Utmost for Contingent Workforce Program Owners
Contingent workforce program owners need a solution that can engage, manage, and report on critical worker data for non-employees. This means skills, cost, location, and spend. They also need a system that can scale quickly to meet the demands of their program and business initiatives. Without it, they are unable to help leaders make strategic business decisions when it comes to their total workforce.
Why Is Total Workforce Visibility So Important?
As the owner of your contingent workforce, you are responsible for supplier relationships, capturing significant cost savings, mitigating risk, filling critical roles, and reporting it all up to your executives.
Without a single system of record to manage contractors, freelancers, independent contractors, SOW-based workers, gig workers, and outsourced providers globally, it's impossible to so.
- Only around 6% of spend is currently being captured by a traditional Vendor Management System (VMS)
- Low program adoption can cost millions of dollars a year in lost savings, misclassification risk, and losing highly-skilled talent
- Meeting the demands of the business by finding new sources of talent
Click to read more in this blog.
Getting Work Done with Utmost Front Door
Maarten Hansson, Head of Integrated Workforce Management at Novartis, and Conor Halpin, Head of Sales here at Utmost, discuss the importance of a guided buying decision process and the functionality of Utmost Front Door.
Organizational Self Assessment
As a contingent workforce program owner, are you lacking a scalable approach to manage and report on this critical population? Are you able to deliver visibility into cost, skills, spend, certifications, and detailed work history across the entire workforce, allowing your organization to plan for the future? In order to know for sure, here are a few questions to consider. If you can't answer these questions, don't worry, you're not alone.
Even with a contingent workforce program in place, many organizations struggle to understand or capitalize this workforce simply because they don’t know what they don’t know.
Can you calculate the number of extended workers?
This includes freelancers, gig workers, independent contractors, consultants, outsourced workers, and SOW workers -- all from one single system?
Do you have visibility into your workers' skills?
It's important to understand the skill sets you’re lacking across your workforce and workers that may need to be reskilled to keep up with market demands.
Do you have one unified way to bring in talent across the entire organization?
Today, it’s not about an employee or non-employee. There are freelancers, staff augmentation workers, SOW project-based consultants, gig workers – the list goes on and on. Add to that talent pools, direct sourcing, staff suppliers, and consulting firms who bring talent into an organization. It becomes critical for one single, consistent place to request work – however that talent is engaged. This enables total workforce visibility, “in-the-moment” labor decisions, and access to increasing talent channels.
Do you know what your extended workforce spend is?
The ability to report on and provide predictive analysis about your total talent spend, including your extended workforce, is critical for accurate workforce planning.
Are you able to track diversity, equity & inclusion?
Visibility into DE&I metrics across your entire workforce means you're not missing out on the benefits of a diverse contingent labor population. It also means you know where you're achieving success and what may need attention.
It’s time to level up your contingent workforce program
Learn how Utmost is transforming the VMS to enable contingent workforce owners, HRBPs, and strategic organizations to get the most value out of their programs.
User adoption is the foundation to your extended workforce success (and yours)
In order to gain program adoption, technology must be configurable with little support needed, purpose-built for all types of labor and scalable to account for global growth.
Utmost gives you the ability to have total workforce visibility
The Most From Your All
The use of external labor on the rise. The opportunity to extend an organization’s existing HCM investment using Utmost to bring visibility to that spend is here.
Now, you can:
- Avoid worker misclassification with Front Door
- Achieve total workforce planning
- Leverage one view across the entire workforce
Join the CW Visionary Slack Community
A place for curated, lightly moderated conversations for Contingent Workforce Program Owners moderated by CW Program Owners.
Tune in to our podcasts
Listen to episode on Contingent Workforce Radio where we discuss contingent workforce program management and HR operations.