Sovereign Solutions Workforce Management Consultation services can optimize your contingent workforce
The on-demand, flexible workforce that contingent workers represent is a growing part of most organizations – as high as 35% by some estimates, and growing year-after-year. That being said, most organizations can be better prepared to deal with the complexities and intricacies of managing this often disparate workforce, spread across multiple departments, divisions and locations throughout organizations.
The challenges are compounded by a fundamental lack of visibility of headcount and spend, leading to process inefficiencies, waste and excessive time to fill key positions.
Sovereign Solutions Workforce Management Consultation help you determine how to better access, retain and manage a fully optimized contingent workforce, as well as protect your business against the inherent risks of misclassification and co-employment that are part and parcel of working with contingent workers.
OUR AREAS OF CONTINGENT WORKFORCE ADVISORY EXPERTISE:
Here are just a few areas in which our Sovereign Solutions’ consultants can provide advice, drawing on years of experience working with organizations large and small from varying industries:
Cost reduction strategies
Proven cost reduction and savings methodologies are available to help you achieve your cost savings objectives. With the help of our industry insights, experience and extensive knowledge of the total contingent workforce ecosystem, Sovereign Solutions can unlock these large savings opportunities for your organization.
Optimizing the contingent procure-to-pay process
A well-designed contingent workforce management program starts with a best-in-class procure-to-pay process. From selecting the type of worker to sourcing the work competitively among your vendors, all the way to selection, management and payment, Sovereign Solutions can support you in designing an optimal process to achieve your management objectives.
Contingent workforce sourcing strategies
We can help you gain access to additional talent acquisition and sourcing channels to gain a competitive edge in the human capital market. From competitively sourced workers, talent pools, to freelance management strategies, remote workers and Statement of Work (SOW) instruments, Sovereign Solutions can help you find the best model for your organization.
Risk management strategies for directly / self-sourced contractors
Whether you hire Independent Contractors (IC/1099) or Temporary Workers (T4/W2s) directly, we can analyze and assess your current processes to help ensure that you are keeping an arms-length relationship with these directly sourced workers. In today’s changing labor economics, these worker types are coming under increasing scrutiny by government bodies, and Sovereign Solutions can advise you on risk-reducing strategies and the implementation of best practices.
Staffing supplier (vendor) management
We go beyond basic supplier management practices. Sovereign Solutions can help you source new suppliers or rationalize your current supplier base. Our extensive vendor-neutral experience in negotiating vendor agreements, discounts, rate cards and managing vendor performance, position us as a leader in this field.