What is the Role of Procurement in the Contingent Workforce? Watch this insightful video from the "Ask The Expert" educational series hosted by Jeff Nugent, Contingent Workforce Strategies as he discusses this topic with Wayne Burgess, Co-Founder of Conexis.
Conexis VMS, a leading provider of modern vendor management systems (VMS), is proud to participate in the "Ask The Expert" educational series hosted by Jeff Nugent, Contingent Workforce Strategies (CWS) which features topics of interest to the Contingent Workforce Industry.
Watch this episode of the series as Jeff and Wayne discuss the topic: "The Role of Procurement in a Contingent Workforce Program".
Ask the Expert: "The Role of Procurement in The Contingent Workforce"
Join us as we answer compelling questions asked by Industry Leaders including:
- What is the Role of Procurement in a Contingent Workforce Program?
- Procurement or HR? Who should own a Contingent Workforce Program?
- How can Procurement help HR?
- How can Procurement help integrate HR and TA into a Contingent Workforce Program?
- What Advice would you give to Procurement starting a new Contingent Workforce Program?
Watch the full video below here (20 min), or scroll past the video and read our summary of the key points discussed. Watch the video: Here
What is the Role of Procurement in a Contingent Workforce Program?
Procurement’s role is all about delivering value to the organization, and defining that value is critical. Regardless of what you are trying to achieve as a procurement professional, you need to know the value you are bringing to the business.
When it comes to the contingent workforce, you need to drill down into the value drivers of your organization. It’s likely you have a hiring manager that’s requesting high-quality people, who fits their budget and shows up to deliver. Combine this with the corporate goals of mitigating risk, control requirements, and policy requirements. This is where you can define the value of your procurement role in contingent labor.
Procurement or HR? Who should own a Contingent Workforce Program?
An increasing number of organizations are transferring the ultimate ownership of contingent labor to HR, but procurement still has involvement here. Procurement professionals should stay in their lane, but still deliver their expertise and value where required. It should be a team effort with both HR and procurement adding their skills and expertise to the program.
How can Procurement help integrate HR and TA into a Contingent Workforce Program?
Ultimately, no matter who owns the contingent workforce program, the team is responsible for delivering high quality people within a budget, and in an efficient manner that meets the demand of the organization. With this in mind, procurement must work with HR and talent acquisition (TA) to implement a program that delivers real value.
What Advice would you give to Procurement starting a new Contingent Workforce Program?
The understanding part is the first step, it gives you a focus and a work path to start learning. A good tip is to meet with the big spenders and heavy users, so that you can gain a better understanding of their paint points. This can help you to get one or two quick wins that will help you get peers on board and, as you move forward, having that influence on your side will help you succeed in driving positive change within the organization.
Learn More about Contingent Workforce Management
- 15 Contingent Workforce Statistics you need to know in 2024
- Everything You Need to Know about Contingent Workforce Management
- How to Take Your Contingent Workforce Program to the Next Level
- 5 Tips to Reduce Turnover in Your Contingent Workforce Program
- 4 Key Metrics That Will Improve Your Temporary Workforce Management Program
- How Vendor Management System Software Lowers Contingent Workforce Cost
- 3 Ways Contingent Workforce MSPs can add Value to Their Clients
- VMS & MSP Adoption: The Keys to Successful Contingent Workforce Adoption
- 5 Ways to Mitigate Contingent Workforce Compliance Risk
- How a Poorly Designed VMS can negatively impact your Contingent Workforce Program
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