Contingent labor is any worker that is not considered a permanent hire
The relationship between staffing providers, businesses, Managed Services Providers and the labor force is changing. We are using our 25 years of staffing expertise to build lasting value for companies by serving as a key supplier of qualified employees.
Contingent labor can be recruited or "direct sourced"
Traditionally, contingent labor resources were recruited and payrolled by either the hiring company or a 3rd party vendor, such as IPM. In today’s economy, the concept of contingent labor has expanded to include client “pre-identified” or direct sourced resources. This is an incredible way for end-clients to save money and recruiting fees.
WHY A COMPANY SHOULD CONSIDER UTILIZING PRE-IDENTIFIED LABOR
Unlike traditional recruited job placements, pre-identified or direct sourced labor creates several benefits for the end-client.
- Managers have increased autonomy over who they hire and what the pay rate is for that position. In many cases, the talent has worked for the manager or team in the past.
- Cost savings is achieved and onboarded happens quickly to get the resource working.
- Pre-negotiated margins create important transparency between the 3rd party vendor and end-client. There are no surprises in billing. The client identifies the pay rate for the resources, knowing exactly what the bill rate will be based on the set mark-ups.
While traditional, recruited staffing is many times the only option, pre-identified workers are a growing resource in the labor market. They bring a known skillset to the end-client and the hiring manager. Clients who utilize a quality, reputable 3rd party vendor like IPM to process and manage its pre-identified labor experience less turnover allowing the client company to focus on its core expertise.
The contingent labor world is one of dynamic decision making, execution and needed flexibility in an evolving global economy. Just because a workforce is contingent does detract from the need for predictable outcomes and committed team members. Dependability of contingent labor, especially in project critical fields like IT and engineering, is still an essential goal.
When fulltime employment does not make business sense, companies are increasingly turning to proven suppliers of contingent and contract resources.
IPM’s top to bottom “White Glove” approach and open communication ensures the greatest stability while maintaining the needed flexibility of our clients and their workforces.