Tag: Contingent/Staffing

Vendor Management Systems (VMS) PEAK Matrix® Assessment 2024

May 23, 2024

Vendor Management Systems

The Vendor Management System (VMS) is gaining importance as organizations seek solutions to manage their contingent workforce. Companies across industries and geographies, including previously untapped segments like the mid-market, now rely on contingent workers to meet business demands. As a result, VMS technology providers are developing capabilities to meet clients’ unique requirements and comprehensively address end-to-end Contingent Workforce Management (CWM) needs.

VMSs are developing capabilities to support all contingent talent categories, manage compliance, handle invoicing and payments, provide reporting and analytics, create talent pools, and source providers and candidates. Additionally, they are enhancing their VMS solutions’ User Interface (UI) / User Experience (UX), services procurement, total talent solutions, integration capabilities, and AI integration.

Vendor Management Systems (VMS)

Vendor Management Systems (VMS) PEAK Matrix® Assessment 2024

Vendor Management Systems (VMS) PEAK Matrix® Assessment 2024

What is in this PEAK Matrix® Report

In this report, we use Everest Group’s proprietary PEAK Matrix® framework to evaluate 22 VMS providers’ capabilities across two key dimensions – market impact and vision and capability. The research will help buyers select the right-fit provider for their needs, while providers will be able to benchmark themselves against the competition.


Contents: 

In this report, we:

  • Categorize VMS providers as Leaders, Major Contenders, and Aspirants
  • Examine the VMS market’s competitive landscape
  • Study providers’ key strengths and limitations
Scope:
  
  • All industries
  • Geography: global, North America, and EMEA
  • This assessment is based on Everest Group’s annual RFI process, the proprietary contractual database of 22 VMS providers, provider public disclosures, and Everest Group’s internal intelligence, interactions with enterprise buyers, and an ongoing analysis of the market

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What is the PEAK Matrix®?

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UK Contingent Talent and Strategic Solutions PEAK Matrix® Assessment 2023

September 28, 2023

UK Contingent Talent and Strategic Solutions

The UK’s contingent talent and strategic solutions industry underwent a significant transformation in 2021-22. Amidst the challenges of adverse macroeconomic conditions and an impending recession in 2022, enterprises faced a talent shortage due to scarcity of skilled workers and worker attrition. Service providers responded by prioritizing upskilling, bridging the skills gap, and promoting inclusive talent acquisition. Their initiatives included targeted outreach, inclusive job descriptions, unbiased screening, and collaboration with Diversity, Equity, and Inclusion (DEI) organizations. Technology played a pivotal role as digital platforms and tools streamlined operations, improved candidate sourcing, and enhanced workforce management. AI-powered candidate matching and online talent marketplaces gained prominence, providing efficient ways to connect employers with contingent workers.

contingent talent and strategic solutionsUK BP

What is in this PEAK Matrix® Report

This report analyzes the dynamics of the UK contingent talent and strategic solutions provider landscape and its impact on the overall UK contingent talent and strategic solutions market in 2022. It specifically focuses on IT, business and professional staffing, and strategic solutions in the UK. The report provides a comprehensive overview of the market and examines how providers differentiate themselves using the extensive Everest Group PEAK Matrix® as a benchmark for analysis.
 

The report analyzes the performance of various UK contingent talent and strategic solutions providers and examines:

  • The UK contingent talent and strategic solutions provider landscape
  • The UK Contingent Staffing Provider PEAK Matrix® Assessment:
    • Classification of 17 UK IT contingent talent and strategic solutions providers into Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix® framework
    • Classification of 16 UK business and professionals contingent talent and strategic solutions providers into Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix® framework
  • Everest Group’s analysis of the providers:
    • UK contingent talent and strategic solutions providers’ capability assessment on seven dimensions: market adoption, portfolio mix, value delivered, scope of services offered, innovation and investments, delivery footprints, and vision and strategy
    • Remarks on key strengths and limitations of each contingent talent and strategic solutions provider

Scope:

  • Industry: contingent talent and strategic solutions
  • Geography: UK
  • Skills coverage: IT, engineering, business and professionals

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Contingent Workforce Management (CWM) / Managed Service Provider (MSP) and Services Procurement / Statement of Work (SOW) PEAK Matrix® Assessments 2023 NEW

August 23, 2023

Contingent Workforce Management (CWM) / Managed Service Provider (MSP) and Services Procurement / Statement of Work (SOW)

In the next normal, due to enterprises’ increased focus on workforce scalability and agility, the contingent workforce is emerging as a key focus area. As a result, enterprises are increasingly leveraging Contingent Workforce Management (CWM) / Managed Service Providers (MSPs) to manage their end-to-end CWM needs.

Market developments following the pandemic are causing MSPs / CWM providers to play a strategic role in workforce management. In response, providers are broadening their offerings and investing in the management of all types of contingent workers. They are enhancing their service scope, digitalizing processes, and expanding consulting capabilities. Providers are also exploring innovative talent solutions such as direct sourcing, services procurement management, total talent management, and independent contractor management to meet enterprises’ demands.

