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SuccessFactors - Contingent Workforce Management

Contingent Workforce Management refers to the strategic approach taken by organizations to efficiently and effectively manage their contingent or temporary workforce. It involves the processes, policies, and tools that facilitate the hiring, onboarding, scheduling, performance management and offboarding of temporary workers.

Here are the key points about CWK:

  • Contingent Workforce Management is a comprehensive strategy employed by companies to optimize their use of temporary workers, contractors, freelancers, and consultants.
  • By implementing proper Contingent Workforce Management practices, organizations can streamline the hiring process, control costs, and ensure compliance with labor laws and regulations.
  • This approach acknowledges the growing trend of flexible work arrangements and leverages technology to efficiently manage a diverse and agile workforce.
  • Successful Contingent Workforce Management maximizes productivity and minimizes risks associated with using external, non-permanent staff.