You’ve probably heard the term future of work? This is an expression that defines how companies have, and are, adapting to current market conditions. The primary factor driving the future of work is the growth of the contingent workforce.
To adapt to the future of work, organizations must change how they manage both their workers and the vendors they use to source them.
To gain complete visibility and control over their workers and staffing agencies, companies simply must use a vendor management system (VMS) to better manage their externally-sourced workforce.
A VMS - also known as contingent workforce technology, extended workforce platform or non-employee management system - is a technology software platform that helps facilitate the process of externally-sourced workforce procurement, vendor relationship management and contingent workforce management.
Organizations that invest in a vendor management system are able to realize significant VMS benefits such as complete visibility of their externally-sourced workforce, improved vendor management and performance measurement, reduced workforce costs, greater efficiencies and the ability to ensure compliance.
Today’s businesses are changing the way in which they fulfill their workforce requirements. An increasing number of organizations are turning to staffing vendors to improve the quality and speed in which they expand their workforce.
A vendor management system can help a business transition into the future of work by:
Companies are engaging a larger number of contingent workers than ever before to access the best talent and source candidates quickly. By giving organizations total transparency over their workforce, a VMS helps ensure that businesses are fulfilling their workforce requirements through a range of different talent acquisition methods.
The future of work relies heavily around using externally-sourced workers to become agile, but that doesn’t mean companies should only hire contingent workers. Some vendor management systems can also help companies manage permanent positions hired through a staffing agency.
Another factor driving the future of work is the increased amount of data that’s helping companies to drive more strategic decisions. The use of a VMS gives businesses insightful data into the performance of their staffing agencies, helping them make better decisions moving forward that improve the quality and speed of acquiring top talent.
Conexis VMS 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 VMS 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 what makes Conexis VMS different.
Conexis VMS is trusted by staffing agencies, MSPs and leading organizations to modernize and manage their contingent workforce programs. Here's why organizations choose Conexis VMS:
We work with teams at every stage, from first-time buyers to companies replacing outdated platforms that can't keep up. Either way, we'll show you what a modern VMS looks like, up and running in under 30 days.