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What Yours Peers Are Doing to Prime Their Human Resources and Financial Systems for Growth and Change

Sponsored By Workday

Topics:
Accounting
Banking & Capital Markets
Budgeting & Planning

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Abstract:
According to a recent Forbes article, 20-30 percent of today's workforce is made up of 'contingent' workers, and that percentage is expected to swell to 50 percent by 20201. But one-third of organizations don't know the total cost of their contingent workforces. The problem is that traditional Human Capital Management and Financial Management silos have made it almost impossible to make balanced workforce decisions. The standard Human Resources team lacks the purchasing and budgeting information about contingent workers to build a truly effective workforce planning process. The lack of visibility into this information, which is often buried in the finance system, leads to an unpredictable 'shadow' workforce.
DETAILS
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Released: March 04, 2014
Length: 6 pages
Format: PDF (317 kb)
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