Are SOW Consultants Incorporated Into Your CW Program?
In our 2010 Contingent Buyer Survey, we asked respondents whether or not SOW (statement of work) consultants are incorporated into their contingent workforce program. More than one-third of respondents noted that such incorporation is in place today. Nearly half responded that the idea is "likely to be seriously explored within two years." In total, eighty-eight percent of respondents noted that such a program was either already in place or under consideration.
We estimate the total SOW market size to be three times as large as the temporary staffing market.
Although SOW is the larger market, VMS spend from SOW arrangements is less than half of VMS spend in temporary staffing.