the benefits of a contingent workforce management program

The Benefits of a Contingent Workforce Management Program

Eastridge Blog posted by Molly Delattre on October 9, 2019

To ensure the highest return on investment, your most effective contingent workforce program should be comprised of the right workers, with the right skills, at the right time, and at the most competitive costs. 

Achieving all the “right” elements for your contingent workforce program in a harmonious balance is easier said than done. It’s essential that your workforce management processes are streamlined, efficient, and cost-effective to maximize your company’s return on effort. 

Optimizing a contingent workforce management program can allow you to fully leverage your entire workforce, your existing employees and contingent workers, all while streamlining operations, reducing wasted time, cutting costs, and giving you the data and insight you need to make smart hiring decisions for today and the future. 

Just in case you’re still not convinced of the benefits, here are a few more reasons to implement a contingent workforce management program. 

Create more time for core business competencies
An optimized contingent workforce management program can free your managers from time-consuming contingent workforce administrative tasks. With less time consumed on employee attendance, contracts, and other routine tasks, your managers can focus on boosting employee productivity to help you save money on labor costs.

Save on administrative costs
Implementing efficient processes for the scheduling, paying, and management of your contingent workforce will help you reduce your administrative costs in a major way. By centralizing your administrative processes in a single contingent management program you will also improve your big-picture business efficiencies. Time is money, and the time you save will equate to an ROI of money saved.

Make informed decisions with visibility
Without a contingent workforce management program in place, it’s incredibly difficult to make cost-effective decisions for today and the future. Partnering with an expert Managed Service Provider will provide your company with real-time reporting. Visibility into the performance of your workforce ecosystem can lead you to improve quality, increase productivity, operational efficiencies, and save time, all of which will lead to reduced costs.

Powered by our proprietary technology, Eastridge Cloud™, Eastridge provides global management and process efficiencies for your contingent workforce ecosystem. Contact one of our experts today to learn more. 

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