What are companies thinking about their contingent labor? Yves Lermusiaux provides the following statistics:• 92 percent cite inconsistent costs and a lack of price control a primary “pain point” with their current contingent labor workforce.
• 69 percent are highly concerned about their organ ization’s compliance with industry regulations such as Sarbanes-Oxley, SEC, FDIC, etc.
• 66 percent are highly concerned about employee misclassification and co-employment risk.
• 50 percent do not know if their company has ever defended itself against a lawsuit associated with contingent labor.
• 33 percent could not report which, if any, department holds primary responsibility for minimizing their company’s risk and liability as it relates to contingent workforce management.
• 21 percent could not estimate their company’s current annual spending for contingent labor in the U.S.
• 18 percent could not estimate the number of suppliers currently providing contingent labor to their company.
Contingent Workforce Management Trends. [Sarbanes-Oxley Compliance Journal - Yves Lermusiaux]
Workforce Vision * Post: Bill Inman * Human Capital * Contingent Workforce * Globalization * Trends * Outsourcing
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