Employee time theft comes in many shapes in forms and is a large hidden expense for business. From something unintentional as forgetting to clock out for unpaid breaks to deliberately misrepresenting true hours worked during a shift are all considered time theft. This article covers everything you need to know about employee time theft: what it is, how it is done, why it happens, the financial impact, and prevention.
How do you know what to look for when you are evaluating a VMS (vendor management system)? The VMS evaluation process begins by taking a closer look at your company’s needs and requirements. This article will help you identify the challenges you are looking for a VMS to solve and the essential questions to ask during the VMS evaluation process. Download UpGlide’s “Key Questions to Ask when Evaluating a VMS “to view the complete set of questions.
Before making a selection for timesheet software, it is important to identify your needs and expectations of functionality. Here are 5 important considerations to take before deciding on a time and expense solution. In addition, you can download The Ultimate Checklist for Selecting Timesheet Software as a tool to guide you.
Does the technology fit with your business model? If you have a blended workforce, you’ll need a tool that can manage everything time and expense related parallel to permanent employees, SOW employees, and 1099 employees. Maybe your business is staffing, so you’ll need technology that can manage an entire portfolio of clients.
Does the technology integrate with your current business systems? In order to optimize business process management, the tool should have the ability to integrate with current back office technology, such as payroll systems.
Where can you access the technology and on what type of devices? Find a system that allows flexible accessibility (i.e. desktop, mobile, tablet) for users to record, track, and manage information. Having self-service functionality allows managers and employees to do what they need without being bound by location or time of day.
What is the maximum capacity of the technology? It’s important to find a tool that works with your business now as well as one that will scale with it towards the future. As your business grows, you will likely undertake more employees, so having a tool with margin for growth can avoid implementation learning curve costs in the long run.
Are you able to set up custom workflows per employee and/or project? If you have many time and expense workflows that you are looking to manage with one tool, you will need technology that allows for unique workflows per circumstance.
UpGlide is the cloud-based total talent management platform that allows you to manage candidates, employees, vendors, and independent contractors in a central location. UpGlide software is customizable to meet the role-specific needs of direct employers, staffing agencies, and MSPs in managing their workforce and vendors. Use UpGlide to support any piece of the workforce lifecycle, streamline program administration, and enable data exchange across external management systems.
UpGlide Timesheets is a time and expense solution for direct employers and staffing agencies to effectively manage a multi-layered workforce. The application works with any company seeking a straightforward time and expense management tool that conforms with its business model.. The platform is customizable to meet business-specific needs without the restrictions experienced with other timesheet technology platforms.
The workforce continues to transform and traditional employees will soon be replaced by the contingent workforce. A research study conducted by Intuit predicted 40% of the US workforce will be contingent workers and more than 80% of large corporations will increase their use of the contingent workforce by 2020.
After the recent economic recession, organizations are taking a different approach to fulfill their workforce gaps by capitalizing on the contingent workforce. This allows organizations to meet project demands without making commitments to full time employees.
Why use the Contingent Workforce?
Close Skill Gaps
Organizations face the challenge of acquiring and retaining qualified candidates for high-demand disciplines such as IT and engineering. In order meet business objectives, employers leverage the flexibility of the contingent workforce to close skill gaps and execute projects as they arise.
The adaptable nature of the contingent workforce lets organizations experience significant cost savings on administration and employee benefit packages. Instead of maintaining full time employees in areas with project variability, employers can source appropriate candidates on a “just in time” basis to fit project scope and timeline specifications.
Time to Productivity
Typically upon hire, contingent workers can start working immediately, since employers’ source candidates that already hold critical skills necessary to complete the task at hand. Time saved and increased productivity allows organizations to be more agile and responsive to fluctuating market conditions.
Qualified Talent for Quality Results
The contingent workforce provides more opportunity for organizations to utilize the most qualified candidates. Employers can secure employees on a contingent basis that have more applicable skills and knowledge than that of someone they could afford on a full time basis. This allows projects to be completed with high degree of quality to achieve optimal results.
There are many reasons why more and more organizations are opting to utilize the contingent workforce. However, employers must be equipped with the right tools to meet the requirements of managing the contingent workforce. UpGlide is the cloud-based contingent workforce management platform that helps organizations proactively manage contingent workforce strategies. UpGlide provides full visibility over contingent workforce investments and tools to effectively monitor projects from beginning to end.
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Today, UpGlide announced a major software agreement with a global RPO and MSP solutions enterprise. The company will leverage UpGlide as its sole vendor management system (VMS) technology across its multiple lines of business. Engaging the UpGlide platform will help the company streamline the administration of its talent management, RPO, and MSP programs. The unique flexibility of UpGlide will allow the company to better meet client demand. The company will use the tool across diverse client segments within manufacturing, consumer goods, financial, healthcare, and life sciences industries. “This is a notable milestone for UpGlide, as we begin a new strategic partnership with a leading global RPO and MSP company. UpGlide will provide a great opportunity for our new client to transcend the limits of its existent processes and upscale workflow all through the platform,” said Scott Aicher, COO of UpGlide.
UpGlide’s newly engaged client is a leading talent acquisition solutions organization who conducts business with clients across all continents. Finding better ways to manage the employee lifecycle in today’s world can be challenging with all the viable tech options present in the marketplace. Organizations often hesitate to adopt workforce management tools that only partially meet their requirements. UpGlide provides unique value in addressing this problem. The platform is fully customizable to accommodate any environment, including blended workforce requirements present in staffing business models.
“UpGlide’s solution is a bit different than other VMS technologies available in the market. We facilitate transactional business by establishing long-term relationships. We are ecstatic to be working with a global talent strategy management company and look forward to growing our partnership together. As the business landscape for workforce management continues to evolve, we strive to position UpGlide as an innovative leader of best-fit technology solutions across all industries that engage and/or provide staffing solutions,” said Scott Aicher, COO of UpGlide.
UpGlide continues to progress along a positive growth trajectory as it strengthens brand recognition within the workforce management technology space. In early October, UpGlide launched UpGlide Timesheets, a straightforward time and expense technology solution built for the staffing industry. The application is proficient in managing a multi-layer workforce management program. The company continues to secure deals with direct employers, MSPs, and staffing agencies. “It is exciting to have the opportunity to see UpGlide in action with a full spectrum of clients, each of which is using the tool in a distinct way to trigger different engagement models,” said Aicher. “This new technology deal is going to take UpGlide to new heights in tapping the global talent ecosystem. We look forward to big things to come as we expand our client base and development roadmap. We continue to drive UpGlide as the ultimate technology that solves the challenges of managing the modern workforce.”
UpGlide is the cloud-based contingent workforce management platform that creates diverse user experiences through versatility. Designed for multifunctional use, UpGlide vendor management system (VMS) is customizable to meet role-specific needs of end clients, MSPs, and staffing agencies within the contingent workforce ecosystem. UpGlide can be used to support any piece of the contingent workforce lifecycle, streamline program administration, and enable data exchange across external management systems.
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