Workforcelogic introduces International contingent workforce outsourcing solution

Sonoma, Calif., ñ WorkforceLogic today introduced an international version of its Contingent Workforce Outsourcing (CWO) solution to address the growing segment of contingent workers within the global enterprise workforce. The WorkforceLogic CWO solution integrates software, on-site services and support to create an efficient and sustainable contingent worker management process that is easily tailored to individual business environments and generates substantial cost savings. WorkforceLogic Version 5.0 provides the tools needed to effectively manage a global contingent workforce while enhancing existing business optimization features.

ìIn an economy where cutting costs and overhead are paramount, the use of a contingent workforce comprised of independent contractors, vendors and suppliers, consultants, project based resources, temporary workers and outsourced or off-shored labor will continue to grow,î said Duncan Harwood, managing partner, Human Resource Delivery Solution of PriceWaterhouseCoopers. ìCWO is a clear necessity for organizations that wish to gain a competitive edge by better managing and leveraging this growing portion their enterprise workforce referred to as the contingent workforce. Those organizations looking to deliver quantifiable savings and value added delivery should turn to a top-tier CWO provider such as WorkforceLogic.î

According to the Bureau of Labor Statistics, more than 10 percent of the Global 2000 workforce is made up of contingent labor generating $110 billion annually. To enable its customers to harness the benefit of this labor trend, WorkforceLogic tailored its CWO services and solutions to address the challenges associated with global workforce management.

WorkforceLogic customers are responsible for managing thousands of contingent workers each requiring contract management, ìon-boarding and off-boardingî, timekeeping and compliance. WorkforceLogic 5.0 gives customers increased visibility and control of geographically disperse contingent workers all on a single platform. New features simplify timekeeping and invoicing processes; standardize job classifications and billing rates among multiple currencies; provide real-time currency conversion; and ensure compliance with regional labor laws and other variables.

Contingent workers procured through third-party vendors require an additional set of considerations. WorkforceLogic Version 5.0 ensures compliance with supplier markup restrictions and enhances customization of supplier information, such as assignment, timecard, expense and adjustment views.

As leaders in their respective industries WorkforceLogic customers seek out the most skilled partners to help them strategically manage their contingent workforce. ìUsing WorkforceLogic CWO, we can hire new contingent employees more quickly, have real-time visibility into financial and headcount reports and strengthen internal controls,î said Jacque Rupp, director of global employment at VERITAS Software Corp.

ìWe have achieved a significant operational improvement with WorkforceLogic and look forward to the enhancements in Version 5.0.î

ìBased on the current and projected growth of the global contingent labor market, we have added international capabilities to the WorkforceLogic CWO solution to more effectively manage this critical source of human capital,î said David Lee, vice president of business solutions at WorkforceLogic. ìWe believe that the success of any organization depends on its people. In todayís global marketplace, human talent is the most valuable competitive advantage, and only those organizations that can effectively procure and manage the best knowledge workforce will succeed.î