HR STRATEGY
Randstad Sourceright | September 23, 2022
Global talent solutions provider Randstad Sourceright today announced that it has been recognized as a Leader in Everest Group's 'Contingent Workforce Management (CWM) / Managed Services Provider (MSP) PEAK Matrix® Assessment 2022,' and a Leader and a Star Performer in Everest Group's 'Services Procurement / Statement of Work (SOW) PEAK Matrix® Assessment 2022.'
In addition to being named a Leader which recognizes a provider's ability to successfully deliver MSP services — for the ninth consecutive time, Randstad Sourceright achieved the highest rating in the Vision and Capability Category for managed service providers (MSP).
"It is an honor to be recognized by Everest Group once again as a Leader in MSP, In a market characterized by higher demand for skilled workers, growing talent shortages and uncertainty about the future, it's more important than ever to leverage the full spectrum of contingent talent freelance, temporary, independent contractor, gig and SOW. Our goal is to empower companies with analytics-based, easy-to-use and scalable solutions that connect them with the people who will help them achieve their priorities, all while providing the agility to quickly react and adjust to changing business needs."
-Mike Smith, global CEO of Randstad Sourceright
As a Star Performer in the Services Procurement / Statement of Work (SOW) assessment, Randstad Sourceright has shown significant improvement over its 2021 performance in the Vision and Capability and Market Impact categories. Reflecting the company's commitment to enhancing SOW management, such as the introduction of Services Procurement 360, Randstad Sourceright offers robust and simple ways for companies to manage their SOW engagements for greater efficiency and transparency.
Over the past year, Randstad Sourceright greatly expanded our SOW capabilities to meet the needs of companies looking for effective ways to manage their third-party supplier engagements, Our Service Procurement 360 solution enables any company, no matter the level of maturity, to achieve greater value from their people-based services. We are honored that Everest Group has recognized how we're transforming the SOW process for businesses,said Paul Vincent, global head of Services Procurement at Randstad Sourceright.
Everest Group's PEAK Matrix is the most trusted and factual analysis of service provider capabilities, covering over 50 different market segments each year. The CWM Assessment segments 24 CWM/MSP providers into Leaders, Major Contenders, Aspirants and Star Performers categories, while the "Services Procurement / Statement of Work (SOW) assessment does the same for 18 SOW providers. Each provider is evaluated on seven dimensions market adoption, portfolio mix, value delivered, scope of services offered, innovation and investments, delivery footprint, and vision and strategy.
Randstad Sourceright remains a key player in contingent talent management, offering a breadth and depth of services to help businesses efficiently manage the MSP and SOW processes, The company's continued investment in expanding technical capabilities and growing focus on analytics, along with a high-touch delivery model, have all contributed to its positioning as a Leader,said Krishna Charan, Practice Director, Everest Group.
As more companies seek to shift a greater number of roles to contingent, project or contract work, Randstad Sourceright offers the combination of technology and human intelligence to help companies achieve the flexibility, workforce agility and business readiness. This approach includes the latest MSP 4.0 strategies, such as market intelligence; employer branding; talent marketing; direct sourcing; talent pooling; and diversity, equity and inclusion.
Along with the growing use of contract work, companies are often challenged to manage the link between talent acquisition and the utilization of project-based expertise. Introduced in May 2022, the Services Procurement 360 SOW management solution offers a holistic procurement workflow, spanning defining business requirements, sourcing talent, monitoring contracted deliverables, and evaluating service provider performance. The result is a simple, customizable model to manage services procurement processes more effectively.
About Randstad Sourceright
Randstad Sourceright is a global talent solutions leader, driving the talent acquisition and human capital management strategies for the world's most successful employers. We empower companies by leveraging a Human Forward strategy that balances the use of innovative technologies with expert insights, supporting both organizations and people in realizing their true potential. As an operating company of Randstad N.V. — the world's leading global provider of HR services with revenue of € 24.6 billion — Randstad Sourceright's subject matter experts and thought leaders around the world continuously build and evolve our solutions across recruitment process outsourcing (RPO), managed services programs (MSP) and total talent solutions.
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TALENT MANAGEMENT
GrowthSpace | September 22, 2022
GrowthSpace, the world's first outcome-driven talent development platform, announced today the launch of an all-in-one solution that empowers organizations to offer employees customizable programs that reduce onboarding time, maximize performance and drive long-term impact. The one-stop-shop enables HR and learning and development (L&D) professionals to centrally develop, manage, and measure development programs composed of both internal and external experiences.
Nir Tidhar, Global L&D Director at Cognyte, a provider of investigative analytics for security organizations, comments, Working with GrowthSpace has opened up so many growth opportunities for us. We can address varied employees' development needs with personalized programs, no matter where they are. It's reassuring to know that we have an array of ready-to-use talent development solutions to tackle any challenge. GrowthSpace ensures we deliver a quality learning experience to personalized needs quickly.
