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FOR IMMEDIATE RELEASE

COMPANIES ARE BECOMING MORE DEPENDENT ON CONTINGENT LABOR, ACCORDING TO REPORT SPONSORED BY GUIDANT GROUP

Aberdeen Group Reports MSPs Such As Guidant Group Will Become Increasingly Important To Manage Contingent Labor Programs

HOUSTON, July 20, 2010 — With nearly 60 percent of companies becoming more dependent on their contingent labor programs over the next two years, The Contingent Labor Management 2010 Report, published by the Aberdeen Group, found that companies will have a greater number of Statement-of-Work (SOW), Independent Contractors (IC) and services-based work employees.

The report, sponsored by Guidant Group Inc., a managed services and talent acquisition consulting company, takes an in-depth look at how companies can better manage their ever-expanding contingent workforce, including ICs and SOWs. It suggests companies can manage their contingent workforce by exhibiting spending control and securing a quality contingent workforce as they focus on:

  • Key performance metrics required to derive value from temporary workers

  • Core technologies and solutions that help leverage, track and organize contingent spending and labor, such as Managed Service Providers (MSP), Vendor Management Systems (VMS) and Independent Contractor Engagement Specialists (ICES)

"Since the modern contingent labor program has evolved to become more complex, it is only appropriate that companies utilize the proper tools to gain intelligence around their spending and utilize that information to forecast and budget for the future," said Christopher Dwyer, Aberdeen Group research analyst, in the report.

The companies that are considered "best-in-class performers" drive a 76 percent higher cost savings on contingent labor spending, achieve a 45 percent higher labor rate policy compliance than all other organizations and rate their contingent worker quality higher than their peers.

"The cost savings achieved by best-in-class performers in the Aberdeen Group report are available to any company that makes the strategic decision to implement a more comprehensive contingent workforce management program," said Jennifer Beck, Senior Vice President and Managing Director, Guidant Group. "A number of Guidant Group customers, including Service Corporation International, University of Southern California and Northeast Utilities have seen reduced costs with their temporary workforce while streamlining their contingent labor processes."

Read the Contingent Labor Management 2010 Report.

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About Guidant Group, Inc.

Guidant Group is a managed services and consulting company dedicated to developing comprehensive and integrated talent acquisition programs for its clients. Please visit www.guidantgroup.com for more information.

Media Contacts:

Brad Leone, Pennebaker Fifth Ring for Guidant Group, 713-963-8607, brad@fifthring.com

Angelica Nelson, Pennebaker Fifth Ring for Guidant Group, 713-457-2125, angelica@fifthring.com


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