On this weeks episode of The Art Of Procurement, my guest is Terri Gallagher and we discuss how procurement can optimize the management of temporary labor.
Terri Gallagher is President & CEO of Gallagher and Consultants, an advisory firm that help companies build and implement end to end workforce management strategies.
“Your workforce intermediary partner is going to be one of your most valuable assets, particularly when 25% or more of your workforce is now most likely temporary talent.”
In this episode, you will learn:
What makes up a contingent labor program
What is an MSP vs. a VMS
The minimum amount of temporary labor spend that a company needs to have before is makes sense to invest in a formal program with an MSP and VMS
Why the formal management of temporary labor through a contingent workforce program is becoming more of a necessity vs 5 – 10 years ago
What changes have there been in the workforce landscape and in organizations that make it critical to look at having the right strategy for optimizing as well as management of your total temporary workforce that may require engaging expertise that specialize in temporary workforce strategy
Benefits of utilizing technology and workforce intermediary expertise in outsourcing management of your temporary labor
How selecting the right workforce intermediary and technology mix contribute to bottom line results
What is the role of Procurement vs HR
Examples of where procurement have been particularly engaged in a way that brought value and not just processes
Examples that procurement and category leaders can do to positively influence the value that a company derives from its contingent labor program
Advice for someone in procurement who is going to market for an MSP and VMS solutions
