Randstad Sourceright Partners with TalentWave to Drive IC Compliance
On October 10, Randstad Sourceright, a Netherlands-based provider of talent management solutions, announced that it has partnered with TalentWave, a California-based provider of contingent workforce management (CWM) solutions, in a joint venture to improve independent contractor (IC) compliance for their customers. Under the partnership, Randstad will integrate TalentWave’s automated IC compliance and engagement capabilities within its array of CWM and talent management solutions. The two companies will make their solutions available to each other’s customers, providing them with total workforce management capability, including enhanced IC classification, compliance, and engagement capabilities that also feature self-service reporting and analytics.
IQN Announces “Request for Talent” at CWM Summit
Earlier this fall, IQN, a Colorado-based provider of contingent workforce management (CWM) solutions, announced the release of a new tool, “Request for Talent,” at the annual Contingent Workforce Summit in Las Vegas. Request for Talent combines talent location, skills, experience, and pay with company labor and policy requirements in one platform to speed up the talent sourcing, selection, and onboarding process. The solution is cloud-based and integrates with IQN’s larger cloud-based CWM platform to provide hiring managers with a streamlined solution that works within the existing workforce management ecosystem.
IQN Updates and Demonstrates First Cognitive CWM Analytics Program
Also at the CWS Summit, IQN announced the release of and demonstrated its advanced CWM analytics tool, dubbed the Automated Talent Ontology Machine (ATOM). According to IQN officials, ATOM is the industry’s first cognitive analytics tool, and its inner workings may be familiar to anyone following the wave of “cognitive”, “intelligent,” or “robotic” innovation. ATOM leverages user patterns and machine learning to analyze reams of structured employee, labor, and market data from more than 130 standard job titles across more than 230 metropolitan locations in the United States. In doing so, ATOM helps procurement and supply management practitioners benchmark local labor markets to understand current rates for non-employee talent. The system also allows for automatic job title-description tagging, natural language processing, and data visualization, which can further enhance the user experience and quest to understand current market trends and future outlooks.
iHireTech Launches Online CWM Platform
On October 27, Florida-based iHireTech, a provider of cloud-based CWM solutions for technology talent, announced the release of its updated online CWM platform, meant to connect enterprises directly with freelance talent. The platform allows freelancers to register, upload their credentials, and search for gigs, while providing the same functionality with enterprises. In this way, it cuts out the middlemen recruiters and connects the two parties directly. iHireTech’s platform can provide users with project reporting and status updates, is available 24/7, including tech support.