Workforce Logiq is a global industry leader, offering a range of contingent workforce/service solutions — like MSP, direct sourcing that the company calls “self-sourcing,” classification compliance, payrolling and analytics from the recently acquired ENGAGE Talent. The Workforce Logiq technology platform was significantly upgraded/modernized over the past two years, bringing it up to technological parity, at the very least, with competitors. Currently, the company’s VMS capabilities are available only as a part of an overall managed services agreement.
The company manages over $3 billion in spend across 50 countries with about 50,000 active buy-side users. Today — demonstrating its wide applicability — Workforce Logiq serves large and midsize enterprise clients across many industries, with over 75% of clients in IT Services, Technology, Telecommunications, Automotive, Financial Services, Healthcare, Energy, Retail and Media.
Workforce Logiq leverages a range of proprietary technology solutions (e.g., VMS, self-sourcing/talent pool management, data management and AI-driven predictive analytics, etc.) to deliver its service solutions to clients. CEO Jim Burke has shared his view of the company as “a technology-enabled services business” that combines “technology, data and a global team of industry expert advisers.”
Over the past two years, the company has invested heavily in its technology. That includes significantly upgrading its VMS technology solution as well as acquiring ENGAGE Talent, a data management and AI-driven analytics platform. The modernized VMS and cross-over to the ENGAGE Talent platform has resulted in Workforce Logiq significantly stepping up its technology game relative to many of its competitors.
Workforce Logiq’s VMS capabilities include those for the sourcing and management of temporary staffing and SOW-based services. However, in our Spring/Q1 2020 SolutionMap ranking of technology vendors, the VMS was scored only in the Temp Staffing category. In that SolutionMap category, the scoring also accounts for the availability and on-going integration of ENGAGE Talent analytics capabilities.
The Spend Matters SolutionMap’s Spring/Q1 2020 release contains functional and customer satisfaction benchmarks on 69 providers within the procurement technology landscape. But where does Workforce Logiq stand out most and help “set the bar” in solutions for the sourcing and management of temporary staffing, and why should this matter for procurement and finance organizations?
Let’s delve into the SolutionMap benchmark to find out where Workforce Logiq is great.
“What Makes It Great” is a recurring column for SolutionMap Insider subscribers. The columns share insights from each SolutionMap update, which are now released in the spring and fall. Based on both our rigorous evaluation process and customer reference reviews, these columns offer quick facts on the vendor, describe where it excels, provide hard data on where it beats the SolutionMap benchmark and conclude with a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider it.