With the increasing trend in recruiting potential employees, many companies are looking to optimize their potential workforce management and realize significant benefits.

One idea is the use of a vendor management system. The Vendor Management System (VMS) is a web-based software application that acts as a mechanism for managing and recruiting talent through a staffing agency. By taking advantage of the right VMS technology, employees who need your managed service provider (MSP) can achieve greater efficiency, higher productivity, increased compliance, and higher cost savings through greater visibility.

VMS is able to automate processes that support employee recruitment, management, and payment needs, including requirements, time management and scheduling, expense management, payment and reporting.

Why is technology-neutral MSP important when implementing a VMS?

Not all VMS vendors or technologies are created equal. Some tolerate better results than others, and having a technology-neutral MSP is mandatory. (Agnostic) who will make informed decisions based on your unique business culture, needs and goals when giving advice and guidance.

An MSP that remains technology and vendor neutral can ensure that all decisions are made to support your real needs and maximize the value of your business.

Having a proper vendor management system is essential for your ROI. A technically neutral MSP will not own or operate a particular system or technology, but uses total neutrality in determining what your company should use. which platform

Transform your business with better VMS insights

To run a truly effective workforce management program powered by VMS technology, the workforce management must be supported by a neutral MSP to manage the process and ensure you have the best ROI. The best, best practice and best technique. All work to achieve your business goals. You can bring your workforce and supply chain orders to positively benefit and transform your business.

Startup Canada Day on the Hill is the largest national entrepreneurship event of the year, involving more than 1,100 top entrepreneurs, innovators, investors, industry executives and government representatives each year to elevate Canada into an innovative nation.

If you are considering this year, here are 10 reasons why you will find #STARTUPDAY exciting, inspiring and useful. Since the event was less than a month away, now is the time to arrange a trip to Ottawa and buy your tickets (EventBrite).

Startup Canada Day on the Hill is presented by BDC, Business Development Bank of Canada and Intech Canada to celebrate BDC Small Business WeekTM. It is hosted by Small Business and Tourism Minister Bardish Chaggar and is proudly sponsored. By UPS, MasterCard, Canadian Bankers Association, Lockheed Martin, CPAC, BCIP, BMO, VIA Rail, Rogers Communications, Best Western, CEDEC and Futurpinar.

Third, getting into the market for potential workers, also known as the gig economy, allows the company to be highly flexible. Help them adapt their employees to constantly changing internal and external conditions.

The latest COVID-19 scenario is a good example. Many companies have had to close people temporarily. Think about the restaurant industry. With bars and restaurants gradually opening up in some countries, these businesses are now required to take a break. However, they want to employ older employees. But they can only lay the workers necessary to maintain flexibility.

Fourth, with the increasing number of millennials and Generation Z, these workers will soon become the largest segment of the global workforce and do not have a traditional view of the relationship between employer and employee.

A 2017 study by Lovell Corporation found that 75% of workers in these generations plan to start their own business and more than 70% want their jobs to support their personal interests. Potential employment may be the only way for them to earn enough to be sufficiently flexible to work in their own business at the same time.

Potential labor trends

The potential labor trends described above (the lack of retirement skills, the need for flexibility in both employers and workers) have an impact on the so-called human capital structure of companies.

The figure below shows what happens in an organization’s human capital as an employment and employment relations model. However, if we look at the potential labor trends seen over the past several decades, we can see how this model changes.

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