Anchor VMS Information Presentation
- 2. CANADIAN NON-STANDARD WORKFORCE DEFINED BY HRDC “ Non-standard talent is no longer incidental.” “ The forms of employment involving part-time, fixed-term, temporary, home and standby workers, those who have more than one job, and the self-employed, have become so significant numerically that they now affect about one third or more of the workforce in Canada.”
- 3. RISKS OF CO-EMPLOYMENT IN CANADA “ Far too often, employers don’t appreciate that their independent contractors and consultants may actually be employees.” “ It does not typically matter whether there is a contract in place or how these individuals are classified by the organization.” “ These are only two of many factors that a court or regulatory body (such as the Canada Revenue Agency) will consider in assessing who holds the legal responsibility for these individuals.”
- 4. IS YOUR COMPANY AT RISK? A mistaken Classification can lead to: Tax Penalties WSIB Audits Wrongful dismissal complaints Vicarious liability for harassment or negligence
- 5. inconsistent & uncontrollable contingent talent spend inaccurate classification leading to co-employment risk meeting compliance & industry regulations uncertain ownership of the process uncontrolled vendor usage with little to no visibility of the metrics poor quality of non-standard talent DOES YOUR ORGANIZATION STRUGGLE WITH…?
- 6. NON-STANDARD TALENT MANAGEMENT TREND REPORT Analysis from a cross section of Fortune 500 companies – Taleo 2005
- 7. WHY ANCHOR VMS? Decrease Costs Leverage Your Company’s Buying Power Streamline Processes Mitigate Risk
- 8. ANALYZE Qualitative & Quantitative Analysis of Current Non-Standard Talent Analysis of existing Talent & Processes Review of current Vendor Relationships Customized Solution & Roll Out Strategy
- 9. CURRRENT STATE Unknown Suppliers HR IT Sales/Marketing Communications Corporate Services Operations Multiple Invoices Lost Resumes Co-Employment Risk Paper Timesheets Inconsistent Bill Rates No Visibility Rogue Spending Inconsistent On-Boarding No Background Checks Sub-Standard Talent Inconsistent Acquisition Process Vendor Accountability Job Misclassification No Standard Approval Process CLIENT LOGO HERE Lack of Ownership Slow Response Unfocused Management High Legal Costs
- 10. ORGANIZE Identify Client Sponsor Vendor Management Training Time Card Entry & Invoice Consolidation Talent Acquisition Portal Solution Real-Time Reporting
- 11. OPTIMIZE Vendor Performance Metrics Online Assistance, Dedicated Hotline, Account Management Team Custom Report Generation Market Trend Analysis
- 12. BENEFIT TO CORPORATE & HR Real-Time Visibility of Entire Non-Standard Talent Population Compliance, Regulatory & Audit Material Easily Accessible Measurable Data to Forecast Spend – Cost vs. Budget Reduced Co-Employment Risk Noticeable Improvement to bottom line & Increase in Shareholder Value
- 13. BENEFIT TO FINANCE & PROCUREMENT Invoice Consolidation Reduced Rate Variance Report Function to Measure Cost Impact on Quality SLA’s to Monitor Service Performance & Vendor Metrics Enforced Guidelines & Agreement Terms
- 14. BENEFIT TO VENDORS Improved Communication & Understanding of Client needs Consolidated, Streamlined Invoice & Collections process leading to faster, more Consistent Payments More Open Requirements through Access to all jobs across the Company Transparent & Unbiased Submittal of Candidates Quicker Turnaround and Timely Feedback of Activity
- 15. BENEFIT TO NON-STANDARD TALENT Clearly defined work arrangements Single point of contact for all work-related issues Access to Benefits Regular, Secure Payroll Historical record of timesheets
- 16. SERVICE MODELS Full Service Model Self-Service Model Combination Model Advisory Model
- 17. PRICING MODELS Fully Vendor Funded Fee for Service Combination of Both
- 18. NEXT STEPS Begin Analysis Phase Establish Monthly Spend Levels Select Client Sponsor Contract & Pricing
- 19. THANK YOU