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Technology Sourcing
Contract Labor
Fortune 500 companies, on average, spend over $100MM per year on contract labor, much of it concentrated within IT and technology functions. Maintaining control over this spend is critical.
As companies have sought to increase profitability by reducing headcount and by outsourcing functions and processes, many of these organizations have become unknowingly dependant on contract labor. Companies turn to contractors for many reasons, including the need to accommodate workload peaks, fill service or process gaps resulting from poor outsourcing transactions, and as workarounds to hiring freezes. Although considered initially to fill a short term tactical need, contractors frequently become embedded in the organization and develop into high cost full time resources.
Our tested and proven contractor sourcing methodology typically results in savings of over 10%, with greater than 20% savings realized for some specific job classes. We have helped many of our clients obtain financial benefits in the tens of millions of dollars, as well as establish structures that enable streamlined processes for resource identification and qualification, resource fulfillment, on-boarding, time submission and payment. The end result facilitates ongoing contract labor management and benchmarking to ensure that labor costs remain competitive with market pricing.
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