More Corporations are Using Technology to Manage Contingent Labor
MOUNTAIN VIEW, Calif., Oct. 25, 2011 /PRNewswire/ -- Staffing Industry Analysts surveyed 42 of the world's largest VMS/MSP companies for its annual 2011 VMS and MSP Competitive Landscape report. Now in its fifth year, the VMS and MSP Competitive Landscape report is part of Staffing Industry Analysts CWS Council Service and provides the most detailed and comprehensive insight into the experience, positioning, and capabilities of VMS and MSP suppliers.
The report revealed that corporations continue to become more sophisticated at managing temporary labor as well as other forms of services. The report shows a significant and continued increase in the use of technology. The complexity of the techniques applied by services providers has evolved to such a point that companies are now expanding their programs globally and including non-traditional labor categories such as Statement of Work (SOW) project services or high end consulting engagements through their vendor management systems (VMS).
One of the most important indicators of the report is spend under management. Spend under management is best defined as the total spend under management of all VMS and Managed Service Providers (MSP). This is the spend of contingent (temporary) labor that is being managed by a technology or alternative service.
Spend under management captured in the report grew from $66 billion in 2009 to $83.7 billion in 2010, a 26.8% increase. This reflects the strong growth that providers in the space have experienced as well as growing interest in the report from providers. Staffing Industry Analysts' research shows that companies of all sizes, in just about every industry, are utilizing MSP and VMS providers to manage their contingent workforce programs, and the penetration of MSP and VMS spend in the staffing market continues to increase. The report covers spend across the globe including the U.S., Germany, the Netherlands and France, some of the largest staffing markets in the world as well as developing markets such as Brazil, India or China.
Companies participating in the survey included:
Cross Country Healthcare
Contingent Workforce Solutions
DCR Workforce Inc.
Many of these companies are owned by the largest staffing companies such as Adecco's ownership of Beeline and Manpower's ownership of Tapfin.
About Staffing Industry Analysts
Staffing Industry Analysts is the global advisor on contingent work. Known for its independent and objective insights, the company's proprietary research, award winning content, data, support tools, publications, and executive conferences provide a competitive edge to decision-makers who supply and buy temporary staffing. In addition to temporary staffing, Staffing Industry Analysts also covers these related staffing service sectors: third-party placement, outplacement, and staff leasing (PEOs). Founded in 1989, acquired by Crain Communications Inc. in 2008, the company is headquartered in Mountain View, California, with offices in London, England. For more information: www.staffingindustry.com
SOURCE Staffing Industry Analysts