VMS

In the dynamic landscape of the contingent workforce industry, vendor management systems (VMS) have emerged as powerful tools for organizations seeking to optimize their workforce management and tap into a diverse pool of skilled professionals.

According to a recent Staffing Industry Analyst report, over 81% of companies with more than 1,000 employees in the US use a Vendor Management System (VMS).

Over 15 years of practicing vendor neutrality has recently got me wondering if it's still necessary. Here's how it played out in my journey.

In today's world of healthcare nurse staffing, success is all about speed, and making placements quickly and easily hinges on the tools and vendor management technology used.

Technology owned by a competitor won't get your nurses placed the fastest. Only vendor-neutral solutions will.

The workplace has been evolving to include more external workers. With the ongoing pandemic, more organizations are using non-employees who are flexible and can be accessed on-demand. The gig economy has morphed into technology-based human capital solutions that connect enterprises with talent.

The benefits of a workforce management platform in staffing (improved efficiency, increased revenue, and reduced risk) are hard to dispute. Even Gartner suggests 60% of global midmarket and large enterprises will have invested in a cloud-based Human Capital Management (HCM) suite by 2025.

Independent contractor compliance has no borders. Governments everywhere are taking steps to tighten requirements that organizations must follow when they use independent contractors and freelancers.

The pressures of providing quality care in today's increasingly complex healthcare environment often drives hospitals, health systems, and other healthcare facilities to fill positions as quickly as possible. In doing so, many providers risk bringing inexperienced or mismatched staff members into their team.