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How to Budget Your Contract Labor Spending

Written by admin on . Posted in Contingent workforce, Managed service provider, Vendor management software

Workforce management system

Business recruiters know that the right person is out there for the job, finding that person in a sea of resumes can be a challenge though. Recent findings suggest that U.S. employers are taking longer than ever to fill vacant positions, averaging around 25 working days to hire a new employee; companies with 5,000 or more employees typically have an even longer hire period of around 58 working days. Company spending for recruitment can reach up to $3,500 per candidate as recruiters must go through an average of 144 resumes for entry-level positions and 89 resumes for professional positions. Hiring third party workforce management services can help companies find qualified individuals while saving time and money in the workplace.

The Need for Workforce Management Solutions