What is the business of managing contingent or contract labor called?

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

Top 5 Benefits and Risks of Outsourcing

WORKFORCE VISION: The cost advantages of outsourcing functional areas, of nearly any organization, seemly continue to outweigh the drawbacks. Rising wages and declining service quality should stabilize as global penetration of outsourcing matures. Until that time it is recommended that companies research their potential outsourcing vendors deeply (including references) in order to minimize their change of failure.

PricewaterhouseCoopers in their outstanding report "Key Trends in Human Capital - A Global Perspective - 2006" report outline their top 5 Benefits and Risk of Outsourcing:

Key Trends in Human Capital - A Global Perspective - 2006. [PricewaterhouseCoopers]

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

The Future of Staffing is Crowdsourcing

In my humble opinion the future of staffing lies in Crowdsourcing. Individual recruiters in local markets, with local connections and local talent pools will be able to recruit for open positions much faster and less expensive than the branch staffing and internal HR department models of today.

To better understand crowdsourcing and how it may impact talent acquisition I recommend watching this video of Don Tapscott, best selling author of Wikinomics: How Mass Collaboration Changes Everything, as he speaks at a recent tech conference. Also view the website of Cambrian House, the Canadian Crowdsourcing company that hosts the video. If you don't have time to watch the whole video I recommend moving ahead to the 36th minute where the evolution of Crowdsourcing is explained:

00:36:17

Economic Revolution. Crowdsourcing as natural extension of decreasing transaction costs which have been steadily dropping ever since industrial age. Industrial Age. Extended Enterprise. Business Webs. Mass Collaboration.

WATCH THE VIDEO HERE

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

Interesting Contingent Workforce blog posts for the week of March 1 - 7th

Bill Gates: Skilled foreign minds needed in US or competitive ...

6 hours ago by Bill Inman ... so the nation can double the number of graduates in those areas by 2015. See the whole story at the financial times here. Workforce Vision * Post: Bill Inman * Human Capital * Contingent Workforce * Globalization * Trends * Outsourcing. Workforce Vision - http://workforcevision.blogspot.com/index.html [ More results from Workforce Vision ]

Japan’s newly contingent workforce

5 Mar 2007 by z One of the key reasons for the rise of depression, dissatisfaction and malaise in modern Japan is the changing nature of work, and the decline of community within Japan. I’ve just read a piece by Masahiko Ishizuka, originally published ... AsiaFile - http://www.shuttingoutthesun.com/wordpress

Levi Strauss & Co. To Participate in Contingent Workforce ...

5 Mar 2007 Original post by Levi Strauss & Co. and software by Elliott Back. RetailInsider.net - http://www.retailinsider.net

HOME BASED BUSINESS - THE CONTINGENT WORK FORCE!

3 Mar 2007 by Howard Hanson Many of these individuals became a part of what has come to be called the contingent workforce. The contingent workforce consists of temporary, part-time, contract and leased employees along with people who simply decided the time was ... HOME BASED BUSINESS COMMUNITY - http://homebasedbusinesscommunity.blogspot.com/index.html

Albany Acquires eWork Services to Expand US Contingent Workforce ...3 Mar 2007 by HR Marketer
MOUNTAIN VIEW, CA—March 1, 2007—Albany, a leader in global contingent workforce management services, announced the acquisition of eWork Services, Inc., a specialist in contractor payrolling services and 1099 compliance. ...
Breaking Human Resource News - http://www.hrmarketer.com/~blog/index.html

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

Human Capital - 5 Questions with Capital H CEO Weinfurter

Daniel Weinfurter, CEO of rapidly growing HRO/RPO Capital H, recently discussed the value of human capital to today's succesful companies with The Houston Chronicle. Here are the five questions asked of him by L.M. Sixel of The Houston Chronicle along these lines.

Q: What is the most significant trend in human resources today?

A: I'd say it's the realization, finally, that the people, regardless of the business you are in, end up being the only sustainable competitive advantage. So you better get the people part of your business right. People have always talked about product, strategy and technology, and those are important. But all of those and others are dependent on the people to get them right.

Q: Executives are fond of saying, "Our people are our most important asset." Do CEOs really believe that, or is it just lip service to the politically correct thing to say?

