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Open Versus Closed Marketplaces

Transparency May 03, 2016
It is so refreshing to see so many contingent labor programs shifting away from a closed marketplace, employing open market drivers and seeing almost instant results.

What do we mean by open v. closed?

It’s simple, in an open marketplace, suppliers are open to communicate with hiring managers. They understand their requirements and submit candidates at a rate that the supplier sets. All of this occurs in a highly competitive marketplace, which ensures the highest service, qu...

Don't Fall in Love With Your Contractor

Transparency Jul 28, 2014

Don't Fall in Love With Your Contractor

A great contractor takes initiative, meets deadlines and is pleasant to work with. They're also honest and open about their work hours and budget. When you find a contractor of this caliber, you do everything you can not to lose them; you might even be considering incentivizing him or her by offering them a supervisory role. Without realizing it, you have fallen in love with your contractor and now it's time to take a step back.

L...

Want the Same Quality Talent for Less Money? Try This

Transparency Mar 28, 2014

Want the Same Quality Talent for Less Money? Try This

Goods versus services. Supply versus demand. Economists have been debating these concepts since the days of Adam Smith, the father of modern economics, who proposed his theory of "the invisible hand" — the thinking that self-interest in a free market creates a competition that benefits all of society by keeping prices low and promoting a wide variety of goods and services.

Alfred Marshall, another e...

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