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As contingent workforces grow, Workday unveils new tool to assist HR

HRExecutive

In 2009, slightly more than 50% of these companies adopted a VMS and in 2022 it jumped to 80%. Advertisement - On average, 36% of the workforce for Fortune 500 companies are non-employees and that figure is expected to rise to 50% by 2027, Shashank Saxena, co-general manager for Workday VNDLY, tells Human Resource Executive.

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Understanding the Ecosystem of Managed Direct Sourcing Suppliers

LiveHire

of the US workforce now comprises non-employees (i.e. With the rapid rise of the contingent workforce, there is a heightened need for business model evolution to keep pace with the demands of this changing dynamic. . As such, Direct Sourcing is becoming the leading trend in contingent workforce management today.

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Workforce Planning for Your Next Fiscal Year in a Time of Uncertainty

Cisive

Because the company had an emergency response team in place, they also had an opportunity to test it in 2009 when the San Antonio suburb of Cibolo became the first place in Texas with confirmed cases of H1N1, commonly known as swine flu. The personnel department studied how Chinese retailers were managing a workforce that was getting sick.

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Talent As A Critical Resource

ExactHire

The following quote I recently read sums it up nicely: “The changing workforce is influencing the way companies do business, suggesting that workforce stability will be an employer’s competitive edge.”-Roger Herman, CSP, CMC Today’s Workforce Demographic shifts have placed vital demands on talent.

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5 Things We Learned About the Future of Work From Heather McGowan at Thrive 2022

15Five

According to Heather, churn has been building since as early as 2009. To remain competitive, businesses are being forced to invest in safer, more fair environments for a more empowered workforce. We’re in the midst of the 4th industrial revolution.

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The Optimal HR to Employee Ratio

Analytics in HR

The HR to employee ratio is a useful tool for assessing the optimum capacity of HR in an organization. Technology. The first aspect that will influence your HR to employee ratio is the level of HR technology in the organization. employees per 100 people in the workforce. Contents What is the HR to employee ratio?

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HR KPIs: Guide, 20 Examples & Free Template

Analytics in HR

HR KPIs provide valuable insights that help improve decision-making, monitor workforce performance, and plan for future talent needs in multiple ways, such as: Aligning HR activities with business goals: HR uses KPIs to ensure that its strategies, like hiring or employee development, contribute directly to broader company objectives.