution of conventional roles in traditional energy segments and the rise in demand for skilled professionals in alternative energy segments. With growing talent shortages due to demographic shifts and the lack of specialized talent, energy and utility organizations are partnering with Managed Service Providers (MSPs) and Recruitment Process Outsourcing (RPO) providers to help in sourcing and targeting top talent, creating impactful Employee Value Propositions (EVPs), and leveraging market intelligence and emerging technologies to manage talent acquisition programs. In this viewpoint, we explore avenues through which energy and utility organizations can future-proof their talent acquisition and management strategies to thrive in this dynamic business landscape. Scope Industry: energy and utility Geography: global Contents In this report, we examine: The energy and utility industry’s evolving talent landscape Transforming talent needs Emerging challenges and key trends in acquiring and managing talent Approaches for energy and utility organizations to future-proof their talent strategies Membership(s) Contingent Workforce Management Contingent Staffing Recruitment Sourcing and Vendor Management -
Provider Compendium
Vendor Management System (VMS) – Provider Compendium 2024
July 10, 2024The Vendor Management System (VMS) – Provider Compendium offers a detailed and fact-based overview of VMS technology providers’ offerings and capabilities. In this compendium, we provide factual profiles for 18 VMS providers, covering their company overviews, product capabilities, recent investments and announcements, key clients and partnerships, recent significant developments, and client portfolios across geographies, types of workers, industries, job families, and buyer sizes. Additionally, the report outlines product functionalities across modules and their capabilities. The compendium will enable buyers to assess the providers based on their desired set of capabilities, while technology providers will be able to benchmark their capabilities against their competitors. Scope All industries and geographies Geography: Global Contents In this report, we feature 18 VMS technology provider profiles and include: Company profile and partnership overview: company and product overview, key leaders, recent investments and announcements, and Managed Service Providers (MSPs) and other key partners Market adoption: managed spend, major clients, number of FTEs, and countries served Client portfolio: managed spend by geography, types of workers managed, and job family, as well as active clients by buyer size, buyer industry, and geographic scope Tools and technology capabilities: key capabilities and offerings across various modules and enhancements Membership(s) Contingent Workforce Management Sourcing and Vendor Management -
Viewpoint
Steering into the Wind: Future-proofing Your Talent Strategy for the Life Sciences Industry
July 03, 2024The life sciences industry is transforming rapidly, with increasing focus on personalized medicine, genetic engineering, and advances in biotechnology. This transformation necessitates the creation of cross-functional roles, combining traditional fields such as biology and chemistry with computer science and engineering. To address rising talent shortages, life sciences organizations are shifting toward skill-based hiring, collaborating with educational institutions, sourcing talent through non-traditional methods such as direct sourcing, creating impactful Employee Value Propositions (EVPs) to attract and retain top talent, and leveraging Managed Service Providers (MSPs) and Recruitment Process Outsourcing (RPO) providers to build a dynamic and flexible workforce. In this viewpoint, we explore strategies that life sciences organizations can adopt to future-proof their talent acquisition and management approaches to thrive in this dynamic landscape. Scope Industry: life sciences Geography: global Contents In this report, we explore: The life science industry’s evolving talent landscape Transforming talent needs Emerging challenges and key trends in acquiring and managing talent Approaches for future-proofing talent strategies Membership(s) Contingent Workforce Management Contingent Staffing Recruitment Sourcing and Vendor Management -
June 05, 2024AI, ML, and cloud computing are reshaping the IT landscape, enabling organizations to improve efficiency and competitiveness by integrating advanced technologies. This transformation has revolutionized existing job roles and created new specialized positions. Today, organizations are seeking professionals with diverse skills, combining traditional IT expertise with AI and ML knowledge. In response, IT and tech organizations are prioritizing emerging skills, sourcing talent from diverse channels, and employing Managed Service Providers (MSPs) and Recruitment Process Outsourcing (RPO) providers to build a dynamic and flexible workforce. In this viewpoint, we explore the strategies that IT and tech organizations can adopt to future-proof their talent management approaches and thrive in the dynamic industry landscape. Scope Industry: IT and Tech Geography: global Contents In this report, we explore: The ever-evolving talent landscape in the IT and tech industry Diverse talent needs Key challenges and trends in acquiring, retaining, and managing talent Strategies to future-proof talent management approaches Membership(s) Contingent Workforce Management Contingent Staffing Recruitment Sourcing and Vendor Management
