Millions of young Americans are experiencing a “quarter-life crisis.” They understand that the economy and the nature of work have changed forever. Talent today want more bang for their buck. They want to leave a mark, make a contribution, have a purpose. In short, they’re seeking a calling more than a career. They crave meaning, autonomy, and exploration. Managing one’s vocation successfully is no different than managing a business. And that’s why the contingent workforce has the power to[...]
I’m about to head home from an incredibly productive and inspiring week at Contingent Staffing 2016. The conference is vital to the workforce industry because procurement professionals are becoming more influential leaders in organizations of all kinds. Their roles are evolving beyond purchasing. These experts are taking on responsibilities that encompass business intelligence, talent analytics, growth strategies, risk and compliance, and much more. Leading procurement organizations are seeking new ways to extract more value from the global supply base, which includes establishing collaborative outsourcing and service acquisition strategies to replace traditional models that encourage zero-sum or win/lose scenarios. As a result, there will be a greater emphasis on forging and sustaining long term supplier relationships.
If you’ll be attending ProcureCon’s Contingent Staffing 2016 Total Talent Management event, you may hear a lot about scope creep, tail spend and SOW. In many ways, they’re interrelated issues. Scope creep occurs when a project is not properly defined, documented or controlled. This leads to unexpected changes, delays and soaring costs as the project balloons into a continually expanding beast. Tail spend refers to spend in the organization that’s not actively being managed across the usual labor categories. More often than not, both of these issues reside in the world of Statement of Work (SOW) projects. SOW is truly the next frontier for procurement. However, capturing this lucrative and competitive piece of the market poses some challenges. By enlisting a Managed Services Provider (MSP), procurement leaders can reap the rewards SOW has to offer.
This July 4, the United States celebrated 240 years of independence from the British Empire. Interestingly, Britain sought to secure its own independence from the European Union just days before, in the now infamous Brexit vote. Freedom from the shackles of big governance isn’t just the rallying cry we hear in today’s political theater, it’s become a mantra chanted by millions of skilled workers. These are the professionals inspiring and fueling the steady growth of the gig economy. For procurement leaders, this is a hot topic. Our CEO, Sunil Bagai, will be addressing attendees at ProcureCon’s Contingent Staffing 2016 Total Talent Management summit in Atlanta. One of the big discussions on the agenda is how procurement can unlock the “world’s largest talent pool,” which the on-demand economy has created. We believe that staffing professionals hold the key.