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  • VMS Market Developments: Part 1

    The Vendor Management Systems (VMS) landscape again saw expansions across the ecosystem supporting greater integrations with Human Capital Management (HCM) platforms as well as growing support for enabling online talent communities. Some have invested significantly in built-in talent community functions to support the self-sourcing of freelancers. AI and analytics continues to be a dominant theme in the market as well as expansions to source talent across all channels. Statement of Work (SOW) capability has also expanded including more integrations with e-procurement platforms.Challenges still exist in fully supporting the increasing interest in direct sourcing of contingent workers as not all platforms adequately support the streamlining of heavy administrative tasks such as interview scheduling. Interview scheduling one of the known administrative burdens of the process which is still mostly managed outside VMS systems.Included in this report are a number of VMS technologies that support parts of the process. Some are 100% vendor neutral platforms, which by design, give all suppliers and freelancers an equal chance of submitting candidates and profiles. These platforms do not support the creation of preferred supplier lists at all.  Other VMS technologies only support the sourcing, supplier management and reporting part of the process; invoicing is not done in the platform, instead third parties are used.Sourcing decisions of hiring managers are expected to broaden as the market tightens, to include SOW, permanent (direct) hiring as well as contingent hiring. Buyers can expect to see greater ATS, HR and finance integrations. As a result, the wider technology stack with a greater use of middleware to support integrations is likely to be an important factor when selecting VMS providers.SIA recognizes three distinct waves of VMS evolutionary waves: Wave 1.0: Supplier Centric Wave 2.0: Talent Centric Wave 3.0: Wave 3: Marketplace. Client and Data Centric Click the link below to download the report: VMS Market Developments - Part 1 20180405 - You do not have permission to view this object. […]

  • VMS Market Developments (Consolidated)

    This report consolidates the sub-reports listed below which were released over the course of 2017:Part 1 - Drivers, Innovations & Geographical Capability – Published in March 2017 VMS Drivers and Benefits VMS Developments: New Offerings VMS Provider Landscape and M&A Activity Vendor Geographical Capability Vendor Profiles Part 2 – Market Size and Growth – Published in July 2017 VMS Global Market Size and Growth Size by Region Market Size Spend by Work Arrangement and Sourcing Model         Spend by Program Type      VMS Functionality and Integration Adoption Funding & Pricing Models            Spend by Buyer Market Size           Part 3 - Market Differentiators - – Published in November 2017 Functionality and Technical Breadth Capability Ability to Scale and Geographic Reach Strategic Alignment to Wider Business Market Success and Collaboration Click the link below to download the report:  VMS Market Developments Consolidated 20171221 - You do not have permission to view this object. […]

  • MSP Market Developments (Consolidated)

    This report consolidates the sub-reports listed below which were released over the course of 2017:Part 1 - Drivers, Innovations & Geographical Capability, including: Executive Summary MSP Drivers and Benefits (including case studies) MSP Vendor Landscape MSP Developments – Investments in New Offerings and Delivery Capability MSP Vendor Geographical Capability and Targeting Vendor Profiles Part 2 – Market Size and Growth, including:  MSP Global Market Size and Growth Size by Region Market Size Spend by Work Arrangement and Sourcing Model         Spend by Program Type      MSP Service Adoption Funding & Pricing Models            Spend by Buyer Market Size           Part 3 - Market Differentiators, including:  Service Breadth Capability Geographic Capability Innovation and Investment Click the link below to download the report:  MSP Market Developments Consolidated 20171221 - You do not have permission to view this object. […]

