Unlock the Full Potential of Your External Talent
In today’s competitive market, external talent is essential for scaling quickly and closing skills gaps. Yet, managing this vital workforce effectively remains a significant challenge for many businesses. With rising costs, compliance issues, and hidden risks, can your organization afford to overlook the true potential of your external workforce?
Why External Workforce Management is Critical
Did you know that 5-15% of your workforce spend could be on contingent workers? For large organizations, this translates to $50M – $150M of your budget being directed toward temporary workers, freelancers, and services providers. However, most companies lack visibility and control over this spend—leading to significant risks and missed opportunities for value creation.
If you’re not actively managing this workforce, your business could be exposed to:
- Compliance risks – including labor law violations and tax issues
- Security breaches – improper access controls for sensitive systems and data
- Untracked spend – causing inflated costs and poor ROI
- Inconsistent performance – without clear benchmarks and quality tracking
Six Steps to Manage External Workforce Spend Effectively
We’ve identified six key actions that can help your organization reduce risk, control costs, and maximize ROI from your external workforce:
- Empower Business Units to Move at Speed
Quickly onboard qualified talent and scale up or down to meet business needs without delays. - Mitigate Risks (Cyber, Reputational, and Legal)
Secure your external talent and ensure compliance with labor laws and cybersecurity protocols. - Control Costs and Add Value
Leverage competitive labor rates, automate processes, and enhance procurement negotiations. - Ensure Compliance with Procurement Policies and Labor Laws
Stay ahead of complex regulations to avoid costly fines and ensure all contracts and rates are compliant. - Manage Services Spend Beyond the Financials
Look beyond cost to track performance, quality, and supplier diversity. - Close Skills Gaps
Collaborate with HR and Procurement to ensure the right skills are sourced when needed.
Why Choose SAP Fieldglass?
SAP Fieldglass is the industry-leading solution for managing your external workforce. Our platform helps you:
- Achieve Rapid Visibility – Access data through interactive dashboards and evaluate candidates quickly.
- Automate Key Processes – Streamline everything from onboarding to invoicing with built-in automation, reducing errors and improving efficiency.
- Ensure Compliance – Stay compliant with ever-evolving labor regulations across 180+ countries.
- Drive Cost Savings – Benchmark labor rates, negotiate discounts, and ensure accurate invoicing.
This article is posted at sap.com
Please fill out the form to access the content