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What is contingent workforce management?

The contingent workforce—which includes freelancers, contractors, and temporary workers—plays a vital role in meeting short-term business needs, bringing specialized skills, and offering flexibility in labor costs. Managing this diverse group effectively is where contingent workforce management comes in. ...

What are the best contingent workforce management strategies?

The best contingent workforce management strategies involve implementing a Vendor Management System (VMS) to automate recruitment, payroll, and compliance, ensuring streamlined operations. TCWGlobal offers StaffingNation as a VMS, providing businesses with an efficient platform to manage their contingent workforce. ...

Why choose our contingent workforce management solutions?

Our contingent workforce management solutions are chosen for their expert-level implementation, which can be done quickly and inexpensively. They are also intuitive and easy to use. Our solutions have an immediate and lasting impact on contingent labor management. ...

What are the challenges of managing a contingent workforce?

Compliance Challenges: Misclassification of workers is one of the most significant risks when managing a contingent workforce. Businesses must ensure that they are correctly classifying workers as independent contractors or employees to avoid legal issues. ...

Why do you need a contingent workforce?

The contingent workforce is ideal for filling immediate gaps and accommodating brief increases in workload. The flexibility of contingent workers allows you to retain their services for a week or several months, depending on your needs. In many cases, a contingent worker’s services can be extended if your needs suddenly change. ...

What is a contingent worker?

Unlike traditional employees, contingent workers are hired on a project-by-project basis or for a specific period. This makes them an ideal solution for businesses facing fluctuating workloads, project-based needs, or skills shortages. ...