Smarter saves money

Effectively manage indirect costs

This practical guide could help you reduce the indirect costs associated with engaging temporary labour. As procurement or human resources professionals with responsibility for managing your organisation's contingent labour programs, you'll get useful insights and tips on how to control your recruitment spend by managing the indirect costs of temporary labour.

Key themes we cover in this guide include:

  1. Contract management costs: the resource costs associated with managing the use of temporary labour and recruitment agencies.
  2. Transaction processing costs: regular recurring resource costs associated with transaction handling, such as the time taken to brief recruitment agencies, shortlist candidates, review and approve time sheets, process invoices, reconcile invoices, manage queries and pay recruitment agencies.
  3. Opportunity costs: these result from inefficiencies or the need to undertake tasks again, for example, workers not being as productive as required or leaving an assignment earlier than planned.

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