Contingent Workforce Risk Workshop€¦ · Contingent Workforce Risk Workshop ... Diana Gabriel, VP, Strategy & Solutions, Staffing Industry Analysts Bryan Peña ... −Prioritise

© 2013 Crain Communications Inc

Contingent Workforce Risk Workshop

Workshop Leaders:

Diana Gabriel, VP, Strategy & Solutions,Staffing Industry Analysts

Bryan Peña, VP, Contingent Workforce Strategies & Research, Staffing Industry Analysts

Richard Thorne, Director, Strategic Solutions, Europe,Staffing Industry Analysts

15 MAY 2013 | 16:15 | SAPHIR ROOM


15-16 MAY 2013

Agenda

What types of risk are there? Introduction to the risk assessment and prioritisation matrix Remediation strategies… Case Studies, what would you do?


15-16 MAY 2013

QECR Framework

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Quality

Efficiency

Cost

Risk


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Risk Categories

Strategic

Operations

Compliance/Legal

Reporting

Safeguarding resources

Personal


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Types of CW regulatory risk worldwide

Pay/Benefits EqualityMisclassification by HirerMisclassification by Supplier Co-employment Outsourcing Public Perception Supplier Legal Breach Health & Safety Immigration


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Contingent Workforce Risk Assessment and Prioritisation Matrix



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Contingent Workforce Risk Responses



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Break it down…….

1. Risk identification

2. Risk assessment and prioritisation

3. Risk response

4. Control and monitor



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Leverage the Village..


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Case Study Exercise -

Huge Telecommunication Technologies Infinity ITGlobal Pharma plc


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Break Out Discussion Time

Assign one moderator/scribeTalk through the issues identifiedShare ideas−15 minutes discussion−~10 minutes to share


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Your AssignmentDetermine - Where on the risk matrix would this risk sit? How this could have been avoided in the first place? What steps to take now to minimise the damage? What steps to take with other programmes to ensure there

will be no problems in other areas? How to minimise the chance of it happening again?


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Time to share!

Which Case Study? Where on the risk matrix would this risk sit? How this could have been avoided in the first place? What steps to take now to minimise the damage? What steps to take with other programmes to ensure there

will be no problems in other areas? How to minimise the chance of it happening again?


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SIA recommended answers to each case study

Where on the risk matrix would this risk sit?− High Risk Avoid and Reduce

How this could have been avoided in the first place? − Take a sample of Independent Contractors across a variety of staffing

firms/MSP’s and request copies of full documentation− Conduct regular reviews taking into account any new legal or other

market developments− Regularly conduct credit checks on your suppliers/MSP’s (Global Pharma)


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SIA recommended answers to each case studyContinued What steps to take now to minimise the damage?− Review all Independent Contractors operating in the country concerned,

as your immediate priority, ensuring they have the correct documentation/visa to work in the country

− Request proof of tax/social payments, where applicable, and ensure no illicit offshore tax schemes are being used

− Ensure the solution is up-to-date and not obsolete or illegal− Liaise with MSP/Staffing Agency/PEO/Umbrella/Contractor Management

Company concerned to rectify the situation May be prudent to remove the workers from site

− Move existing workers to new MSP/Staffing Agency/PEO/Umbrella/ Contractor Management Company immediately (Global Pharma)


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SIA recommended answers to each case studyContinued

What steps to take with other programmes to ensure there will be no problems in other areas?− Identify standard types of risk on a thematic basis− Prioritise those risks based on the extent of exposure country-by-country− Formulate a risk response− Control and monitor your risk− Obtain credit checks on current suppliers (Global Pharma) − Use a financial model to screen and monitor suppliers (Global Pharma)


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SIA recommended answers to each case studyContinued How to minimise the chance of it happening again?− Set up your own Risk Assessment Programme

“Understanding Contingent Workforce Risk and Developing a Global Risk Assessment Framework”

“Developing Your Contingent Workforce Risk Management Strategy”− Use a financial model to screen and periodically monitor suppliers who

play a critical role in your workforce solutions – Professor Edward Altman’s Z-Score for example (Global Pharma)

“Supplier Financial Risk Evaluation Tool” and “Summary of Financial Ratios worksheet”


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Pass worksheets forward

We will send the aggregated responses out with the final session Powerpoint


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For more information CWS Council members can download the full reports:− “Understanding Contingent Workforce Risk and Developing a Global Risk

Assessment Framework”− “Supplier Financial Risk Evaluation Tool”− “Developing Your Contingent Workforce Risk Management Strategy”

Documents

Contingent Workforce Risk Workshop€¦ · Contingent Workforce Risk Workshop ... Diana Gabriel, VP, Strategy & Solutions, Staffing Industry Analysts Bryan Peña ... −Prioritise