How to Reduce Employee Turnover in Your Contingent Workforce Program

Candidate turnover can be a significant challenge in contingent workforce programs, impacting productivity, morale, and overall costs. High turnover rates can disrupt projects and strain resources, making it crucial for organizations to develop effective strategies to retain top talent. In this article, we look at proven ways to reduce candidate turnover in your contingent workforce programs.

Here are 5 wats to reduce candidate turnover in your contingent workforce programs: 

1 - Robust Sourcing and Selection

Spending time up front on is a significant aid in sourcing and selecting the right candidate. These steps should include:

• Proper job description, articulating all facets of the role, nice to have and must have skills
• Clear description of cultural fit, hours, in office time and expectations
• Conducting vendor intake calls or sessions with your MSP or internal PMO
• Conducting interviews in a streamlined yet robust fashion
• Ensuring good candidate experience to retain high caliber talent through the process (poor experience leads to high quality candidates dropping out or taking other roles)
• Pay fair and competitive rates

2 - Enhanced Onboarding Processes

A comprehensive and engaging onboarding process is critical for integrating new contingent workers into your organization. Ensure that your onboarding program includes:

• Clear communication of job expectations and responsibilities
• Introduction to company culture and values
• Training and resources needed for success
• Regular check-ins during the initial period to address concerns and provide support

3 - Foster a Positive Work Environment with Open and Clear Communication

Creating a supportive and inclusive work environment can significantly reduce turnover. Focus on:

• Offer flexible and remote working opportunities
• Building a culture of respect and collaboration
• Recognizing and appreciating the contributions of contingent workers
• Providing opportunities for social interaction and team building – while being compliant for co-employment considerations
• Don’t treat contingent workers like second class citizens
• Clear communication on contract extensions and long-term timelines
• Access to information to effectively do their job

4- Measure and Analyze Turnover Data

Utilize a VMS to understand the reasons behind turnover can help you develop targeted strategies to address it. Use data analytics to:

• Track turnover rates and identify patterns both with vendors and internally
• Conduct exit interviews to gather insights from departing workers
• Monitor satisfaction and engagement levels through surveys and feedback tools
• Adjust your strategies based on data-driven insights

5- Strengthen Relationships with Staffing Agencies

Your staffing agencies play a crucial role in sourcing and managing contingent workers. Strong relationships, rapid process and fair market rates genuinely enhance your collaboration. Work with them to:

• Establish clear expectations and communication channels
• Provide feedback with some detail on the quality of candidates supplied
• Work together to address any issues that arise promptly
• Building long-term partnerships based on mutual trust and goals

Final Thoughts

Reducing candidate turnover in your contingent workforce programs requires a multifaceted approach that addresses the needs and expectations of your workers. By enhancing source and selection process, developing a great onboarding processes, offering competitive compensation, fostering a positive work environment, ensuring effective communication, analyzing turnover data, and strengthening relationships with staffing agencies, you can create a more stable and committed contingent workforce. Investing in these strategies will not only improve retention but also enhance the overall productivity and success of your organization.

Getting Started with a Vendor Management System

Learn more about the Benefits of a Vendor Management System and how to choose the right one for your organization. Download our Free VMS Buyer's Guide here:

Conexis VMS: The smart choice for Talent Acquisition leaders building the workforce of tomorrow.

Conexis VMS is purpose-built for organizations seeking to manage their contingent labor spend effectively. Here’s why we're the right choice:

• Fast Deployment: Get up and running in weeks, not months
• Transparent Pricing: Flexible pricing with no hidden costs
• White-Label Ready: Customize the platform with your brand
• Real-Time Insights: Make faster decisions with built-in analytics
• Audit-Ready Compliance: Store contracts, worker data, and rates in one secure hub
  

Discover more at Conexis VMS for Talent Acquisition

About Conexis VMS

Conexis is an award-winning Vendor Management System built for organizations that want the power of enterprise software without the complexity or cost.

Leveraging the latest technology, Conexis delivers the expertise, reliability and security of enterprise systems, while offering the flexibility, user friendliness and tailored, personal service you require. Learn more about our Company and why organizations Choose Conexis VMS. 

Looking to Switch Your VMS or Just Getting Started?

Whether you are looking to Switch your VMS, or just Getting Started, we are here to help. Contact Us for a Free No-Obligation Consultation, See how Easy Conexis is to use by taking a quick 2 minute Self-Guided Online Demo, or Book a Personal Demo Today!