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For many organizations with mature contingent workforce programs, significant efficiencies have been gained over the past 10 years by leveraging Vendor ManagementSystems and/or Managed Service Providers. As such, Direct Sourcing is becoming the leading trend in contingent workforce management today. Seems like a lot.
Before exploring the many reasons organizations benefit by hosting and conducting their international payroll on the cloud, let’s start with a brief introduction to the cloud. What is cloud computing? In some earlier drawings to illustrate this it looked like a cloud, hence the name. Billion by 2027.
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As we look forward to that future, I’ll discuss why this acquisition is different from others in the vendor managementsystem (VMS) space, how we plan to avoid the mistakes made in similar VMS acquisitions, and where we’re headed next. As a result, extended workers now account for 36% of the entire U.S.
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