Tag: impact sourcing

Creating a Sustainable Workforce through Employer of Record (EOR) Partnerships | Blog

Step into the realm of responsible business practices and sustainability with an employer of record (EOR). Numerous studies have suggested that organizations with Environmental, Social, and Governance (ESG) initiatives are better equipped to create a positive impact on the world while also driving growth and business success. Read on to discover how EOR partners can guide organizations toward achieving their ESG goals, including architecting a blueprint for a sustainable workforce. 

Contact us to learn more about ESG and sustainability initiatives.

By incorporating ESG principles into an organization’s vision and strategy, businesses can align themselves with broader ethical and sustainable goals. The “E” emphasizes preserving natural resources, “S” nurtures relationships and reputation within communities, and “G” commits to upholding impeccable corporate ethics and governance. In a nutshell, ESG charts a course for businesses to be responsible, well-regarded, and successful all at once.

Enterprises can build a sustainable global employment and mobility strategy by leveraging the services of an EOR, a third-party organization that enables companies to legally engage with workers in a new country or region without needing to set up a legal entity or risking violating local laws. The EOR undertakes the responsibility to pay and manage permanent or temporary employees on behalf of another company.

EOR providers have emerged as key partners in assisting organizations not only to build a resilient and diverse workforce but also to foster a sustainable future that aligns with their ESG commitments. Let’s explore this further.

Cultivating a workforce on ESG principles: the impact of EOR partners

Traditionally, business success has been measured by the bottom line. But what if success was not only about making a profit but also about the difference the organization makes? By balancing the needs of people, the planet, and profit in a sustainable way for all stakeholders, businesses can generate true value. This “triple bottom line” approach has pioneered a new era of business prosperity.

EOR firms act as guiding partners, helping businesses embrace flexibility, inclusivity, and ethical practices. EOR providers can help organizations advance their ESG goals in the following key ways:

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Looking toward a brighter and more sustainable future

EOR providers act as catalysts for change, enabling organizations to cultivate a sustainable workforce that flourishes within today’s dynamic business environment. By promoting environmentally friendly practices, nurturing a socially inclusive work environment, and upholding ethical governance standards, EOR providers empower organizations to realize their ESG commitments and goals.

As the world continues to evolve, EOR providers remain unwavering allies, guiding organizations toward a future where both business success and societal well-being go hand in hand. A workforce characterized by sustainability, diversity, and accountability can materialize through these collaborative efforts. Partnering with EOR providers can help organizations transcend from simply aspiring to have a globally dispersed sustainable workforce to achieving that exciting vision.

Procurement Outsourcing (PO) – Services PEAK Matrix® Assessment 2023

Procurement Outsourcing (PO) – Services

Procurement Outsourcing (PO) providers are seen as strategic partners by organizations and are playing a critical role in helping them navigate the challenges posed by macroeconomic uncertainties and inflationary pressures by driving cost reduction and enhancing efficiencies. With the increasing willingness to outsource judgment-intensive strategic procurement processes, service providers are building strong domain expertise and digital transformation capabilities to drive value acceleration for organizations. Service providers are offering a comprehensive procurement digital ecosystem with advanced technology capabilities comprising end-to-end platform solutions, best-of-breed suites, and point solutions by leveraging in-house capabilities, partnership ecosystems, and targeted investments. Leading providers are also investing in developing capabilities and solutions in emerging areas such as sustainability, risk management, and direct spend management.

POS2023 1

S2C2023 

What is in this PEAK Matrix® Report

In this research, we present detailed assessments of 23 PO providers featured on the PO Services PEAK Matrix® Assessment 2023. Each assessment provides a comprehensive picture of the provider’s market success, vision and strategy, service focus and capabilities, digital and technological solutions, domain investments, and buyer feedback to assist buyers in making sourcing decisions. Given the increased extension of PO engagements in upstream procurement areas, we have also assessed 21 of these PO providers on their Source-to-Contract (S2C) capability and featured them on the S2C Services PEAK Matrix Assessment® 2023.
 

This report examines the:

  • PO Services PEAK Matrix® Assessment 2023
  • S2C Services PEAK Matrix® Assessment 2023
  • Key insights into PEAK Matrix® dimensions
  • Strengths and limitations of individual providers
  • Enterprise sourcing considerations
  • Overview of top PO providers across geographies and industries, along with their respective market shares

Scope:

  • All industries and geographies
  • The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading procurement service providers, client reference checks, and an ongoing analysis of the PO services market

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GBS Organizations Expect Headcount to Increase in 2024, in Line with Enterprises’ Expectations
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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

Clinton Global Initiative 2023

In-Person event

CLINTON GLOBAL INITIATIVE | 2023

September 18-19, 2023

Everest Group’s Eric Simonson, Managing Partner, and Rita N. Soni, Principal Analyst for Impact Sourcing and Sustainability, will attend the Clinton Global Initiative 2023 meeting on September 18-19 in New York City. This year’s focus is what it takes to keep going.

Last year, Everest Group pledged to dramatically increase the impact sourcing workforce – connecting hundreds of thousands of marginalized individuals to new jobs – by providing research and enablement tools, sharing best practices, and engaging enterprises, service providers, governments, and non-governmental organizations (NGOs) in collaborative efforts. 

Everest Group’s Commitment to Action is to grow the impact sourcing market to half a million in three years. As the CGI community knows, making and keeping commitments isn’t easy. Despite this, we know the antidote is as simple as it is true  we must keep going.

