American businesses spend more than $425 billion per year on contingent labor, according to a 2009 Staffing Industry Analysts Contingent Workforce Estimate. The strong contingent workforce is evidence of a shift in current employment models. Businesses are pulling resources from the labor force when and where needed, creating a new, more fluid dynamic in the overall workforce. [Source]
This is how Wikipedia describes Fieldglass
Fieldglass provides a vendor management system (VMS) called Fieldglass VMS, a cloud-based technology used to manage the non-employee workforce of contingent workers (independent contractors). The various business processes that such management comprises include procurement, statements of work, project management, and payment. In 2014, Fieldglass was recognized in The Forrester Wave: VMS, Q1 2014 by Forrester Research, Inc., as the highest-scoring VMS provider in Contingent Workforce Management/Vendor Management System (CWM/VMS) functionality and market presence.
If you are HR Technology professional, this is an area where you may have to develop knowledge and expertise. At the very least you should know what is Fieldglass and how it is integrated with SAP ERP HCM and SuccessFactors. My colleagues have already started the integration plan. We will be outlining them soon at upcoming events and communications. Here are some resources to get started.
1. A report on the contingent workforce by Deloitte Consulting
2. An infographic on the independent workforce from hireright.