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1099 Risk Blog

Contingent Labor Savings

Accounting Blog Directory

July, 14 2010
Posted by Jay Lash | Comments: (1)

As we settle in for an uncertain and lumpy economic recovery, everyone is looking for savings. And the word on the street is using contingent labor -- defined broadly to include staff augmentation, independent contractors, SOW consultants, and temporary workers -- saves businesses money. But conventional wisdom isn't always right. As Edward Deming once said, "In God We Trust, all others bring data." Staffing Industry Analysts just published their data benchmarks with the following statistics for annual savings attributed to the contingent workforce . . .

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Recent News

New Study Details Strategies for Managing the Contingent Labor Umbrella, Including Independent Contractors

August 12, 2010 -- New research on contingent workforce management from Aberdeen highlights a new trend in independent contractor and SOW consultant management: a dramatic increase in the use of Independent Contractor Engagement Specialists (ICES) that help businesses reduce the risks of engaging independent contractors and other contract workers, including misclassification and co-employment risk.

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New Research

Manazing the Complexities of the Contingent Labor Umbrella

This latest research from Aberdeen reports on the dramatic growth in the use of independent contractors, SOW consultants, and services spend, and gives insights on how Best-in-Class organizations are navigating the contingent labor landscape. This year, the report has an expanded scope to include new categories of spend in the contingent workforce, including project / services spend.

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Download MBO White Paper

Maximizing Talent, Minimizing Risk: Approaches for Compliant Independent Contractor Engagement

Conventional Contingent Workforce Management (CWM) approaches are weak when it comes to independent contractors. But recent innovations are being integrated into VMS/MSP programs with powerful results. This whitepaper shows how to focus on the root cause of independent contractor challenges, rather than symptoms, and reap significant risk mitigation. 

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