2
Companies are expanding their strategies and
processes to better manage flexible talent,
often turning to providers of managed services
programs (MSP) and even broader integrated
talent solutions that cover flexible workers and
traditional employees alike. These solutions are
supported by and oftentimes integrated with
technologies such as applicant tracking systems
(ATS) and vendor management systems
(VMS), as well as related recruitment marketing,
candidate relationship management and talent
analytics tools.
Even with all these resources and technologies
in place, workforce decision-makers cannot
afford to stop expanding their strategic view.
This is because recent process and technology
innovations are creating new areas of workforce
engagement and management. Embrace
those innovations early and you will enjoy the
advantage of a larger supply of available talent.
Ignore them and you run the risk of falling behind,
as competitors secure talent from new sources or
apply new tools to drive speed, quality of results
and compliance.
Today, one important area of innovation is the
rapid emergence of human cloud platforms
(HCP) — specialized contingent workforce
management technologies that enable enterprises
to directly source (or identify) independent
workers and freelancers. According to McKinsey,
online talent platforms could add as much as
USD $2.7 trillion or 2% to global GDP by 2025.
At the same time, they could add 72 million
full-time equivalent positions.
