Webinar: Managing Contingent Labor Spend in Volatile Markets
In this webinar, ProcureAbility discusses the pandemic’s impact on contingent labor. We discuss aspects of remote workforces and the continued rise of the gig economy. Gartner’s Survey notes that 32% of organizations are replacing full-time employees with contingent workers as a cost-saving measure*
ProcureAbility compares the following pricing models and when to use each:
1. Max bill rate
2. Markup on pay rate
3. Open bill rate
4. Fixed rate by job title / geography
Next, examined, are the best practices for contingent labor savings, the importance of standardizing supplier contracts and the benefit of closely managing overtime to control costs.
Finally, we explore improving supplier performance via the 10 most common KPIs as measured by the benchmarking study’s respondents.
*Gartner Survey of 800 HR Workers, June 2020