white
paper
Contingent workforce complexity is growing. Organizations are
increasingly turning to a more diverse pool of flexible talent to
execute mission-critical tasks. As they do so, one class of workers has
become especially important in the mix. Statement of Work (SOW)
contractors can account for a significant portion of a contingent
workforce program's spend, but many companies lack consistency
of engagement and oversight, resulting in cost inefficiencies and
inconsistent results.
To remedy this, buyers of Managed Services Programs
(MSPs) have begun incorporating more aspects of SOW
spend into their MSPs. In doing so, they impose the same
rigor and governance that have been applied to other
parts of their flexible workforce, creating significant
opportunities for savings and accountability.
According to Staffing Industry Analysts (SIA), MSPs
reported 25% growth in SOW spend for 2014, the latest
year for which data was available. While growth has
slowed in North America, this portion of the market is
still expanding more quickly than most.
SOW talent poses a different set of challenges
for both contingent talent leaders and their
MSP providers. In this white paper series, we'll
examine the unique requirements of managing
SOW workers and how you can optimize results
to support your workforce strategies. We'll share
insights to help you:
• Better leverage SOW talent throughout your
organization
• Gain visibility into spend and manage it
strategically
• Build a business case for integrating SOW into
an MSP
managing SOW contractors and consultants:
a growing priority
www.randstadsourceright.com