Talent Tip #18: Integrated Workforce Management Streamlines Staffing, Saves Money

Brought to you by SourceRight Solutions

Has talent acquisition and management in your company become so fragmented that it’s hard to keep track? Does a unified strategy seem completely out of reach? With many workplaces now staffed with a mix of permanent, temporary, contingent and contract workers, a lack of coordination and transparency may seem inevitable.

But there is an alternative. A growing number of companies are turning to Integrated Workforce Management, and a number of providers are stepping in to provide these services.

While Integrated Workforce Management strategies vary depending on the provider and client needs, they usually incorporate some combination of Recruitment Process Outsourcing, Managed Services and VMS. A smaller number of providers offer Workforce Compliance programs to ensure that the employer meets its legal and insurance obligations, among others.

The trend toward Integrated Workforce Management is driven by a realization that a decentralized approach has substantial limitations. By failing to unify hiring efforts, companies are missing important opportunities to save money, gain leverage and flexibility, increase productivity and gain a competitive talent advantage.

Because Integrated Workforce Management is a fundamental shift for many organizations, it often has to be initiated and driven at the senior levels. While it is likely to become a preferred staffing model over time, every company may not be an immediate candidate.

To assess whether a company would benefit from Integrated Workforce Management, decision-makers can consider these key issues:

• What are the core benefits and competitive "talent" advantage that can be captured through the implementation of Integrated Workforce Management?


• What are the fundamental organizational changes required to implement an Integrated Workforce Management methodology and best practices?


• What are the potential savings and risk-mitigation benefits that can be achieved?

As the workplace becomes more complicated, Integrated Workforce Management is emerging as an important strategy to achieve better results at a lower cost with fewer administrative complications. Right now, forward-thinking providers and their clients are driving the trend.