Pillars of Contingent Labor Management

Based on our extensive experience and research we have established a well recognized methodology for assessment which is depicted by the pillars shown below. Each pillar represents a key area of contingent labor management. This categorization allows us to quickly delve into the different component details and diagnose any short comings and any areas of risk. Based on this we are able to build a tailored improvement plan to address your specific needs and requirements.

• Cost Containment - Contingent labor represents the highest variable cost behind a company’s products and services, making cost containment a glaring concern. Guidant audits the overall workforce value chain and uncovers potential cost savings. We apply market rate expertise and proven cost management processes and controls to deliver our clients the best qualified resources at the lowest possible cost, over both the short and long-term.
• Risk Mitigation - Managing risk impacts the cost, quality and cycle timing of a contingent labor program. Without a comprehensive risk mitigation program in place, your workforce planning model is unsustainable. Risk infractions represent significant fines, safety, and public relations problems that impact your ability to produce, market, and sell your products and services. And the frightening part? You may have hidden risk and have no idea it exists. Guidant’s solution illuminates the risk issues associated with contingent labor and mitigates it.
• Workflow Process Efficiency - Guidant instills and manages industry best practices for transactions associated with acquiring and administrating the contingent workforce. We provide enterprise-wide technology and operational services that incorporate quality and efficiency, and reduce operational burden on hiring managers, HR, Procurement, Legal, IT and Finance.
• Sourcing Strategies and Supply Management - Strategic sourcing is perhaps the most critical success factor in maximizing return on investment. A comprehensive sourcing strategy ultimately determines the cost, quality, and cycle times associated with your contingent workforce. A company needs to understand their labor utilization, how it changes over time, and how to source, qualify, and enroll a supplier pool with the competencies that best match its needs.
• Business Intelligence - A critical aspect in understanding labor resource needs is an ability to manage the data that flows between a company’s demand and supply for their contingent workforce. We turn that data into information and business intelligence and present it in a way that best supports management’s strategic decision making processes. This enables management to plan and utilize the contingent workforce more effectively.
• Technology Optimization - We focus specifically on those solutions that yield the greatest return on investment: workforce sourcing, acquisition, administration, and supplier management.

Learn more or contact Guidant Group Consulting Services at contactus@guidantgroup.com or 888.772.2094.