This matrix/tool will help you classify services spend as:
- Independent Contractor-Labor Service
- Staff Augmentation/Agency Temporary
- Consultant
- Outsourced Vendors
Using the criteria:
- Company’s interest in work
- Direction and control
- Type of work
- Access and equipment
- Payment and billing
- Contract type
- Process of engagement
- Term
- Taxation
- Risks
- Time limitations
- Other factors
Would be good for a playbook for classifying spend for augmented staff/contingent labor or professional services/consultancy.
Contributors: SIG
Categories: Tool
SRC Type: Benchmarking and Analysis, Policies, Procurement Operations, Sourcing, Strategy, Talent Management, Talent Optimization