The contingent labor management software is the automation helping in the engagement, managing, and driving stakeholder collaboration for the integrated platform. With the growing number of people willing to work for a part-time position, efficient management of the contract labor workforce is required. The software helps in addressing the role-based staffing process. It enhances productivity, efficient staffing process, and mitigates various types of risk in workforce management in an organization.This growth is primarily driven by Rising Number of People Willing to Worl Part-time or in Temporary Positions and Demand for Automation in Hiring Better Candidates in Lesser Time According to the Desired Skills.
Globally, a noticeable market trend is evident Integration of Employment Centric Platform in Contingent Labor Management Software to Handle Big Data. Major Players, such as SAP SE (SAP Fieldglass) (United States), Coupa Software Inc. (United States), Oracle Corporation (Oracle HCM Cloud) (United States), Ramco Systems. (India), Beeline (United States), PeopleFluent (VectorVMS) (United States), PRO Unlimited Inc. (United States), CEIPAL Corp. (United States), EverHive Corporation (United States) and Crowdstaffing (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 9th June 2020, VectorVMS, a leading vendor management solution (VMS) that helps organizations manage their contingent labor spend, announced its new partnership with WillHire, a direct sourcing organization driving change in the way organizations source talent. This partnership brings decades of shared expertise together to offer a better way to recruit and manage top contingent talent.
On 12th January 2021, PRO Unlimited, a global innovator in contingent workforce management, announced the acquisition of PeopleTicker, a leader in compensation data specializing in contingent labor rates and hiring intelligence globally. The companies' combined technologies enable HR, talent acquisition, procurement, and compensation professionals to access strategic insights and market-rate benchmarking to better attract and retain talent while reducing costs.
- Rising Number of People Willing to Worl Part-time or in Temporary Positions
- Demand for Automation in Hiring Better Candidates in Lesser Time According to the Desired Skills
- Integration of Employment Centric Platform in Contingent Labor Management Software to Handle Big Data
- Regulatory Compliances with the Contingent Labor Management Software
Emerging Changes in Talent Acquisition Technology will Boost the Contingent Labor Management Software Market
Technical Problems Like Supportability and Glitches Associated with Contingent Labor Management Software
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