COMPAS Releases Temp. Workforce Management Tools
April 2, 2010
San Francisco, CA - The Labor Department reports that roughly 162,000 new jobs were added in March. Of those news jobs roughly 48,000 were considered temporary employment and many Wall Street analysts suggest this is a good indicator of a hopeful return in the US economy. Their belief is that many of these temporary hires will over time be converted to regular employment.
Does your Staffing Company utilize a platform that provides you with temporary workforce management tools? If not, get in touch with a representative to give you the details on how COMPAS can positively impact your revenue while decreasing your administrative expense.
The economic recovery will force most companies to hire only temporary people and those companies will lean more on staffing providers that come with their own tools:
- Contract Management – It has become increasingly important for a staffing provider to posses tools to provide real time contract management reporting. Contract management goes further than just having the candidate start date and end date.
- Purchase Order Reporting – Large organizations are now requiring that staffing providers manage the level of the purchase orders due to limited or sluggish reporting capabilities on their end.
- Web Base Time & Attendance – To streamline the reporting process, web based time and expense capturing has become a must for staffing companies to compete. Additionally, having a web based tool set like COMPAS will also provide you the ability to seamlessly push your invoice information to your accounting software (QuickBooks or GP) and your payroll data to your payroll processer (ADP or Paychex).
Why Staffing Providers Need Business Intelligence Tools:
- Contract Pipeline Forecasting – COMPAS provides tools that allow managers, division leaders and owners the ability to accurately report on the current value or the temporary positions currently in pipeline.
- Active Contract Forecasting – COMPAS provides the ability for their users to see their forecasted sales in a water fall chart. Thus allowing organizations to properly identify their Revenue, Cost of Service and Gross Profitability numbers.
- Commission Allocation – Most staffing companies have commission programs in place to incent their recruiting and sales representatives. COMPAS has an integrated commission reporting tool that provides users access to commission reports.
About COMPAS:
COMPAS was developed by a San Francisco based recruiting team who was thoroughly dissatisfied with the functionality and pricing of tools and technologies available for recruiting and staffing. Adhering to the core principles of “simplicity,” “speed,” and “software-as-a-service,” the team grew COMPAS from a simple Applicant Tracking System into a comprehensive and powerful tool which fundamentally enhances the efficiency and effectiveness of the recruiting and staffing process.