The Vendor Management Standards Committee will help to establish base standards that will serve as a fundamental set of expectations for any buyer who contracts with an MSP that adheres to the standards.
WASHINGTON, D.C. (PRWEB) December 7, 2006
The Human Capital Institute and a coalition of seven leading contingent workforce industry vendors announced today the formation of the Vendor Management Standards Committee. Advancing best practices and benchmarks for clients, COMSYS, Beeline, Allegis Group Services, Bartech Workforce Management, Comensura, MyBizOffice and ProcureStaff joined forces with the Human Capital Institute to develop and publish best practices and industry standards focusing on vendor management.
The new Committee comprises experienced industry leaders with a vested interest in helping define industry standards for vendor management Managed Service Providers (MSP), and organizations that use MSP providers to help manage contingent staff as part of their overall workforce.
"There is a great deal of confusion among buyers and industry insiders as to what constitutes a Managed Service Provider (MSP). The vendor management industry lacks consistency or standards around the services it provides," said Allan Schweyer, President and Executive Director of the Human Capital Institute. "The Vendor Management Standards Committee will help to establish base standards that will serve as a fundamental set of expectations for any buyer who contracts with an MSP that adheres to the standards."
Joining forces to promote the development of industry standards for vendor management, the Committee will conduct extensive research that provides performance measurement guidelines based on evolving vendor management best practices. The guidelines will serve as a baseline ruler for enterprise organizations to use with any vendor management or MSP engagement.
"We continue to see a substantial increase in the use of vendor management systems, especially with large- and medium-size firms nationwide," said Ron Mester, Staffing Industry Analysts CEO. "And as more companies implement Vendor Management Standards (VMS), we expect that end-user 'demands' of VMS will grow, as will the interest in sharing VMS-related best practices."
The Committee intends to publish a final draft of the standards in the first quarter of 2007. The information will be available for download from The Human Capital Institute (HCI) website for HCI professional and corporate members.
Interested parties can hear more about the Standards Committee from board members themselves by attending a complimentary HCI webcast December 15th titled, "Best Practices in Contingent Workforce Management: Best of the Best 2006."
To register for the webcast or review other best practice resources available from HCI to the Contingent Workforce community, please visit the Talent Strategy Community at http://www.humancapitalinstitute.org
About The Human Capital Institute
The Human Capital Institute is a think tank, educator, and global professional association dedicated to the advancement of talent management practices with individuals and organizations. HCI serves as a catalyst for innovative thinking in integrated talent strategy, acquisition, development, engagement, management, and measurement. Through research and collaboration, HCI programs collect original, creative ideas from a field of the brightest thought leaders in talent management. Those ideas are then transformed into measurable, real-world strategies that help its members attract and retain high-performing people, build a diverse, inclusive workplace, and leverage individual and team performance throughout the enterprise. HCI members represent a broad coalition of educators, talent managers and executives. For more information, please visit: http://www.humancapitalinstitute.org
About COMSYS IT Partners
COMSYS IT Partners, Inc. (NASDAQ: CITP) is a leading information technology services company with 42 offices across the U.S. and offices in Canada and the U.K. Leveraging more than 30 years of experience, COMSYS has enhanced its core competency of IT staffing services by creating client-centric, cost-effective information system solutions. COMSYS' service offerings include contingent staff augmentation of IT professionals, permanent recruiting and placement, vendor management and project solutions, including network design and management, offshore development, customized software development and maintenance, software globalization/localization translation services and implementation and upgrade services for SAS, business intelligence and various ERP packages. COMSYS serves clients in a variety of industries, including financial services, insurance, telecommunications, energy, pharmaceutical and healthcare industries
and government agencies. For more information, visit http://www.comsys.com
Beeline offers workforce optimization products and services that deliver automation and best practices in the areas of workforce acquisition, workforce management, and workforce analytics. The modular Beeline solution set spans all types of labor, including permanent, contract and services labor. Beeline offerings include Beeline for Contingent Labor, Beeline Talent Management Solutions, Beeline for Managed Services, and Beeline for Performance Appraisals. Companies and government agencies achieve an optimized workforce through best practice processes, automation efficiencies and full visibility into the entire life cycle of their workforce. For more information, please visit http://www.beeline.com
About Allegis Group Services
Allegis Group Services provides creative human capital solutions and the industry expertise essential to support these programs. From Workforce Management Solutions (WMS) and Business Process Outsourcing (BPO), to web-based recruiting and outplacement services, we develop the most innovative product offerings and deliver them to clients in almost every field and industry. We also support our customers with expertise in customer assessments, implementation, and ongoing Program Office Management. Get the details on what we can do for your company at http://www.allegisgroupservices.com
About Bartech Workforce Management
Bartech Workforce Management (BWM), a division of The Bartech Group delivers comprehensive, quality-focused staffing and vendor management solutions. BWM combines industry-experienced professionals, proven processes and robust VMS technologies to help major corporations implement workforce management solutions that improve quality, save time, mitigate risks and manage spend. BWM is an NMSDC certified minority business enterprise. To learn more about Bartech Workforce Management Solutions, visit us at http://www.bwm-apex.com
Comensura is a management and consulting services company serving the global 1000. We provide procurement and management services for our client's use of contingent labor. Our programs drive improvements in management control, spend containment and visibility, and process efficiencies producing hard and soft cost savings. For more information, please visit http://www.comensura.com
About MyBizOffice, Inc.
MyBizOffice (http://www.mybizoffice.com) makes it easy for self-employed professionals and their clients to safely and conveniently work together. Founded in 1986, MyBizOffice is the preferred provider of consolidated contractor engagement, employment, and compliance solutions for the world's largest organizations and is the leading alternative to self-incorporation for professionals who pursue their own independent career.
About ProcureStaff, Ltd.
ProcureStaff, Ltd., a subsidiary of Volt Information Sciences, Inc., provides specialized software and services that streamline and manage services procurement. ProcureStaff's solution improves efficiencies in the entire procurement lifecycle, including vendor management, sourcing, spend management and invoicing, reconciliation and payment for enterprise clients. For additional information, please visit the ProcureStaff, Ltd. web site at http://www.procurestaff.com
Human Capital Institute
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