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May 21, 2024The Vendor Management System (VMS) is gaining importance as organizations seek solutions to manage their contingent workforce. Companies across industries and geographies, including previously untapped segments like the mid-market, now rely on contingent workers to meet business demands. As a result, VMS technology providers are developing capabilities to meet clients’ unique requirements and comprehensively address end-to-end Contingent Workforce Management (CWM) needs. VMSs are developing capabilities to support all contingent talent categories, manage compliance, handle invoicing and payments, provide reporting and analytics, create talent pools, and source providers and candidates. Additionally, they are enhancing their VMS solutions’ User Interface (UI) / User Experience (UX), services procurement, total talent solutions, integration capabilities, and AI integration. In this report, we use Everest Group’s proprietary PEAK Matrix® framework to evaluate 22 VMS providers’ capabilities across two key dimensions – market impact and vision and capability. The research will help buyers select the right-fit provider for their needs, while providers will be able to benchmark themselves against the competition. Scope All industries Geography: global, North America, and EMEA This assessment is based on Everest Group’s annual RFI process, the proprietary contractual database of 22 VMS providers, provider public disclosures, and Everest Group’s internal intelligence, interactions with enterprise buyers, and an ongoing analysis of the market Contents In this report, we: Categorize VMS providers as Leaders, Major Contenders, and Aspirants Examine the VMS market’s competitive landscape Study providers’ key strengths and limitations Membership(s) Contingent Workforce Management Sourcing and Vendor Management
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March 06, 2024Digitization and automation are driving the talent landscape of the Banking, Financial Services, and Insurance (BFSI) industry. The sector is slowly moving away from traditional legacy systems and is embracing next-generation technologies to better serve their customers. This shift is not only reshaping operational dynamics but also changing the skills demand towards a blend of technology and financial expertise. However, talent demand-supply gaps and retention challenges are hindering this transformation. Today, many forward-looking BFSI organizations are leveraging data-driven approaches, new sourcing methods, and advanced technologies to build a resilient and agile workforce. They are increasingly utilizing Managed Service Providers (MSPs) and Recruitment Process Outsourcing (RPO) services to build their talent strategy, acquire different types of workers, and effectively manage talent acquisition programs. In this viewpoint, we explore avenues through which BFSI organizations can future-proof their talent strategies and adapt to the evolving business landscape. Scope Industry: BFSI Geography: global Contents In this viewpoint, we explore the emerging trends that are shaping talent strategies in the BFSI industry as we address the following key questions: How is the talent landscape of the BFSI industry evolving? What are the major challenges and underlying trends shaping the BFSI industry in terms of acquiring and managing talent? How can BFSI organizations future-proof their talent strategies? Membership(s) Contingent Workforce Management Contingent Staffing Recruitment Outsourcing Excellence
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Provider Compendium
Contingent Workforce Management / Managed Service Provider and Services Procurement / Statement of Work – Service Provider Compendium 2023 – Updated
Oct. 23, 2023Everest Group’s Contingent Workforce Management (CWM)/Managed Service Provider (MSP) and Services Procurement / Statement of Work (SOW) – Service Provider Compendium 2023 Updated provides an accurate, comprehensive, and fact-based snapshot of the offerings and capabilities of 30 CWM service providers / MSPs and 18 services procurement/SOW providers. It offers a detailed profile of each provider, with a comprehensive picture of its scale of operations, key clients and partnerships, recent developments and investments, technology solutions, and delivery locations. Each profile also specifies the provider’s position on Everest Group’s PEAK Matrix® and offers an insightful analysis of its capabilities. Scope All industries and geographies Over 1,950 CWM/MSP and services procurement deals Coverage across 30 MSPs/CWM providers and 18 services procurement providers Contents This report analyzes the performance of 30 MSPs/CWM providers and 18 services procurement providers and includes: The MSPs/CWM provider landscape The services procurement provider landscape MSPs/CWM provider PEAK Matrix® and Star Performers for 2023: classification of providers as Leaders, Major Contenders, and Aspirants based on Everest Group’s proprietary PEAK Matrix® framework Services procurement / SOW PEAK Matrix® and Star Performers for 2023: classification of providers as Leaders, Major Contenders, and Aspirants based on Everest Group’s proprietary PEAK Matrix® framework Based on the year-on-year movement of different providers on the PEAK Matrix®, eight providers have been named as the 2023 CWM/MSP Market Star Performers and four providers have been named as the 2023 Services Procurement Market Star Performers Everest Group analysis of providers: overall CWM/MSP and services procurement capability assessed by evaluating the providers along seven dimensions – market adoption, portfolio mix, value delivered, scope of services offered, innovation and investments, delivery footprint, and vision and strategy Membership(s) Contingent Workforce Management Sourcing and Vendor Management