A: I think most CEOs on an intellectual level would agree that people are their most important asset. The actual behavior, though, varies widely. To really gauge a CEO's belief that people matter, you have to look at what they do in more difficult times.

It's easy to have a positive approach when everything is going well, but what happens when business conditions become more difficult or the business situation changes, and does the CEO really place the right level of importance to staying connected with the people to execute the strategy?

Companies can spend hours and hours analyzing the numbers, but nowhere near as much time is spent analyzing the capabilities of the management team, the culture and the softer aspects that ultimately drive the success of a business.

Q: What's on the mind these days of the human resources manager?

A: The human resources manager wants to be viewed as wanting to help drive the strategy of the business and how they help in that role. It's no longer strictly concerned with benefits, retirement and compliance.

Q: Why don't most human resources executives have a place at the board table?

A: I'd say that many do, and the trend is increasingly moving in that direction. Their ability to really get a seat at the table is largely based on demonstrating what they do impacts the results of the business — putting an organizational structure in place with the right people to execute the strategy of the business.

Just managing health care costs doesn't cut it, even though it's an important activity.

Q: Why do people change jobs? Is it money, a lack of challenge or something else?

A: There are two to three primary reasons. More often than not, people quit their boss, not the company or the job.

Second would be the nature of the work is no longer interesting or challenging. Third, they don't believe in the vision or the integrity or the values of senior management.

Well down the list is pay, even though it's often cited as the primary cause. That's because it's objective and easy to explain. But in our view it's not a root cause.

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

Meet the 2007 Global Services 100

Global Services, an integrated media brand servicing corporate professionals engaged in the sourcing and management of business and technology services, recently provided their list of the world's most innovative providers (prepared in conjunction with neoIT ). These providers are, for the most part, business outsourcing services working within 11 different functions; including IT, Call Center, Managed Services, and Engineering.

