You can’t manage what you don’t measure – says the old business axiom, and most successful organizations. As you examine the key performance indicators (KPIs) of your contingent workforce, it’s important to know exactly what it is you should be measuring and the factors that drive a successful program.
Performing a maturity assessment of your contractor payroll program is key to determining whether your organization has the attributes needed to ensure risk mitigation and really drive cost savings.
Engaging Independent Contractors is practiced as a strategic outsourcing tactic around the world. Yet, contractor payroll is a complex, time consuming process and any oversights will result in non-compliance, which could lead to serious fines and negative employer branding.
You have an Approved Vendor List (AVL) for contract staffing. What happens when you want to acquire resources through vendors that are not on your AVL? Are you allowed to do so? Do Legal and Procurement help or hinder the process?