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Turning Economic Challenges into Employment Opportunities

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In the coming year, workforces will increasingly be comprised of different combinations of insourced and outsourced talent. Developing a flexible and cost-effective labor strategy should be a priority. When can you rely on in-house resources, and when should you use a contingent labor force? Consider labor automation.

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The “People Supply Chain:” How to Get Work Done Despite Shortages, Scarcity and Rising Costs

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A better strategy is to procure labor from a combination of sources — just as companies obtain materials from a mix of onshore, nearshore and offshore. Developing a variety of sources is key. Here, employers can apply supplier relationship management concepts to talent relationship management. The same holds for talent.