How Contingent Staffing Can Help You Take Control of High Volumes
According to the Bureau of Labor Statistics, contingent workers account for about 26% of the workforce and are expected to grow 23% through 2020, which equates to about 631,000 jobs. Contingent workers can be defined as independent contractors, consultants, or other outsourced and non-permanent workers. For you or your organization they might also take the role of acronyms like RN, CNA or PA.
It’s clear that a contingent workforce is an increasingly critical component of an integrated workforce strategy – especially in healthcare. And the saying “we’re all in the same boat” rings true when it comes to hospitals and recruiting registered nurses, in particular. According to CareerCast.com’s jobs database, RN is the profession with the single-most openings with an expected 1.1 million vacancies by 2024.
High volumes of vacant positions or unfilled shifts can be debilitating for an organization and especially the core staff who bear the burden of the extra workload. Ultimately, you run the risk of patient care suffering and things can turn sour quickly.
A contingent workforce program might be the answer to current high volume challenges. However, a self-managed program can quickly blossom with administrative tasks that take longer than forecasted with sometimes unexpected expenses.
That’s where a vendor solutions partner can step in so your organization can realize benefits including flexibility, cost savings and more efficient productivity. A vendor management partner means less time you spend on hiring, staffing and invoicing, thus freeing up more time for what’s most important – patient care.
There are countless reasons to press the stop button on the manual process and instead automate your contingent staffing program by contracting with a VMS:
- Streamline the notification of vacancies
- Choose from a broad pool of skilled and credentialed candidates
- Control costs by lowering expenses and standardizing rates
- Enjoy one point of contact dedicated to your unique needs
- Leverage accurate, in-depth reporting to fuel better decision making
Interested in understanding the different vendor management options? Read our post on the difference between Managed Service Providers (MSP) and Vendor Management System (VMS).
Select the right partner who can help you take control of your high volumes. Contact us today, and before you sign on the dotted line with a provider, read these tips on picking a partner with proven success.