Allowing employers to tend talent pools like a garden, a VMS provides a comprehensive list of eligible candidates who could fill niche roles at your company. These talent pools can be tailored by industry and are customizable to help support hiring managers as they seek out top-tier talent to fill upcoming roles. With more companies looking to borrow skills, the contingent workforce provides a seemingly endless talent pool to choose from. This allows employers to continue to prioritize matching roles with the best worker for the job and expand their skills-based hiring while staying agile as business needs change.
Offering tenure compliance, employee performance metrics, global pay rates, and more, a VMS becomes a one-stop shop for all external workforce sourcing and hiring. This data is all compiled into a single source of truth that employers can rely on to be accurate and easy to access. By leveraging these extensive sourcing features, hiring managers can focus on specific skills they need for any specialized teams, new business initiatives, and continued success.
In addition to sourcing and hiring, a VMS offers a wealth of tools for managing the external workforce after an employee has started with a company, making it easier than ever to get an end-to-end view of the extended worker lifecycle.
Enabling a Critical Workforce and Business Strategy
By leveraging and embracing the contingent workforce, companies can adapt quickly and close skills gaps faster, allowing them to reach their goals even during times of frequent economic change. By providing their HR and procurement leaders with more opportunities to hire external workers, executives are able to improve their skills-based hiring.
While matching workers to niche skills gaps continues to present challenges, the contingent workforce provides the necessary talent pool and agility needed to borrow talent and achieve business goals. External workers are a vital asset to any company looking to stay competitive in today’s market—and beyond.