Company	CEO	URL
24/7 Customer	P.V. Kannan	www.247customer.com
Accenture	Bill Green	www.accenture.com
Affiliated Computer Services	Lynn Blodgett	www.acs-inc.com
Augmentum	Leonard Liu	www.augmentum.com
Auriga	Alexis Sukharev	www.auriga.com
Bleum	Eric Rongley	www.bleum.com
Caliber Point	Ashok Bildikar	www.caliberpoint.com
Cambridge Solutions	Chris Sinclair	www.cambridgeworldwide.com
Capgemini	Paul Hermelin	www.capgemini.com
CGI Group	Michael E. Roach	www.cgi.com
ClientLogic	David Garner	www.clientlogic.com
Cognizant Technology Solutions	Francisco D'Souza	www.cognizant.com
Convergys	James F. Orr	www.convergys.com
Covansys	Rajendra B. Vattikuti	www.covansys.com
CPM	Antonio Carlos Rego Gil	www.cpminternational.com
Darwin Suzsoft	Dan Ross	www.darwinsuzsoft.com
DataArt	Michael Zaitsev	www.dataart.com
DBA	Danilo Meth	www.dba.com.br
Dextra Technologies	Daniel Chavez	www.dextratech.com
e4e	Somshankar Das	www.e4e.com
ea Consulting Asia Pacific	Chin King Wong	www.eacap.com
EDS	Michael H. Jordan	www.eds.com
EPAM Systems	Arkadiy Dobkin	www.epam.com
Etech	Dilip Barot	www.etechinc.com
ExlService Holdings	Vikram Talwar	www.exlservice.com
FCG Software Services	Subramaniam Ramachandran	www.fcg.com
Freeborders	John Cestar	www.freeborders.com
Genpact	Pramod Bhasin	www.genpact.com
Globant	Martin Migoya	www.globant.com
HCL Technologies	Shiv Nadar	www.hcltech.com
Headstrong	Arjun Malhotra	www.headstrong.com
Hispanic Teleservices	Alberto Fernandez	www.htc.to
HTC Global Services	Madhava Reddy	www.htcinc.com
Hinduja TMT	Partha D Sarkar	www.hindujatmt.com
I.T. United	Cyrill Eltschinger	www.ituc.com
IBA Group	Sergei Levteev	www.iba-it-group.com
IBM	Samuel J. Palmisano	www.ibm.com
ICT Group	John J. Brennan	www.ictgroup.com
i-flex solutions	Deepak Ghaisas	www.iflexsolutions.com
Infinite Computer Solutions	Upinder Zutshi	www.infics.com
Informatica Integral Empresarial	Antonio Velasco	www.sinersys.com.mx
Infosys Technologies	Nandan M Nilekani	www.infosys.com
Innominds Software	Rao Vemula	www.innominds.com
Intelenet Global Services	Susir Kumar	www.intelenetglobal.com
Intetics	Boris Kontsevoi	www.intetics.com
ITC Infotech	Sanjiv Puri	www.itcinfotech.com
Kepler - Rominfo	Petrisor Guta	www.kepler-rominfo.com
Knoah Solutions	Myneni	www.knoah.com
Lason	Ronald D. Risher	www.lason.com
Lohika Systems	Daniel Dargham	www.lohika.com
Longtop	Eric Liang	www.longtopinternational.com
Luxoft	Dmitry Loschinin	www.luxoft.com
marketRx	Jaswinder S. Chadha	www.marketrx.com
Mastek	Sudhakar Ram	www.mastek.com
MERA Networks	Dmitry M. Ponomarev	www.meranetworks.com
Microland	Pradeep Kar	www.microland.com
MindTree Consulting	Ashok Soota	www.mindtree.com
Mistral Software	Anees Ahmed	www.mistralsoftware.com
Motif	John Coker	www.motifinc.com
MphasiS	Jaithirth Rao	www.mphasis.com
NCO Group	Michael Barrist	www.ncogroup.com
Neoris	Claudio Muruzabal	www.neoris.com
Ness Technologies	Raviv Zoller	www.ness.com
Neusoft Group	Jiren Liu	www.neusoft.com
NIIT SmartServe	Paul Barrow	www.niitsmartserve.com
Objectiva Software Solutions	Douglas Winter	www.objectivasoftware.com
Ocwen Financial	William C. Erbey	www.ocwen.com
OfficeTiger	Randolph Altschuler and Joseph Sigelman	www.officetiger.com
Outsource Partners International	Clarence T. Schmitz	www.opiglobal.com
Patni Computer Systems	N.K. Patni	www.patni.com
Perot Systems	Peter Atlabef	www.perotsystems.com
Polaris	Arun Jain	www.polaris-america.com
Politec	HÉlio Oliveira	www.politec.com
Promantra Synergy Solutions	Praveen Vadlamudi	www.promantra.net
QuEST	Ajit A. Prabhu	www.quest-global.com
Sapient	Jerry Greenberg	www.sapient.com
Satyam Computer Services	B. Rama Raju	www.satyam.com
Scicom (MSC) Berhad	Leo Ariyanayakam	www.scicom-intl.com
Sierra Atlantic	Raju Reddy	www.SierraAtlantic.com
Sinapsis Technologies	Gerardo Rodriguez	www.sinapsis.com
SnT Global	David Wong	www.sntglobal.com
SoftServe	Taras Kytsmey	www.softservecom.com
Softtek	Blanca TreviÑo	www.softtek.com
Sonata Software	B. Ramaswamy	www.sonata-software.com
SPI Technologies	Ernest Cu	www.spi-bpo.com
StarSoft Development Labs	Nick Puntikov	www.starsoftlabs.com
Stream	Toni Portmann	www.stream.com
Summit HR Worldwide	Ranjan Sinha	www.summithrww.com
Sutherland Global Services	Dilip R. Vellodi	www.suth.com
Symphony Services	Gordon Brooks	www.symphonysv.com
Syntel	Bharat Desai	www.syntelinc.com
Tata Consultancy Services	S. Ramadorai	www.tcs.com
TransWorks Information Services	Atul Kunwar	www.transworks.com
Unisys	Joseph W. McGrath	www.unisys.com
vCustomer	Sanjay Kumar	www.vcustomer.com
Vee Technologies	Chocko Valliappa	www.veetechnologies.com
Vsource Asia	Jack Cantillon	www.vsourceasia.com
Wipro Technologies	Azim H. Premji	www.wipro.com
WNS	Neeraj Bhargava	www.wnsgs.com
Zensar Technologies	Ganesh Natarajan	www.zensar.com

Meet the Global Services 100. [Global Services - Rusty Weston]

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