CWM MSP PEAK 2023 Services Procurement SOW PEAK 2023

What is in this PEAK Matrix® Report

This PEAK Matrix® assessment will help key stakeholders – buyers, service providers, and technology providers – understand the MSPs /CWM provider and services procurement provider landscape, evaluate providers’ capabilities, and identify the Leaders, Major Contenders, and Aspirants in the market.

This report analyzes the performance of 30 MSPs /CWM providers and 18 services procurement providers and includes:

  • The MSPs /CWM provider landscape
  • The services procurement provider landscape
  • MSPs /CWM provider PEAK Matrix® and Star Performers for 2023: Classification of providers as Leaders, Major Contenders, and Aspirants based on Everest Group’s proprietary PEAK Matrix® framework
  • Services procurement /SOW PEAK Matrix® and Star Performers for 2023: Classification of providers as Leaders, Major Contenders, and Aspirants based on Everest Group’s proprietary PEAK Matrix® framework
  • Year-on-year movement of different providers on the PEAK Matrix®, eight providers have been named as the 2023 CWM/MSP Market Star Performers and four providers have been named as the 2023 Services Procurement Market Star Performers
  • Everest Group’s analysis of providers: Overall CWM/MSP and services procurement capability assessed by evaluating the providers along seven dimensions – market adoption, portfolio mix, value delivered, scope of services offered, innovation and investments, delivery footprint, and vision and strategy

Scope:

  • All industries and geographies
  • Over 1,950 CWM/MSP and services procurement deals
  • Coverage across 30 MSPs / CWM providers and 18 services procurement providers

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What is the PEAK Matrix®?

The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.

LEARN MORE ABOUT Top Service Providers

US Contingent Talent and Strategic Solutions PEAK Matrix® Assessment 2024

July 27, 2023

US Contingent Talent and Strategic Solutions PEAK Matrix® Assessment

The US contingent talent and strategic solutions market slowed in 2023, as enterprises faced cost and margin pressures amid the economic slowdown. Notably, while the economic downturn had adverse effects on US staffing providers, a substantial gap in talent supply-demand persisted, driven by the need for specialized skills in rapidly growing industries, technology interventions, and a heightened need for managed services. Enterprise expectations from contingent talent providers also increased, extending beyond transactional engagements to a growing interest in strategic solutions and managed services.

USIT2024USEngineering2024USBusiness2024

What is in this PEAK Matrix® Report

This report examines the US professional contingent staffing provider landscape and assesses its impact on the market in 2023. It focuses particularly on contingent talent and strategic solutions in IT, engineering, and business and professional skills. Using Everest Group’s PEAK Matrix® assessment, the report identifies areas where providers are distinguishing themselves and discusses how providers are navigating the challenging yet opportunity-laden market landscape.

Contents: 

The report analyzes various contingent talent and strategic solution providers’ performance and examines:

  • The US contingent talent and strategic solutions provider landscape
  • US Contingent Staffing Provider PEAK Matrix® Assessment: classification of 30 US IT contingent talent and strategic solutions providers, 23 US engineering contingent talent and strategic solutions providers, and 24 US business and professionals contingent talent and strategic solutions providers into Leaders, Major Contenders, and Aspirants
  • Everest Group’s provider analysis:
    • US contingent talent and strategic solutions providers’ capability assessment on seven dimensions: market adoption, portfolio mix, value delivered, scope of services offered, innovation and investments, delivery footprints, and vision and strategy
    • Remarks on each provider’s key strengths and limitations

Scope:

  • Industry: contingent talent and strategic solutions
  • Geography: US
  • Skills coverage: IT, engineering, and business and professional skills

US IT Contingent

US Engineering US Business and Professionals US Industrial

What is in this PEAK Matrix® Report

This report analyzes the intricate dynamics of the US contingent talent and strategic solutions provider landscape and its impact on the overall US contingent talent and strategic solutions market in 2022. It specifically focuses on IT staffing, engineering staffing, business and professionals staffing, and industrial staffing. The report provides a comprehensive overview of the market and examines how providers differentiate themselves using the extensive Everest Group PEAK Matrix® as a benchmark for analysis.

The report analyzes the performance of various contingent talent and strategic solutions providers and offers:

  • The US contingent talent and strategic solutions provider landscape
  • The US Contingent Staffing Provider PEAK Matrix® Assessment:
    • Classification of 28 US IT contingent talent and strategic solutions providers into Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix® framework
    • Classification of 22 US engineering contingent talent and strategic solutions providers into Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix® framework
    • Classification of 23 US business and professionals contingent talent and strategic solutions providers into Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix® framework
    • Classification of 21 US industrial contingent talent and strategic solutions providers into Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix® framework
  • Everest Group’s analysis of providers:
    • US contingent talent and strategic solutions providers’ capability assessment on seven dimensions: market adoption, portfolio mix, value delivered, scope of services offered, innovation and investments, delivery footprints, and vision and strategy
    • Remarks on key strengths and limitations of each contingent talent and strategic solutions provider

Scope:

  • Industry: contingent talent and strategic solutions
  • Geography: US
  • Skills coverage: IT, engineering, business and professionals, and industrial

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What is the PEAK Matrix®?

The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.

LEARN MORE ABOUT Top Service Providers

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