cdooley

Birth of VMS... Circa 2000...

Blog Post created by cdooley Advocate on Jul 14, 2016

Compensation Data Facts - What's What

in Compensation

 

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DID YOU KNOW?

 

Staffing history continued... As companies continued looking for ways to compete in the global economy, VMS/MSP providers exploded on the scene in the new millennium. Innovative, streamlined processes allowed procurement to channel contract openings to a sole supplier who managed multiple staffing agencies on their behalf. The introduction of consolidated billing resulted in significant client cost savings since companies only had to write a single vendor check for all contractors to the MSP.

 

PeopleTicker believes that close to 90% of Fortune 2000 firms currently use the single sourced managed service provider (MSP) model. There are now over 500 firms, primarily staffing companies, implementing this model with over 50 VMS software providers supporting the industry.

PeopleTicker provides Market Intelligence to Human Resources professionals and Procurement teams helping organizations benchmark their existing suppliers, and design more cost effective new programs that maximize both full time regular and contingent labor spend. As the need for skilled labor increases throughout the world, companies need to know “how much” when hiring or procuring new talent. Annual salary survey technology is ineffective in providing true compensation market rates that take into account changes in employment demand by geography or industry. By combining big data aggregation with crowd-based validation through its SkillsVillageeco-system of experts, PeopleTicker provides the most accurate and current compensation information available in the market today.

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