Labor costs are generally the highest indirect spend category for most CPOs. Yet cost is not the only factor when addressing labor spend; candidate quality, time to fill open assignments and worker retention also play important roles. The presenters discussed the factors needed to balance these competing goals and the growing need for relevant market rate data to support business decisions in the acquisition and retention of contingent labor. They also shared their contingent workforce strategies and address the business challenges, internal process changes and best practices of using automated technologies to support expected business outcomes.
Topics covered in this session included:
- About benchmarking in real-time and eliminating RFPs
- About using competitive rates to enable suppliers to source better candidates
- How to reduce process cycle times and overall spendHow to improve supplier performance management
Categories: 2015 Fall - Huntington, Summit Presentations
SRC Type: Benchmarking and Analysis, Procurement Operations, Talent Management