In response to the changing economic landscape and growing uncertainties, most forward-thinking enterprises are adopting contingent talent as a strategic lever to achieve the required agility, flexibility, and scalability. These enterprises are proactively reshaping their talent acquisition and management strategies to adeptly oversee both contingent and permanent workers. Many companies are slowly transitioning toward Total Talent Management (TTM), where they harness people, processes, and technologies to effectively manage both permanent and contingent workers. Hence, integrating Vendor Management Systems (VMSs) and Human Capital Management (HCM) systems to build a highly interoperable technology ecosystem is emerging as an indispensable requirement for enterprises going forward.

In this study, we address enterprise questions related to stakeholder considerations in Contingent Workforce Management (CWM), role of VMS in effective management of contingent workers, and the importance of VMS and HCM integration for TTM.

Scope

All industries and geographies

Contents

In this report, we examine the role of VMS not just in enabling efficient CWM but also as a fundamental building block for facilitating TTM by answering the following questions:

• Why is it important to streamline and manage the contingent workforce effectively?
• What are the key considerations for different stakeholders in talent management, particularly for contingent talent?
• How does technology, particularly a VMS, address key stakeholder requirements?
• What is the role of VMS in enabling TTM?

Membership(s)

Contingent Workforce Management Services

Sourcing and Vendor Management