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Did You Know?

Quick easy to read newsletter to help you stay informed with industry knowledge and business history about salary and contingent labor.

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Did You Know

History of staffing... Back in the late 1970’s and early 1980’s companies supplying technical staff in the staffing business were called “job shops” and the people they employed were called “jobbers” or “job shoppers”. Compared to today, the staffing industry [...] Read More...

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Professional services future... As in any business the prevalent trend within the consulting industry is to evolve. With knowledge being democratized and information becoming more accessible, the role of management consultants is rapidly changing. Moreover, with the increased amount of online platforms [...] Read More...

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Professional Services history continued... The 1980s and 1990s brought change to the industry with the introduction of information technology (IT) consulting and corporate strategy. By 2001 the industry stagnated before swiftly recovering in late 2003, with a focus towards a clearer segmentation of [...] Read More...

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Professional Services history continued… An earlier wave of growth in the early 1980s was driven by demand for strategy and organization consultancies while the growth in the 1990s was driven by strategy and information technology advice.   In the second half [...] Read More...

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Professional Services history continued… After World War II a large number of new management consulting firms formed, bringing a rigorous analytical approach to the study of management and strategy. The industry experienced significant growth in the 1980s and 1990s, gaining considerable [...] Read More...

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Professional Services history continued… The initial period of growth in the consulting industry was triggered by the Glass-Steagall Act was driven by demand for advice on finance, strategy, and organization. The Glass-Steagall Act, also known as the Banking Act of [...] Read More...

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Management consulting grew with the rise of management, as a unique field of study. The first management consulting firm was Arthur D. Little Inc., founded in 1886 as a partnership, and later incorporated in 1909. Though Arthur D. Little later [...] Read More...

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First-rate talent is emerging as an on-going trend of the 'gig economy' as 96.1% of employers utilizing independent contractors report they are extremely satisfied with their overall work performance. As the number of workers entering the freelance market explodes, competition [...] Read More...

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Annual salary surveys have become a common tool for Human Resources to analyze compensation and set pay levels based on region, skill level, industry and company size. But the explosion of the "gig economy" and the high demand for “skilled [...] Read More...

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Staffing history continued... As companies continued looking for ways to compete in the global economy, VMS/MSP providers exploded on the scene with innovative, streamlined processes allowing procurement to channel contract openings to a single supplier who managed hundreds of staffing agencies. Client [...] Read More...

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Staffing History continued... Unhappy with the staffing industry (VOP) solution and without the internal resources to manage spend, AT&T spinoff Lucent Technologies selected Volt Services Group to manage their $1 billion in global contractor spend. Volt offered "A Procurement Solution," that [...] Read More...

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VMS (Vendor Management System) evolved from the Staffing model Vendor-On-Premises (VOP) concept, featuring a recruiter on-site working with one firm to fill contractor roles. VOP was very popular in the late-1980s thru mid-1990s, when large clients expressed dissatisfaction with the [...] Read More...

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Temporary work has changed greatly since the 1940s. For many years, temporary workers made up a rather small portion of the overall labor force in the United States. Typically, temporary workers were women in clerical positions who provided companies with an [...] Read More...

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The birth of the staffing industry began in the United States after World War II when small agencies, located in urban areas, began employing housewives for part-time office jobs. Through the years, the advantages of having workers who could be [...] Read More...

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PeopleTicker best practices encourage client companies to identify the contractor labor rate and then negotiate vendor markup. When companies pay contractors above market-rates, their ability to retain them for the duration of the assignment significantly increases. A common misconception is [...] Read More...