  • RPO Market Developments

    RPO growth has been primarily driven by lack of internal bandwidth to support hiring needs and lack of ability to service niche challenging markets. Managing business expectations to meet time-to-hire expectations is becoming more challenging, particularly for professional and technical hires. Analytics is key to addressing not only the most efficient source of hire but also to set business expectations on candidate availability. Cost of hire is not the most important factor for buyers looking at RPO solutions.As a result RPO of interest from buyers, RPO growth continues to be strong, with global RPO revenue up 13% year-on-year in 2016. This segment continues to outperform the wider staffing market, which experienced growth of 5% in 2016 (SIA Report: Global Staffing Industry Forecast October 2017).A number of major service development trends are identified, of which are primarily driven by the environment of heightened talent scarcity, including: Trend 1: The Rise of Automated Sourcing and “Ready Now” Talent Pools Trend 2: The Candidate is King Trend 3: Growing Analytics and Benchmarking Sophistication Trend 4: Strategic Talent Acquisition Partner to Strategic Talent Management Partner Trend 5: Total Talent Acquisition Trend 6: Evolving Technology Stacks RPO services are often described by vendors as “end-to-end”, from sourcing to onboarding. In fact, 80% of the market is represented by this. However, there has been a growth in “sourcing & selection” only services (representing 20% of the market in 2016, up markedly from 12% in 2015).Besides offering market data and interviewing, RPO services have a heavy emphasis on talent pool management and supporting internal moves. RPO programs primarily focus on directly sourcing candidates, however some still rely on agencies and suppliers. Over 2016, there has been a notable increase in the adoption of video to support the process, now representing 19% of clients adopting this, up from 10% in 2015.Single country contracts represent the largest share of the market by client geographical scope, representing 59% of the total though RPO programs often support multiple regions and geographies. In 2016, 39% of the RPO market related to multi-country scope contracts with a sizeable proportion (approximately 18%) represents programs that cover three or more regions.The data and analysis included in this report is based on the results of a comprehensive survey of 24 RPO providers followed by an exhaustive line-by-line review of the findings.Click the link below to download the report: RPO Market Developments 20171215 - You do not have permission to view this object. […]

  • VMS Market Developments: Part 1

    The Vendor Management Systems (VMS) landscape again saw expansions across the ecosystem supporting greater integrations with Human Capital Management (HCM) platforms as well as growing support for enabling online talent communities. Some have invested significantly in built-in talent community functions to support the self-sourcing of freelancers. AI and analytics continues to be a dominant theme in the market as well as expansions to source talent across all channels. Statement of Work (SOW) capability has also expanded including more integrations with e-procurement platforms.Challenges still exist in fully supporting the increasing interest in direct sourcing of contingent workers as not all platforms adequately support the streamlining of heavy administrative tasks such as interview scheduling. Interview scheduling one of the known administrative burdens of the process which is still mostly managed outside VMS systems.Included in this report are a number of VMS technologies that support parts of the process. Some are 100% vendor neutral platforms, which by design, give all suppliers and freelancers an equal chance of submitting candidates and profiles. These platforms do not support the creation of preferred supplier lists at all.  Other VMS technologies only support the sourcing, supplier management and reporting part of the process; invoicing is not done in the platform, instead third parties are used.Sourcing decisions of hiring managers are expected to broaden as the market tightens, to include SOW, permanent (direct) hiring as well as contingent hiring. Buyers can expect to see greater ATS, HR and finance integrations. As a result, the wider technology stack with a greater use of middleware to support integrations is likely to be an important factor when selecting VMS providers.SIA recognizes three distinct waves of VMS evolutionary waves: Wave 1.0: Supplier Centric Wave 2.0: Talent Centric Wave 3.0: Wave 3: Marketplace. Client and Data Centric Click the link below to download the report: VMS Market Developments - Part 1 20180405 - You do not have permission to view this object. […]

  • VMS Market Developments (Consolidated)

    This report consolidates the sub-reports listed below which were released over the course of 2017:Part 1 - Drivers, Innovations & Geographical Capability – Published in March 2017 VMS Drivers and Benefits VMS Developments: New Offerings VMS Provider Landscape and M&A Activity Vendor Geographical Capability Vendor Profiles Part 2 – Market Size and Growth – Published in July 2017 VMS Global Market Size and Growth Size by Region Market Size Spend by Work Arrangement and Sourcing Model         Spend by Program Type      VMS Functionality and Integration Adoption Funding & Pricing Models            Spend by Buyer Market Size           Part 3 - Market Differentiators - – Published in November 2017 Functionality and Technical Breadth Capability Ability to Scale and Geographic Reach Strategic Alignment to Wider Business Market Success and Collaboration Click the link below to download the report:  VMS Market Developments Consolidated 20171221 - You do not have permission to view this object. […]

  • MSP Market Developments (Consolidated)

