A State of the Industry: VMS Professionals Conference Recap

When we launched our blog last month, I shared with you some details from the upcoming VMS Professionals conference. Held on Thursday, May 31 and Friday, June 1, the 8th annual conference offered a great opportunity to meet with industry leaders, learn about the issues and challenges facing our businesses and talk about news and trends that affect us all.

A full agenda from the conference is available here, but for those who could not attend, I wanted to share some of my key takeaways from this year’s event:

  1. Management of contingent labor is more important than ever. Staffing Industry Analysts (SIA) recently reported that more than $1.8 trillion is spent globally on contingent labor. That number has seen tremendous increase in recent years, and the trend is expected to continue in the upcoming years. This growth demonstrates a profound expansion in complexities of global, multi-disciplined labor categories—and it means that managers of contingent labor are more critical to their organizations than ever.
  2. Legislative trends are making a big impact. In our most recent blog post, I talked about the TechServe lobby day and issues facing our industry. We were very pleased to have George Reardon, Special Counsel at Littler speak to attendees about penalties and impact of the Affordable Care Act (ACA) healthcare reform law on contingent workforce. He shared important data that explained how the reform specifically impacts contingent labor and the companies that use it. Mark Roberts, CEO of TechServe Alliance also presented on legislative activities and the importance of maintaining workforce flexibility and access to talent. It is important for us all to remain knowledgeable and get involved and it is great to have associations like TechServe Alliance working on our behalf!
  3. The role of contractors in your organization is evolving. Rebecca Pratt Bromet, Partner at Seyfarth Shaw Attorneys spoke to attendees about employment law concerns for employers using contingent labor. Partnering with knowledgeable contingent labor suppliers to ensure access to talent plus compliance with the law is critical. But also, as contingent labor becomes a stronger driving force within organizations (as noted in SIA’s $1.8 trillion spending), contractors are being viewed as much more than temporary labor. They are increasingly seen and valued as meaningful contributors to permanent teams, and an important part of businesses across the globe.

Let me extend my warm thanks to our presenters, exhibitors and attendees at this year’s conference. The conversations provided excellent insights and tools to help our businesses more effectively manage contingent labor.