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Randstad Sourceright Series Part 1 of 3 - Managing SOW Contractors and Consultants

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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

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