By matching employees with the world's broadest and most accessible global network of external business experts spanning over 60 countries across more than 70 domains, including hard and soft skills, the platform fosters individual and organizational success with integrative individual as well as group experiences.
"Our outcome-driven talent development platform is an industry first. Companies are now able to maximize the potential of every employee and team, while driving business growth in a measurable way, The new platform solves key business and HR challenges for organizations by enabling a one stop shop for multi-experience talent development that has a direct and consistent impact on business growth."
-Omer Glass, Co-Founder and CEO of GrowthSpace
GrowthSpace's new multi-experience platform is a game changer, Knowing that my team can manage all vendors and talent development solutions in one place and easily allocate resources according to our changing needs, means we'll be able to move quickly and hit the business KPIs we set out to achieve,said Galit Gold, EVP HR of Mend, another customer.
The GrowthSpace multi-experience platform is modular and completely customizable so that the development programs can be built to fit each individual's needs as well as organizational goals. The experiences are divided into the following offerings:
Individual (1:1) Experiences: AI matches employees with the best mentors, coaches, and trainers that the world has to offer, increasing productivity and performance for both the individual and the business.
Internal Mentoring: Internal leaders are empowered to build the next generation of leadership, securing successful upskilling, reskilling, and a company culture of paying it forward.
Group Experiences: Teams are inspired and motivated with group coaching, workshops and lectures designed to drive company goals and measurable business results.
While other solutions allow organizations to access coaches, GrowthSpace is the only platform that offers the full array of essential professional development experiences, enabling leaders and managers to build programs based on their specific business goals.
About GrowthSpace
GrowthSpace was founded on the belief that successful talent development not only benefits individuals, but also drives business outcomes. Leveraging the world's most robust talent development dataset and network of global experts, GrowthSpace helps employees and organizations drive successful professional growth, at scale. Hundreds of customers currently realize the benefits of the GrowthSpace platform, including Siemens, Microsoft, EY, Johnson & Johnson, Zoominfo, and Lightspeed.
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HR PRACTICE,EMPLOYEE ENGAGEMENT
PlanSource | September 27, 2022
PlanSource, a leading provider of cloud-based benefits administration technology, has emerged into the employee engagement space with a new product called The Source, releasing on September 30, 2022.
According to Gallup, disengaged employees can cost companies $450 – 550B in lost productivity. While benefits administration platforms help employees make benefit decisions and successfully enroll, there is a clear gap in engagement and utilization after the fact. Additionally, there are many other important company-wide initiatives that HR teams also struggle to engage employees in. The Source is designed to truly maximize the value of a benefits package and other critical HR efforts to drive healthier, happier outcomes for employees and their families.
“I am thrilled to bring a groundbreaking product like The Source to the market. Our customers and partners have expressed the need for a solution to not only be able to help employees engage in their benefits but also be able to enroll in them, utilize them and ultimately increase the ROI on offering those benefits to their employees, Benefits are just one piece of the puzzle, employees need access to everything happening in the workplace, and The Source will deliver that by allowing HR teams the ability to brand our offering, add company news, initiatives and send push notifications to reach their employees where they are.”
-Tom Signorello, Chief Executive Officer at PlanSource
Employers continue to invest millions in benefits, while employees only spend 15 minutes a year enrolling and shopping for them. Most benefits administration platforms only assist employees in choosing their benefits but do little to help them understand and maximize how they are used. That, coupled with the fact that turnover rates have hit an unprecedented height, many HR teams are searching for a way to increase employee engagement not only during open enrollment but also year-round.
While benefits administration is the core of what PlanSource does, surrounding that are the features and components necessary to truly maximize the value of employers’ benefits package. For HR teams, The Source will help increase retention by showcasing company initiatives and benefits in a way that is easily accessible to employees. The Source can be a mobile command center for HR leaders to communicate to employees through push notifications, text messages and assigned tasks, so employees know what’s going on and what actions they need to take. HR leaders have consistently added new benefits and initiatives throughout the last few years to attract and retain talent, make the most of those investments by giving employees easy access to enroll and utilize their total rewards package.
The Source is a convenient and familiar experience for employees where they can shop and enroll in their benefits, access important HR documents, and stay in tune with company initiatives year-round. Employees will see an employer-branded homepage that is customized for their company with news and updates, have access to single sign-on integrations to specific carriers and solutions, and receive push notifications, so they never miss out on anything.
About PlanSource
PlanSource is a technology company that automates and simplifies every aspect of employee benefit programs, so employees and HR teams can make smarter, more confident benefits decisions. More than 5 million consumers receive their benefits through the PlanSource platform, which provides the best experience possible for benefits communications, shopping, enrollment, billing, compliance and ongoing administration. With an end-to-end benefits platform and suite of technology-enabled services, PlanSource helps people maximize the benefits of their benefits, so they can live happier, healthier lives.
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