BOSTON, MA--(Marketwire - November 12, 2009) - Contingent labor has fast become a reliable
strategy to overcome tough economic times, assisting enterprises in filling
temporary roles to consistently conduct business. However, with economic
recovery on the horizon, enterprises must ensure that they are managing
this complex category of spend properly to mitigate risks and drive
business value, according to a new study published by
Aberdeen Group, a Harte-Hanks Company
(
NYSE:
HHS).
The "
Contingent Labor Management: Best-in-Class
Contingent Workforce Strategies for 2010...and Beyond" report, which
surveyed the strategies, performance, and key capabilities and technology
utilization of nearly 200 enterprises, found that the majority (60%) of
organizations are currently planning for their 2010 contingent labor
workforce program in anticipation of a rush of demand for their products
and services in the new year.
Because of the heightened attention around temporary labor, as the new
study indicates, enterprises must be cautious in their management of this
complex category of spend. "Contingent labor has risen as the most viable
workforce option of the past few years," said Christopher Dwyer, research
analyst and author of the study, Aberdeen. "However, the overarching risks
of co-employment and federal audits have resulted in enterprises looking to
outside solutions, such as MSPs, VMS technology and Independent Contractor
Engagement Specialists (ICES), to continually drive performance within this
complex category."
The new report found that leading enterprises have readily leveraged
outside contingent labor solutions (MSP, VMS, ICES) to not only drive an
88% higher rate of compliance to federal, regulatory and state labor
policies than Laggard organizations, but to also achieve a 1.3 times faster
time-to-fill rate while attaining 16 times higher cost savings on
contingent labor spend. These top performing enterprises are:
-- Nearly 80% more likely to outsource management of contingent labor to
an outside solution or program
-- 76% more likely to standardize contingent labor processes
-- 42% more likely to have an internal review process for labor policy
compliance
A complimentary copy of this report is made available due in part by the
following underwriters: Guidant Group, IQNavigator, MBO Partners, and
Monument Consulting. To obtain a complimentary copy of the report, visit:
http://www.aberdeen.com/link/sponsor.asp?cid=6046.
Visit
Research.Aberdeen.com for
additional access to complimentary
Global Supply Management Research.
About Aberdeen Group, a Harte-Hanks Company
Aberdeen provides fact-based research and market intelligence that delivers
demonstrable results. Having queried more than 30,000 companies in the
past two years, Aberdeen is positioned to educate users to action: driving
market awareness, creating demand, enabling sales, and delivering
meaningful return-on-investment analysis. As the trusted advisor to the
global technology markets, corporations turn to Aberdeen for insights that
drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in
context for the global direct and targeted marketing company. Aberdeen's
analytical and independent view of the "customer optimization" process of
Harte-Hanks (Information - Opportunity - Insight - Engagement -
Interaction) extends the client value and accentuates the strategic role
Harte-Hanks brings to the market. For additional information, visit
Aberdeen or call (617) 854-5200, or to
learn more about
Harte-Hanks,
call (800) 456-9748.
© 2009 Aberdeen Group, Inc., a Harte-Hanks Company
451 D Street, Suite 710
Boston, Massachusetts 02210-1928
Telephone: (617) 854-5200
Fax: (617) 723-7897
www.aberdeen.com
Contact Information: Media Contact:
Christopher Dwyer
Aberdeen Harte-Hanks
(617) 854-5280
chris.dwyer@aberdeen.com