nextSource announced that they have established a partnership agreement with Shortlist Project, Inc., (Shortlist) a leading innovator in freelancer workforce management technology. Together, the two firms will provide a seamless and comprehensive direct sourcing solution that reflects the rapidly growing use of non-employee workers and the evolution of the gig and on-demand/fluid workforce environment.
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Market analyst firm Staffing Industry Analysts (SIA) estimates that 54 million Americans did gig work (defined as staffing agency contractors, SOW consultants, directly hired temporaries, online platform workers, and independent contractors) in 2019. That amounts to $1.3 trillion in spend with the largest share going to independent contractors. SIA projects that 49% of companies will incorporate direct sourcing (acquiring temporary resources through channels other than staffing agencies) into their contingent workforce management capabilities within the next two years.
The partnership couples nextSource’ leading employer of record (EOR), agent of record (AOR), and 1099 Certification services with Shortlist’s cloud-based Freelancer/Workforce Management System (FWMS) technology to deliver dynamic and customized solutions to clients. These programs transform traditional approaches to direct sourcing, delivering a seamless candidate experience through an intuitive digital platform, curated talent pools that deliver “ready to work on demand” talent, extensive evaluation and classification of all candidates, online contracting, onboarding processes specific to each worker type, and a single, automated time management system that eliminates manual efforts and accelerates payments.
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“Everything we do is measured against its ability to enhance our clients’ workforce management programs. We strive to increase access to great talent, optimize operational efficiency, and establish a path forward that gives our clients greater benefit from their use of temporary workers,” commented Catherine Candland, CEO of nextSource.” To that end, we have established strategic partnerships with the industry’s best technology firms who work with us to enhance the client and candidate experience, introduce service innovations, and enable us to deliver greater value. Shortlist is a welcome addition to that team.”
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