Eric and Rita will join colleagues and global stakeholders at the event to discuss impact sourcing, the potential it provides to companies and underserved communities around the world, and initiatives to help companies incorporate impact sourcing into their business models.

Learn more about Everest Group’s Commitment to Action.

Simonson Eric A
Managing Partner
Soni Rita B
Principal Analyst
Kumar Santhosh

Net Zero Consulting Services PEAK Matrix® Assessment 2023

Net Zero Consulting Services PEAK Matrix® Assessment

Climate change is the paramount problem of the decade, demanding urgent attention and action. Communities worldwide feel the consequences, such as rising sea levels, extreme weather events, ecological disruptions, and health risks. This underscores the need for immediate and concerted efforts to mitigate and adapt to this unprecedented crisis. In response, enterprises increasingly recognize the importance of embarking on their net-zero journey to address the climate crisis.

However, many enterprises face challenges that hinder their progress, such as limited resources, unclear roadmaps, siloed Environmental, Social, and Governance (ESG) data, and the complexity of transitioning their operations and supply chains to low-carbon alternatives. Additionally, boardrooms are divided between short-term budgetary constraints and long-term net-zero commitments and compliance mandates due to macroeconomic uncertainty and geopolitical tensions.

Net-zero consulting service providers play a vital role in helping enterprises navigate these challenges. They offer innovative data-backed solutions and technologies, such as AI, ML, blockchain, and IoT, to contextualize sustainability and drive maximum value. Furthermore, they assist enterprises in achieving the necessary behavioral shift through change management efforts.

Net Zero Consulting Services PEAK 2023

What is in this PEAK Matrix® Report

This report captures the current state of the net-zero consulting services market, exploring trends and key drivers shaping the demand-supply dynamics. The report also provides a detailed view of the net-zero consulting capabilities of 31 providers based on their service focus, key Intellectual Property (IP) / solutions, domain investments, and demonstrated market proof points.

In this report, we:

  • Provide a detailed description of the net-zero consulting services market
  • Examine the key factors and technologies shaping the net-zero consulting services market
  • Outline our perspective on buyer adoption trends and deep dive into the capabilities of 31 net-zero consulting service providers

Scope:

  • All industries and geographies
    This assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading net-zero consulting service providers, client reference checks, and an ongoing analysis of the sustainability services market

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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

The Impact of Impact: Effectively Measuring Impact Workers’ Metrics | LinkedIn Live

LINKEDIN LIVE

The Impact of Impact: Effectively Measuring Impact Workers’ Metrics

View the event on LinkedIn, which was delivered live on Thursday, June 8, 2023.

Organizations’ methods of tracking performance metrics of impact workers vary across the board. 📊 Impact measurement can be a powerful tool to inform program creation, assess effectiveness, and drive decision-making. 💡 But when it comes to the measurement of impact workers’ metrics, what is the most effective approach, and how do you use the data for better business outcomes? 🤔

In this LinkedIn Live session, we will explore one of the key aspects of impact sourcing – impact measurement – and the need to track metrics effectively for better business case creation. 🔎

Watch to learn more about this important topic and to gain valuable insights into how to effectively measure the impact of impact sourcing initiatives. 🌟

What questions did the event address?

  • Market standards and general recommendations 📈
  • Key approaches followed by organizations 🤝
  • Learnings from best-in-class peers 🏆
  • Pitfalls to avoid and best practices to follow ⚠️💡

Meet The Presenters

Measuring the Impact of Impact Sourcing | Virtual Roundtable

Virtual Roundtable

Measuring the Impact of Impact Sourcing

May 24, 2023 |
9 AM EDT | 7:30 PM IST

In this forum, Rita will explore one of the key aspects of impact sourcing – impact measurement – and the need to track metrics effectively for strong business case creation. Organizations’ methods of tracking performance metrics of impact workers vary across the board, but what is the most effective approach, and how do you use the data for better business outcomes?

Join this virtual roundtable to discuss impact measurement and share key approaches, learnings, and best practices.

We’ll uncover the key aspects of impact measurement, including:

  • Market standards and general recommendations
  • Key approaches followed by organizations
  • Learnings from best-in-class peers
  • Pitfalls to avoid and best practices to follow

Who should attend?

  • ESG and sustainability leaders
  • Chief diversity officers
  • Sustainability leaders
  • Corporate social responsibility leaders
  • Workforce and talent strategy leaders
  • CHROs and heads of HR
  • Heads of outsourcing
  • Global sourcing managers
  • Service providers

Virtual Roundtable Guidelines

The only price of admission is participation. Attendees should be prepared to share their experiences and be willing to engage in discourse.

Participation is limited to enterprise leaders (no service providers). Everest Group will approve each attendance request to ensure an appropriate group size and mix of participants. The sessions are 90 minutes in duration and include introductions, a short presentation, and a facilitated discussion.

Soni Rita B
Rita Soni
Principal Analyst, Impact Sourcing & Sustainability Research
Paul Steenkamp
Paul Steenkamp
Founder at Jack Frost
Marzanne Collins 1
Marzanne Collins
Executive Advisor at Harambee Youth Employment Accelerator
Evan Jones
Evan Jones
Group Strategy Director at Harambee Youth Employment Accelerator

How can we engage?

Please let us know how we can help you on your journey.

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