Don’t Leave Money on the Table: Strategies for Optimizing Contingent Labor Spend

Don’t Leave Money on the Table: Strategies for Optimizing Contingent Labor Spend

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With businesses spending approximately $800 billion annually on gig work, there’s a lot of money at stake, as well as opportunities for businesses to drive cost savings and maximize the value of their contingent workforces. However, companies may be unaware of the cost savings they can actually realize within their contingent workforce management programs. This session will examine four areas in which procurement professionals can save millions in hard dollar cost-savings for their organizations.

  • How to use analytics to understand worker costs, determine the best way to engage talent from both a cost and quality perspective and how and when to source talent
  • The cost advantages of self-sourcing strategies and how companies are leveraging technology and their own brand power to drive millions of dollars in annual savings
  • The benefits of selecting a vendor-neutral program and how it ensures a level playing field to create a competitive environment for sourcing labor
  • How to drive unmatched value and savings in SOW management via an MSP (e.g. benchmarking and negotiation) 

 

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