IQNsiders 2015: Ruminations from the Desert

May 8, 2015 | Leave a Comment By Diego Lomanto

It’s been a wild year in the HR, staffing and procurement world. The mainstream coverage of the booming freelance economy has shined a bright light on the contingent workforce world and spurred conversations around the country about how today’s organizations are preparing for the future of work.

There is no shortage of topics to discuss when it comes to modern day talent management and IQNavigator’s annual IQNsiders event turned out to be a perfect venue (not to mention the gorgeous Phoenix weather) to bring together the industry’s top contingent workforce and supply chain professionals. My company, Work Market, was among those that came out to discuss the changing world of work.

The conference started out with a bang (literally, with a Wild West cap gun simulation amongst other western-styled activities during the launch event) and the packed agenda provided plenty of opportunities to ponder emerging trends, conduct lively debates and share a slew of best practices. Some of my favorite sessions from the event:

● Work Market’s Co-founder, Jeff Wald, led a session exploring the emergence of on-demand talent pools. He detailed how they’re poised to transform how leading enterprises find, manage and engage talent in a modern world.

● IQNavigator’s Brian Hoffmeyer, VP, Product Marketing, shared impressive updates about their product innovation efforts and talked about company’s vision to develop the a fully-integrated VMS.

● An ecosystem experts panel generated some compelling insights about how ecosystem partners are working together to develop comprehensive talent management strategies designed to keep pace with a rapidly-evolving labor market.

● “The Future of Your Non-Employee Program” session led by IQNavigator’s CTO, Sherri Hammons and Taylor Allis, VP, Product Technology, explored changing societal dynamics and produced lively discussion about the role millennials will play in the workforce of the future.

The opportunity to connect directly with customers, partners and peers was maybe the ultimate highlight of the week. I want to commend the entire IQNavigator team on hosting a fabulous event and allowing us to tackle some pressing issues facing today’s contingent workforce professionals. Can’t wait for next year’s conference…see you in DC!

VMS 101: Are You Flying in the Fog?

May 4, 2015 | Leave a Comment By Louay Bachir

vms101Growing up watching my brother earn his pilot’s license, I was amazed at the level of detail and precautionary measures he would take throughout the entire flight process. Not to mention the technologies most aircrafts are equipped with to ensure a safe journey. I was most fascinated by how a pilot is able to successfully navigate an aircraft with little to no visibility due to external conditions. When utilizing the right technology the right way, a pilot is able to maintain enough control and visibility to make the necessary informed decisions to safely reach their destination.

So what does this have to do with managing your workforce—temporary and otherwise? When resources are spread across multiple business units and even geographies, how much visibility do you actually have? Research by Ardent Partners shows that on average, organizations only maintain visibility into 45% of their overall contingent labor. Continue reading

Head in the Sand

March 26, 2015 | Leave a Comment By Brian Hoffmeyer

In Monty Python’s classic movie, “The Life of Brian,” there’s a scene where one of Brian’s disciples “hides” from the Roman centurions, who are looking for them by putting his head in a basket, while the rest of his body remains visible. It makes me laugh every time I watch it. What this character is doing is effectively ignoring the (very real) problem at hand and hoping that it goes away.

I think that many large organizations do this with their contingent workforce. They don’t have a formal program in place to manage it; they’re not using a VMS, or – if they are – they’ve only captured a small percentage of their total addressable spend. As a result, they’re missing out; they’re not getting the right resources at the right time, cost, and quality. They’re leaving millions of dollars in savings on the table and exposing their organization to significant business and financial risks. Net-net, they’re not leveraging resources and services that are absolutely critical to getting product (whatever that product might be) out the door in the most optimal way. Continue reading

So, you are ready to take your program global…

March 18, 2015 | Leave a Comment By Dana Kauffman

As more companies bring non-employee spend under management and realize the benefits of a vendor management solution in their home country, attention shifts to expanding the program and realizing those benefits throughout the global business. I will be hosting a roundtable on this issue during IQNsider2015, but I want to share some thoughts in advance of the event.

One question we hear constantly is, “Where do we begin?”

Often, the best first step is to identify what aspects of your domestic program are providing the biggest value, and then compile a list of questions to help identify stakeholders, supply-base, systems, and data. Are your main objectives controlling costs, implementing standardized business processes, tracking spend, or ensuring compliance? Setting global program objectives up front lets you focus attention on acquiring better planning information which translates to a smoother path to a successful global launch. Continue reading

IQNavigator’s Product Roadmap: Brought to You by Our Customers

March 16, 2015 | Leave a Comment By Eric Riddle

The workforce is undergoing a sea of change, with more and more companies increasing their reliance on non-employee labor. As the workforce changes, so too should the tools that we use to manage that workforce.

At our IQNsiders event last year, we unveiled our product roadmap along with a timeline so that customers knew what to expect in terms of new functionality and understood when it would be in their hands. We are pleased to announce that IQNavigator reached key milestones, as promised, in our product roadmap with major platform enhancements that help companies manage their contingent workforce more strategically and efficiently. Continue reading

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