Achieve a 360 business view in just 4 weeks!
Through our contingent workforce assessment our data experts help you uncover hidden efficiencies and gain valuable real-time insight into your workforce operations to make informed decisions
The 4 Pillars of Effective MSP Programs
We optimize your contingent labor spend through our assessment process, which is a comprehensive understanding of your organization’s existing processes focusing on four pillars: cost, risk, quality and diversity.Â
What you receiveÂ
Through our comprehensive current state assessment, you will gain valuable real-time insight into your contingent workforce operations enabling you to make informed decisions, identify areas of improvement and ultimately drive success in business.
Vendor Capability Report
Discover the suitability, capabilities and strengths of your current vendors
Current Workforce Snapshot
A detailed overview of your workforce, including their roles, locations, and contract types.
Cost Analysis
An analysis of each vendor’s markup rates and cost structures, enabling a cost-benefit comparison.
Recommendation Report
Gain comprehensive recommendations based on data, discover your suitability for an MSP/VMS program.
Business Case
Develop a business case for your workforce needs, including projected benefits, potential cost savings and risk assessments.
Your Assessment in 3 Simple Steps
Step 1. Discover crucial review elements
Headcount
To get started, we will need to obtain an accurate count of your contingent workforce across different locations and labor categories through client spend data (if available) and supplier RFI’s.
Current spend
Evaluate your expenditure on contingent labor, including rates, fees, screens, terms and overall costs
Business rules and processes
Document the existing rules, guidelines, and workflows governing contingent workforce management.
Identifying known inefficiencies
Understand the bottlenecks, challenges, and areas where your current processes fall short.
Capturing pain points
Document the issues, concerns, and feedback from internal stakeholders regarding contingent workforce management.
Step 2. Data input into WRAP
Workspend will input all collected data into WRAP (Workspend Reporting & Analytics Platform) such as headcount, turnover, skill sets, classification mix, cost structures, and financial metrics & compliance/business requirements by supplier and location.
We will provide a full suite of reporting analytics, along with actionable insights. Full access is granted to the WRAP platform for review of analytics, and all data will be provided.
Step 3. Review Comprehensive Business Case
Based on the collected data and analysis, a comprehensive business case will be provided. This will include projected benefits, potential cost savings, and risk assessments. Here is an overview deliverables:
Spend & Headcount
• 12-month spend and headcount reports categorized by vendor, location, and labor type.
• 12-month tenure reports categorized by vendor, location, and labor type.
• Analysis of diverse vs non-diverse spend.
Cost Savings Recommendations
•  Recommendations for cost savings categorized by vendor, location, and labor type.
• Market rate analysis on pay rates to ensure competitive compensation.
• Analysis of markup/bill rates with recommendations for optimization.
• Identification of additional cost-saving opportunities through thorough data analysis.
Risk Assessment
• Evaluation of onboarding procedures, including background checks, NDAs, and other client-required documents.
• Analysis of offboarding processes, including system and building access.
• Co-employment analysis to mitigate risks.
• Worker classification assessment covering W2 and 1099 statuses.
• Verification of adequate insurance through a Certificate of Insurance.
Quality Overview
• Turnover analysis distinguishing positive versus negative trends.
• Assessment of assignment lengths for optimal workforce management.
Supplier Diversity Program
• Recommendations for enhancing supplier diversity programs to foster inclusivity and broaden vendor options.
Why Workspend?
There is no cost associated with this contingent workforce assessment, and there is no obligation to engage with Workspend. The contingent workforce assessment will provide valuable insights into potential changes needed based on the data gathered.
Questions? Contact assessments@workspend.com
Tier-1 Diversity
• Workspend is proudly women-owned and led
• Certified minority/women business enterprise
• 100% of program spend categorized as Tier-1 diversity spend
Promote Engagement with Diverse Suppliers
• Provide opportunity for national and local diverse suppliers
• Establish Tier-2 diversity spend goals
Contingent Workforce DE&I
• Align corporate DE&I goals with the contingent workforce
• Establishing goals, monitoring progress, measuring outcomes, and driving continuous improvement