Veritude Offers Key Strategies to Save Staffing Costs And Gain Efficiencies

Veritude, a leading staffing services provider, released today a new white paper titled ìThe Power of a Managed Services Program.î This new paper offers actionable advice and key strategies to manage staffing needs through the current turbulent economic conditions. The complimentary white paper can be downloaded for a limited time from www.veritude.com.

As companies are increasingly faced with unpredictable workloads, fewer resources, and the need to continue momentum despite an economic downturn, now more than ever there is a compelling business case for implementing a managed services staffing program. Veritudeís latest white paper helps human resources and procurement professionals determine the potential cost savings of using a Managed Services Program (MSP), as well as the time saved and employment risks mitigated.

ìAccording to Staffing Industry Analysts, the overall use of contingent workers is projected to go up 14.3% by 2010. With every dollar and every employee being carefully scrutinized, the use of an MSP has become even more integral to successful workforce management,î said Jim McCoy, senior vice president at Veritude.

Enabling companies to recognize cost savings, alleviate time constraints and manage co-employment and worker classification risks, Veritudeís MSP solution helps clients have one point of contact to fully leverage the potential of their contingent workforce. Veritudeís solution will also manage temp-to-permanent and direct hiring strategies.

McCoy added, ìEmployment risks are a major concern for organizations, however, working with an MSP allows a company to outsource these risks to the provider. Added risk mitigation benefits are also realized, since the MSP applies the highest levels of rigor to screening and on-boarding candidates. For example, our candidates receive thorough background checks and are screened through a behavioral interview process.î

Under Veritudeís Managed Services Program, the company sources and hires employees, develops optimal hiring processes, identifies vendors to provide specialized expertise, manages all vendors from contract negotiation to performance management, runs the technology to manage the lifecycle of the program and handles payment of the temporary, temp-to-permanent or direct hire employees as well as payment to the other vendors. As a result, direct or ìhardî costs previously resulting from varying contract terms, bill rates and program management are reduced, as well as ìsoftî costs – critical overhead especially in environments chartered with doing more with less - are lowered.