    This report consolidates the sub-reports listed below which were released over the course of 2017:Part 1 - Drivers, Innovations & Geographical Capability, including: Executive Summary MSP Drivers and Benefits (including case studies) MSP Vendor Landscape MSP Developments – Investments in New Offerings and Delivery Capability MSP Vendor Geographical Capability and Targeting Vendor Profiles Part 2 – Market Size and Growth, including:  MSP Global Market Size and Growth Size by Region Market Size Spend by Work Arrangement and Sourcing Model         Spend by Program Type      MSP Service Adoption Funding & Pricing Models            Spend by Buyer Market Size           Part 3 - Market Differentiators, including:  Service Breadth Capability Geographic Capability Innovation and Investment Click the link below to download the report:  MSP Market Developments Consolidated 20171221 - You do not have permission to view this object. […]

  • RPO Market Developments

    RPO growth has been primarily driven by lack of internal bandwidth to support hiring needs and lack of ability to service niche challenging markets. Managing business expectations to meet time-to-hire expectations is becoming more challenging, particularly for professional and technical hires. Analytics is key to addressing not only the most efficient source of hire but also to set business expectations on candidate availability. Cost of hire is not the most important factor for buyers looking at RPO solutions.As a result RPO of interest from buyers, RPO growth continues to be strong, with global RPO revenue up 13% year-on-year in 2016. This segment continues to outperform the wider staffing market, which experienced growth of 5% in 2016 (SIA Report: Global Staffing Industry Forecast October 2017).A number of major service development trends are identified, of which are primarily driven by the environment of heightened talent scarcity, including: Trend 1: The Rise of Automated Sourcing and “Ready Now” Talent Pools Trend 2: The Candidate is King Trend 3: Growing Analytics and Benchmarking Sophistication Trend 4: Strategic Talent Acquisition Partner to Strategic Talent Management Partner Trend 5: Total Talent Acquisition Trend 6: Evolving Technology Stacks RPO services are often described by vendors as “end-to-end”, from sourcing to onboarding. In fact, 80% of the market is represented by this. However, there has been a growth in “sourcing & selection” only services (representing 20% of the market in 2016, up markedly from 12% in 2015).Besides offering market data and interviewing, RPO services have a heavy emphasis on talent pool management and supporting internal moves. RPO programs primarily focus on directly sourcing candidates, however some still rely on agencies and suppliers. Over 2016, there has been a notable increase in the adoption of video to support the process, now representing 19% of clients adopting this, up from 10% in 2015.Single country contracts represent the largest share of the market by client geographical scope, representing 59% of the total though RPO programs often support multiple regions and geographies. In 2016, 39% of the RPO market related to multi-country scope contracts with a sizeable proportion (approximately 18%) represents programs that cover three or more regions.The data and analysis included in this report is based on the results of a comprehensive survey of 24 RPO providers followed by an exhaustive line-by-line review of the findings.Click the link below to download the report:  RPO Market Developments 20171215 - You do not have permission to view this object. &nbs […]

  • VMS Market Developments: Part 1

    The Vendor Management Systems (VMS) landscape again saw expansions across the ecosystem supporting greater integrations with Human Capital Management (HCM) platforms as well as growing support for enabling online talent communities. Some have invested significantly in built-in talent community functions to support the self-sourcing of freelancers. AI and analytics continues to be a dominant theme in the market as well as expansions to source talent across all channels. Statement of Work (SOW) capability has also expanded including more integrations with e-procurement platforms.Challenges still exist in fully supporting the increasing interest in direct sourcing of contingent workers as not all platforms adequately support the streamlining of heavy administrative tasks such as interview scheduling. Interview scheduling one of the known administrative burdens of the process which is still mostly managed outside VMS systems.Included in this report are a number of VMS technologies that support parts of the process. Some are 100% vendor neutral platforms, which by design, give all suppliers and freelancers an equal chance of submitting candidates and profiles. These platforms do not support the creation of preferred supplier lists at all.  Other VMS technologies only support the sourcing, supplier management and reporting part of the process; invoicing is not done in the platform, instead third parties are used.Sourcing decisions of hiring managers are expected to broaden as the market tightens, to include SOW, permanent (direct) hiring as well as contingent hiring. Buyers can expect to see greater ATS, HR and finance integrations. As a result, the wider technology stack with a greater use of middleware to support integrations is likely to be an important factor when selecting VMS providers.SIA recognizes three distinct waves of VMS evolutionary waves: Wave 1.0: Supplier Centric Wave 2.0: Talent Centric Wave 3.0: Wave 3: Marketplace. Client and Data Centric Click the link below to download the report: VMS Market Developments - Part 1 20180405 - You do not have permission to view this object. […]

