You may not have thought much about your vendor management solution, but did you know it can cut your company’s risk significantly? Effectively managing your staffing providers is the best way to ensure you have all the right tools in place for success. So, how can a VMS reduce the risk for your business? Here are just three things to think about.
Having a vendor management system in place will allow you to increase visibility of your contingent workforce. This will give you the advantage of being able to track hours, performance and more to ensure your company is mitigating risk when it comes to working with a temporary staff. In some cases, especially if you’re dealing with multiple sources for your contingent talent, you need to be consistently aware of the spend as well as the production quality.
A VMS will also give you fingertip access to data points that can help you make important business decisions based on the productivity and expense of each of your contingent employees. If you’re working with multiple staffing agencies, it’s important to have access to this data on a regular basis, and rather than source through multiple tech solutions, it needs to be in one convenient place.
Certificate and License Verification
Also, when it comes to industries where licenses or certifications are required, such as healthcare or technology, it’s critical you are able to see these credentials at a glance. While your staffing partners should be able to provide verification, there may be instances where you need to double check or demonstrate your compliance without having to get your agency partner involved.
Are you concerned about your business risk?
About Anserteam Workforce Solutions
The ANSER to your North American workforce management needs starts with A-Team solutions. Anserteam is the alliance of North American staffing and employment resources. Since 2004, Anserteam has grown to service over 1,500 locations across the United States and Canada. Are you a best-in-class staffing firm looking to increase your client base and secure a greater market share? Find out how to become part of Anserteam.