Vendor Management Standards Committee Formed

The Human Capital Institute and a coalition of seven contingent workforce industry vendors announced today the formation of the Vendor Management Standards Committee. Advancing best practices and benchmarks for clients, COMSYS, Beeline, Allegis Group Services, Bartech Workforce Management, Comensura, MyBizOffice and ProcureStaff joined forces with the Human Capital Institute to develop and publish best practices and industry standards focusing on vendor management.

Here are some quotes from press releases on the Committee:

• "There is a great deal of confusion among buyers and industry insiders as to what constitutes a Managed Service Provider (MSP). The vendor management industry lacks consistency or standards around the services it provides."
  
  
• "We continue to see a substantial increase in the use of vendor management systems, especially with large- and medium-size firms nationwide . "
  


• "The Vendor Management Standards Committee will help to establish base standards that will serve as a fundamental set of expectations for any buyer who contracts with an MSP that adheres to the standards. "

More information can be found at the following link:

Vendor Management Standards Committee Formed to Promote Contingent Workforce Industry Best Practices. [Human Capital Institute]

Workforce Vision * Post: Bill Inman * Human Capital * Contingent Workforce * Globalization * Trends * Outsourcing