  • VMS Market Developments (Consolidated)

    This report consolidates the sub-reports listed below which were released over the course of 2017:Part 1 - Drivers, Innovations & Geographical Capability – Published in March 2017 VMS Drivers and Benefits VMS Developments: New Offerings VMS Provider Landscape and M&A Activity Vendor Geographical Capability Vendor Profiles Part 2 – Market Size and Growth – Published in July 2017 VMS Global Market Size and Growth Size by Region Market Size Spend by Work Arrangement and Sourcing Model         Spend by Program Type      VMS Functionality and Integration Adoption Funding & Pricing Models            Spend by Buyer Market Size           Part 3 - Market Differentiators - – Published in November 2017 Functionality and Technical Breadth Capability Ability to Scale and Geographic Reach Strategic Alignment to Wider Business Market Success and Collaboration Click the link below to download the report:  VMS Market Developments Consolidated 20171221 - You do not have permission to view this object. […]

  • MSP Market Developments (Consolidated)

    This report consolidates the sub-reports listed below which were released over the course of 2017:Part 1 - Drivers, Innovations & Geographical Capability, including: Executive Summary MSP Drivers and Benefits (including case studies) MSP Vendor Landscape MSP Developments – Investments in New Offerings and Delivery Capability MSP Vendor Geographical Capability and Targeting Vendor Profiles Part 2 – Market Size and Growth, including:  MSP Global Market Size and Growth Size by Region Market Size Spend by Work Arrangement and Sourcing Model         Spend by Program Type      MSP Service Adoption Funding & Pricing Models            Spend by Buyer Market Size           Part 3 - Market Differentiators, including:  Service Breadth Capability Geographic Capability Innovation and Investment Click the link below to download the report: MSP Market Developments Consolidated 20171221 - You do not have permission to view this object. […]

  • RPO Market Developments

    RPO growth has been primarily driven by lack of internal bandwidth to support hiring needs and lack of ability to service niche challenging markets. Managing business expectations to meet time-to-hire expectations is becoming more challenging, particularly for professional and technical hires. Analytics is key to addressing not only the most efficient source of hire but also to set business expectations on candidate availability. Cost of hire is not the most important factor for buyers looking at RPO solutions.As a result RPO of interest from buyers, RPO growth continues to be strong, with global RPO revenue up 13% year-on-year in 2016. This segment continues to outperform the wider staffing market, which experienced growth of 5% in 2016 (SIA Report: Global Staffing Industry Forecast October 2017).A number of major service development trends are identified, of which are primarily driven by the environment of heightened talent scarcity, including: Trend 1: The Rise of Automated Sourcing and “Ready Now” Talent Pools Trend 2: The Candidate is King Trend 3: Growing Analytics and Benchmarking Sophistication Trend 4: Strategic Talent Acquisition Partner to Strategic Talent Management Partner Trend 5: Total Talent Acquisition Trend 6: Evolving Technology Stacks RPO services are often described by vendors as “end-to-end”, from sourcing to onboarding. In fact, 80% of the market is represented by this. However, there has been a growth in “sourcing & selection” only services (representing 20% of the market in 2016, up markedly from 12% in 2015).Besides offering market data and interviewing, RPO services have a heavy emphasis on talent pool management and supporting internal moves. RPO programs primarily focus on directly sourcing candidates, however some still rely on agencies and suppliers. Over 2016, there has been a notable increase in the adoption of video to support the process, now representing 19% of clients adopting this, up from 10% in 2015.Single country contracts represent the largest share of the market by client geographical scope, representing 59% of the total though RPO programs often support multiple regions and geographies. In 2016, 39% of the RPO market related to multi-country scope contracts with a sizeable proportion (approximately 18%) represents programs that cover three or more regions.The data and analysis included in this report is based on the results of a comprehensive survey of 24 RPO providers followed by an exhaustive line-by-line review of the findings.Click the link below to download the report: RPO Market Developments 20171215 - You do not have permission to view this object. […]