Centralized Contingent Workforce Management Seen Saving Money and Time, Decreasing Risk

Washington, DC — October 15, 2009 — Organizations could achieve potential cost savings of 7-12 percent by moving away from decentralized contingent workforce management (CWM) toward a centralized CWM process, according to a new study released this week by the Human Capital Institute.

According to the research report, titled "The ROI in Enterprise Contract Talent Management," organizations that move toward enterprise-wide, centrally managed and technology-enabled CWM have the potential to realize significant, hard-dollar cost savings, as well as intangible benefits such as improved compliance risk, time savings and better reporting.