Geoff Talbot, Vice President, Member Services, Sourcing Interests GroupPrint This Page
SIG has experienced an increased level of interest around talent—specifically in the areas of Talent Sourcing, Outsourced Talent and Talent Management. As a result, we hosted a variety of sessions on these topics at our 2012 events, including our Summits, Webinars and Roundtables, which addressed many of the trends and best practices associated with managed sourcing/outsourced services, contingent workforce, contract and program compliance and related concepts.
Based on conversations with many SIG members/thought leaders in the Talent Management space as well as subsequent research, current trends suggest that by 2015, over 50% of an organization’s sourcing budget may be devoted to talent requirements across categories that can be classified as “non-employee resources” such as: call centers, offshore outsourced requirements, IT services, legal, accounting and functional resources supplied as independent contractors or contractors in a different form.
In large part because of economic pressures, companies will continue to create flexible workforces in which resources are engaged over a specified period of time under an invoice, Statement of Work (SOW), or third party arrangement. Procurement, however, is not always involved in the process. There continues to be a challenge within organizations as to who owns these spend categories because often they reach multiple departments without a clear line of sight into all resources being provided by third parties or directly as independent contractors.
Several SIG provider members who are experts in the Sourcing Talent space, met while at the 2012 Leadership Summit in Arizona. The group discussed many of the current and potential challenges associated with Talent Management Sourcing. The outcome of that meeting, as well as the increased number of abstracts SIG has received on related topics results in a general consensus that the SIG community is seeking opportunities to benchmark, collaborate and share best practices on these important issues.
As a result, with help from a few members, SIG developed and administered a survey designed to benchmark the ownership and management of labor/talent (professional, contractor, project-based, services and temporary staff) spend. Topics for our query included Current Trends, Category Ownership, Vendor Engagement as well as Risks and Challenges.
Some of the key findings include: Percentages of anticipated spend increase, those using a VMS or MSP (or planning on using/changing), category ownership and compliance considerations associated with independent workers.