Vendor Management Systems Best Practices

11% of the current US workforce are contract employees. Let’s look at where we are Best Practices for a Contingent Labor VMS

11% of the current US workforce are contract employees. Let’s look at where we are Best Practices for a Contingent Labor VMS That’s 15 million people!

These 15 million contract employees are valuable assets to the companies that utilize them. Best Practices for a Contingent Labor VMS

Contract Employees Provide Best Practices for a Contingent Labor VMS

Flexibility Immediate productivity Quick on-boarding Expertise Risk mitigation Candidate pipeline development Reduced downtime and much more Contract Employees Provide Best Practices for a Contingent Labor VMS

Two-thirds of CFO’s do not know: How much their companies are spending on contract labor, or 2005 study conducted by Staffing Industry Analyst, Inc. Best Practices for a Contingent Labor VMS

Two-thirds of CFO’s do not know: 2005 study conducted by Staffing Industry Analyst, Inc. 2. how many staffing suppliers they are utilizing. How much their companies are spending on contract labor, or Best Practices for a Contingent Labor VMS

In the post-Microsoft “perma-temp” era*, managing and tracking the process of acquiring contract labor has become critical. *U.S. Court of Appeals for the Ninth Circuit, Vizcaino v. Microsoft, May 12, 1999 There are Legal Issues Best Practices for a Contingent Labor VMS

And There are Massive Administrative Burdens Best Practices for a Contingent Labor VMS

But the VMS promise is to simplify all this. Best Practices for a Contingent Labor VMS

Enter VMS Best Practices for a Contingent Labor VMS

VMS = Vendor Management System Best Practices for a Contingent Labor VMS

VMS is software that facilitates the filling and tracking of contract staffing requirements. Best Practices for a Contingent Labor VMS

Issues Addressed by VMS Too many staffing vendors Massive administrative burden Unauthorized expenditures Inability to budget and forecast 1099 compliance risk management Best Practices for a Contingent Labor VMS

But There are Still Problems According to Staffing Industry Analysts, the satisfaction rate among VMS customers is “below average.” Best Practices for a Contingent Labor VMS

The restrictions of an added layer Under-trained or under qualified VMS staff Speed is emphasized over quality VMS fees born by the staffing firms Reduced quality of candidates due to cost pressures Why is Everyone so Unhappy? (more) Best Practices for a Contingent Labor VMS

Vendor neutral means a company doesn’t know who their top vendors are VMS is often used as a barrier to communication VMS should augment the staffing process, not replace it Fill ratios avg. 15:1 for VMS and 4:1 for non-VMS Information provided by the National Association of Computer Consulting Businesses (NACCB) Why is Everyone so Unhappy? Best Practices for a Contingent Labor VMS

So how do you implement a successful VMS? Best Practices for a Contingent Labor VMS

There are best practices you can follow. Best Practices for a Contingent Labor VMS

Some VMS Best Practices Include the hiring manager, staffing vendors and VMS staff in planning a VMS program. Provide a means for responsive communication between the hiring managers and the staffing firms. Encourage quality over speed. Track program performance and share it with vendors. Best Practices for a Contingent Labor VMS

ATR International, Inc. is a leading supplier of contract labor. There is much more to learn about best practices for implementing and using a VMS. In fact, too much to put in a slideshow. This is why we offer our free whitepaper to anyone who requests it. Proper VMS implementation is critical to the health and success of contingent staffing. For more information about VMS Best Practices, please login to our Resource Center for a free copy of our whitepaper. We look forward to helping you. Copyright© 2008 All rights reserved. Best Practices for a Contingent Labor VMS

Vendor Management Systems Best Practices

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Vendor Management Systems Best Practices