New Study Underscores Risk of Using Independent Contractors

Posted by MBO Partners

With the nation facing the toughest economic times since The Great Depression, enterprises are being forced to reevaluate their current labor needs and implement alternative workforce strategies to effectively drive performance without sacrificing time, cost, or quality.

A new study released by Aberdeen offers the latest benchmarks and numbers surrounding the use of contract labor, and in particular the risks and challenges for managing the growing sector of independent contractors. Contract talent, also known as contingent labor, is a multi-faceted category that includes independent contractors (IC's) and known for its complexity. Improper management of contract labor has many consequences, including inflated costs, failure to achieve desirable performance from contract-staffed projects, and exposure to risk from non-compliance to internal and regulatory policies.

In 2009, enterprises will do their best to face a demanding economic environment and succeed in their respective contingent labor programs by driving performance from outside experts (managed service providers), automation (vendor management systems), and superior management of independent contractors via Independent Contractor Compliance and Engagement Specialists (ICES) like MBO Partners. Access your copy of Aberdeen's 2009 results, Contract Labor Management: Superior Workforce Strategies for a Demanding Environment.