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Randstad Sourceright TTQ Q4 Report

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| 9 breaking down silos Having implemented an RPO solution five years ago and then an MSP solution two years later, biopharmaceutical firm UCB is now breaking down the silos and moving to an integrated talent model that considers all work arrangements for its business needs. overcoming barriers to adoption If the benefits are clear and there is broad agreement that an integrated model will have long-term gains, why haven't more organizations embraced it? In most organizations, historically contingent talent has been managed by procurement, while permanent hires are administered by HR. But this is changing with more jointly owned programs. An integrated program breaks down silos and requires buy-in at many levels, including the C-suite. Because integration is a journey, this model takes time to fully implement; for that reason, it is also a long-term investment. Finally, this approach asks internal customers (hiring managers) to rethink how they utilize talent, necessitating a cultural change as well. There are many considerations when implementing an integrated talent model, but a deliberate approach that is well-supported by internal champions at the executive level can help ensure success. To begin, employers should consider all possible work arrangements for each role they need to fill. This can be accomplished through the use of talent advisors working closely with business leaders and hiring managers, much like what UCB is implementing. Some organizations are already well positioned to adopt an integrated approach. Whether through an internally managed contingent workforce program or an outsourced MSP, these companies have the foundation to build a holistic model. By first organizing their flexible talent, they can then take steps to integrate permanent hiring into the program. Conversely, employers that currently use an RPO to manage permanent hiring can integrate contingent talent into the mix. A key consideration of an integrated model is the technology required to support a comprehensive view of talent utilization. There are many pieces, but one of the most important is an analytics platform that collects all of the data generated from the employer's applicant tracking system (ATS), its vendor management system (VMS) and other technologies that capture worker information. Most major HR management systems still lack integrated ATS and VMS functions, but that's why an analytics platform can drive success; it gathers business intelligence and facilitates informed decisions. Analytics can consolidate all of an organization's human capital data and make it more easily understood through a user-friendly dashboard. Everything we do at UCB starts with the question of how can we improve the lives of people living with severe diseases, and our whole operating model is built around that. And that basically means the skills and competencies that we need are, in many cases, very specific and, in some cases, are [on] short notices ... It's really our challenge to find the right talent at the right time. Wietse Nauwelaerts global purchasing lead UCB Wietse Nauwelaerts, global purchasing lead, explains that by integrating the company's permanent recruitment and contingent talent procurement approaches into one program, UCB is able to deploy the right talent more quickly to hiring managers. Watch the video here, courtesy of NextConomy.

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