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Contingent Workforce Industry Leader ProcureStaff Joins Forces with Other Experts to Promote Best Practices.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- ProcureStaff, a subsidiary of Volt Information Sciences Inc. (NYSE NYSE

See: New York Stock Exchange
: VOL VOL Volume
VOL Volunteer
VOL Volcano
VOL Volvo (stock symbol)
VOL Verdingungsordnung für Leistungen (German)
VOL Volatile Organic Liquid
Vol Volscan (linguistics) 
), announced today that it has teamed with the Human Capital Institute (HCI (Human Computer Interaction) Refers to the design and implementation of computer systems that people interact with. It includes desktop systems as well as embedded systems in all kinds of devices. ) and a coalition of six other contingent workforce A contingent workforce is a provisional group of workers who work for an organization on a non-permanent basis, also known as freelancers, independent professionals, temporary contract workers, independent contractors or consultants.  industry leaders to form a Vendor Management Standards Committee, that will focus on developing and publishing best practices and industry standards related to vendor management.

"The business model for managed staffing programs has evolved and matured considerably over the past five years as more and more companies have implemented third-party staffing solutions. The results of our work with HCI will enable companies implementing third-party solutions to leverage all the best practices of the early adopters and to guide them through the research and due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired.  process," said Ben Walker, Vice President of Strategy & Client Solutions for ProcureStaff.

ProcureStaff and other Committee members share a vested interest Vested Interest

A financial or personal stake one entity has in an asset, security, or transaction.

Notes:
For example, if you have a mortgage, your bank has a vested interest on the sale of your house.
See also: Right
 in helping define industry standards for Managed Service Providers (MSP (1) (Management Service Provider or Managed Service Provider) An organization that manages a customer's computer systems and networks which are either located on the customer's premises or at a third-party datacenter. ) and the organizations that use MSPs to help manage their contingent workforce requirements.

"ProcureStaff is excited about our collaboration with this prestigious group of market leaders, and we're confident that all of our hard work will provide considerable benefit to a marketplace that's hungry for standards and best practices," adds John Campellone, President of ProcureStaff.

ProcureStaff will play an instrumental role in the Committee's efforts to conduct extensive research that provides performance measurement guidelines based on evolving vendor management best practices. The guidelines will serve as a baseline for enterprise organizations to use with any vendor management or MSP engagement. The Committee intends to publish a final draft of the standards in the first quarter of 2007.

Ben Walker along with other board members of the Standards Committee will be participating in a complimentary HCI webcast entitled en·ti·tle  
tr.v. en·ti·tled, en·ti·tling, en·ti·tles
1. To give a name or title to.

2. To furnish with a right or claim to something:
 "Best Practices in Contingent Workforce Management: Best of the Best 2006" on Friday, December 15, 2006 from 12:00 to 1:30 pm EST EST electroshock therapy.

EST
abbr.
electroshock therapy
. To learn more or register for the webcast, please visit our website at www.procurestaff.com under the News & Events page, or you may also access the registration page directly by visiting the Talent Strategy Community at www.humancapitalinstitute.org.

About ProcureStaff, Ltd.

ProcureStaff, Ltd., a subsidiary of Volt Information Sciences, Inc., provides specialized software and services that streamline and manage services procurement. ProcureStaff's solution improves efficiencies in the entire procurement lifecycle, including vendor management, sourcing, spend management and invoicing, reconciliation and payment for enterprise clients. For additional information, please visit the ProcureStaff, Ltd. web site at http://www.procurestaff.com.

About The Human Capital Institute

The Human Capital Institute is a think tank, educator, and global professional association dedicated to the advancement of talent management practices with individuals and organizations. HCI serves as a catalyst for innovative thinking in integrated talent strategy, acquisition, development, engagement, management, and measurement. Through research and collaboration, HCI programs collect original, creative ideas from a field of the brightest thought leaders in talent management. Those ideas are then transformed into measurable, real-world strategies that help its members attract and retain high-performing people, build a diverse, inclusive workplace, and leverage individual and team performance throughout the enterprise. HCI members represent a broad coalition of educators, talent managers and executives. For more information, please visit: www.humancapitalinstitute.org
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 13, 2006
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