The Great Resignation. A surge in early retirements. The rising cost of childcare, a demographic drought and historically low levels of workforce participation.
Whatever the reason behind it, finding talent is tough right now.
This has left many businesses grappling with decentralised, complex and inefficient talent supply chains — and still struggling to fill the seats they need to fill.
In 2024, it’s time to streamline that supply chain so you can source, attract and hire the people you need, when you need them, all while reducing your talent acquisition costs.
That’s easier said than done, of course. But we can help — keep reading to find out how.
Understanding the middleman challenge in talent acquisition
Most companies’ talent supply chains are overly complex, inefficient and costly. How can you tell? One simple measure is the number of different middlemen they involve.
Recruitment agencies, headhunters and staffing firms are just the start. If you’re managing talent acquisition in 2024, there’s a good chance you’re also dealing with freelance platforms, contract workforce management companies, outsourced HR service providers and a host of other third-party vendors.
That adds up to a complex network characterised by inefficiencies and delays. And naturally, that often translates to inflated costs and overspending. Many organisations don’t fully understand their supply chain costs at all.
If that’s your situation, don’t panic — there is another answer. By opting for a comprehensive workforce solution, you can streamline your talent supply chain, reduce your reliance on multiple middlemen, and cut costs at the same time.
Read on for 10 ways CXC can help you to achieve this in 2024.
10 ways CXC can streamline your talent supply chain
Ready? Here are 10 ways our solutions can help you streamline and optimise your talent supply chain in 2024 and beyond:
- Consolidated talent sourcing
Many businesses use a range of different suppliers to source talent. And sometimes this makes sense. For example, you might need to hire workers with hugely different skill sets. And not every supplier will be able to meet all of your needs.
At CXC, we’ve been in this business for a long time — more than 30 years to be precise. That means we’re experienced in hiring for all sorts of industries, across many different locations. Put simply, when you work with CXC, we can consolidate your sourcing needs into one solution — reducing both complexity and cost.
- Efficient contract management
We’re a global company, operating in more than 100 countries worldwide. And we can offer tailored, compliant contracts in every one of those countries. That means we give you the reassurance that every one of your workers is engaged compliantly and legally.
But we can do much more than that. If you opt for our contractor management outsourcing (CMO) service, we’ll manage your contractors’ entire lifecycle from beginning to end. That starts with a comprehensive vetting and compliance process before contractors are engaged, and covers onboarding, payroll, offboarding and redeployment — and everything in between.
- Streamlined communication channels
The more complex your talent supply chain gets, the more difficult it is to properly communicate with all of the parties involved. Understandably, this can lead to mistakes, misunderstandings and inefficiency.
With CXC, things are different. You’ll have a dedicated account manager who will work with your team and act as your single point of contact for all questions or concerns. Translation: your team will save hours in unnecessary back-and-forth and admin.
- Cost-effective solutions
When you work with so many different middlemen, costs can quickly spiral. And managing invoices and payments from several different providers can add a lot of work for your team.
At CXC, we offer various pricing models based on our clients’ needs. But they all have one thing in common: transparency. That means you’ll always know exactly what you’re going to pay, with no hidden costs or nasty surprises.
And there’s another bonus too: because of our expert compliance and vetting service, you’ll also save money on unnecessary fines and legal fees.
- Faster recruitment cycles
At CXC, we have strong relationships with a lot of different agencies and vendors the world over — as well as our own talent pools. That means we can find you the talent you need, fast.
We offer a variety of different sourcing solutions depending on your exact situation. For example, if you need to source a large number of contractors very quickly, our direct sourcing solution could be right for you.
Or, if you have a lot of hires to make over a longer period (and your internal team is struggling to keep up), you could opt for our recruitment process outsourcing (RPO) solution.
The point is, whatever option you choose, our team has the experience and expertise needed to find you the right people, when you need them.
- Compliance and legal expertise
Managing a talent supply chain comes with a lot of risk. For example, misclassifying employees as independent contractors could lead to fines and legal fees — even if you didn’t do it on purpose. And there are a whole number of issues related to tax, insurance, immigration and co-employment that you could run into as you put together your workforce.
With CXC, you don’t have to worry. First of all, with our user-friendly online platform, CXC Comply, you can easily classify, assess and vet every worker you engage. Our team also has an in-depth understanding of the local labour laws and international regulations that govern your workforce. And, thanks to our network of tax law and immigration partners, we can provide the right advice to protect your business.
- Access to quality talent
Our team are experts at sourcing, attracting and effectively vetting talent to make sure they’re right for your organisation. That means you can avoid one of the biggest inefficiencies in many supply chains: time lost on people who don’t work out in the long run.
We can also work with you to create an engaging onboarding process for your workers, and be there to support them throughout their lifecycle with your organisation. That means there’s a much greater chance of them sticking around for the long run or returning for a different project down the line.
- Advanced technology and analytics
Working with an experienced partner like CXC gives you access to the tools and technologies you need to optimise your processes and streamline your supply chain.
Plus, our experts are familiar with most popular ATS and VMS systems. That means if you already have your tech stack set up as you like it, they can slot right in with zero friction.
Our solutions also give you access to advanced analytics about the state of the market in your industry and how well your internal processes are working for you. That means you’ll have all the information you need to build stronger processes that make sense in today’s business landscape.
- Customised workforce solutions
Over the past three decades, we’ve developed a lot of different solutions to help businesses like yours build robust, scalable talent supply chains. But we also understand that every business is unique.
Thanks to our extensive industry experience, we can create bespoke solutions that work for our clients, whatever their needs are. Put simply, if we don’t already have the right solution for your organisation, we’ll build it.
Over the years, we’ve helped businesses from start-ups to global enterprises, in industries including media, retail, aviation and tech to build scalable, cost-effective workforces.
- Ongoing support and consultation
When you work with CXC, you won’t just get a ready supply of workers. You’ll also get ongoing support, advice and consulting from our expert team throughout those workers’ lifecycles with your organisation.
We’ve been in this business for a long time, after all — that means we have the insights you need to help you grow your business confidently and compliantly. Any questions? Your dedicated account manager will always be on hand to answer them.
An integrated and efficient approach to talent acquisition
At CXC, we can consolidate your entire talent supply chain under one programme. With our streamlined, straightforward and cost-effective approach, you can make sure you’ll always have the people you need without dealing with a complex and unwieldy network of suppliers.
Want to learn more? Speak to our team to get started.