Joiner/Leaver Survey | Market, Trends, Growth | Suppliers Analysis

Strategic Sourcing Guide to Joiner/Leaver Survey Procurement

Overview

HR Services market around the world is undergoing rapid transitions that have a massive potential to influence the way companies strategize for Joiner/Leaver Survey procurement and the cost they have to incur. The market has undergone several structural changes including M&As and vertical integration efforts of suppliers. This has resulted in some issues such as erosion of previously established supplier relationships but has also opened new opportunities to onboard new suppliers with a wider range of offerings.

Suppliers are increasingly offering a 'bundle' of services which is marketed as a cost saving option. The bundled offering often includes services that are not required by the buyer or are charged at a much higher rate than an A la carte option with another supplier.

Even though global population is increasing, the availability of adequately trained talent pool is reducing in many geographies. Lack of skilled in-house manpower continues to be the largest factor for hiring of Joiner/Leaver Survey. Companies are designing processes where the internal talent can work on the most value-adding activities and all non-core activities can be handed over to a third-party.

Joiner/Leaver Survey Procurement Best Practices

The report discusses in detail the best practices that have served well the category managers responsible for Joiner/Leaver Survey procurement.

For example, Buyers should promote competitive bidding scenarios and supplier competition to gain cost and value benefits. Bids should be invited from a substantial pool of service providers that can meet their requirements.

Category managers should track and measure suppliers' performance against a predefined set of KPIs that are agreed by both parties during contract negotiation. Results of the metrics can be linked to the employee satisfaction achieved in managing employee services and cost saved by successfully integrating various HR services with such administration.

Buyers should engage with suppliers that automate the process of handling any claims or requests through cloud-based software. Once initiated by an employee of buyer organization, suppliers' staff or the system itself can provide guidance for next steps. All necessary stakeholders can check the real-time status through web-based platform and take actions accordingly.

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Risks in Joiner/Leaver Survey procurement

Joiner/Leaver Survey procurement managers also need to proactively identify and mitigate potential risks that can arise in the supply chain or contracts for Joiner/Leaver Survey procurement. Some examples include:

Service providers often handle sensitive data of their customers. Though they employ security measures to protect such data (by deploying security software and limiting access), there is always a chance of intrusion by unauthorized users which can lead to significant financial and reputational losses for buyers
Business interruptions/damage caused by human error, natural disasters, computer viruses, malicious attacks, computer denial of service attacks, fire, and other disasters which are beyond the control of suppliers can lead to financial or data losses within buyers' operations
Many service providers offer services via SaaS, mobile technology, and desktop software. If they do not remain up-to-date with the latest technologies and keep up with changing industry standards, they may not only be unable to resolve clients' problems but also lose the interest of potential clients

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Who should read this report

The report is intended to serve as a one-stop reference guide for Joiner/Leaver Survey procurement strategy and offers a perfect blend of category basics with deep-dive category data and insights. Therefore, it is ideal for category beginners looking for “Joiner/Leaver Survey: Procurement Report 101” as well as for category experts actively tracking the global Joiner/Leaver Survey procurement market.

You may have just initiated your research to design a winning Joiner/Leaver Survey procurement strategy, or you may be a category expert looking for strategic insights and updated data.Either ways, the report has your requirements covered.

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Key questions on Joiner/Leaver Survey procurement answered by this report

Procurement decisions can prove to be costly in the absence of careful deliberation and evaluation of every available option. In fact, more than 90% of the decision makers we work with acknowledge that timely availability of up-to-date category intelligence can help them make better purchasing decisions. More than 80% of them believe that in-house category intelligence needs to be updated periodically to achieve full benefits. If you have read so far, we are quite sure you agree!!

The Joiner/Leaver Survey procurement report helps take more informed decisions by placing all the critical information and advice at the fingertips of a decision maker. It also specifically answers some of the key questions that we have been routinely asked during our industry outreach initiatives:

What is the spend potential in the Joiner/Leaver Survey market?
What is the correct price to pay for Joiner/Leaver Survey? What are the key trends and factors that influence current and future pricing?
Which selection criteria are the most important for Joiner/Leaver Survey Suppliers Market?
Who are the top Joiner/Leaver Survey suppliers? What are their cost structures?
Which negotiation levers can reduce Joiner/Leaver Survey procurement cost ?
What are supplier margins in Joiner/Leaver Survey market?
What are the best practices for Joiner/Leaver Survey procurement and what are the potential risks?

SpendEdge Insights has helped procurement professionals and sourcing teams manage multiple spend areas and achieve more than $2 billion in savings. Activate your free account today!

Joiner/Leaver Survey Category Insights: What is inside

The Joiner/Leaver Survey market report offers a complete picture of the supply market and analyzes the category from the perspective of both buyers and suppliers. Analysis of the category trends, procurement best practices, negotiation levers and overall category management strategy advisory are interspersed with in-depth data and commentary on spend outlook, pricing ecosystem and supplier landscape drilled down to a region-level coverage.

Data

A key highlight of this report is the in-depth outlook created on Joiner/Leaver Survey procurement spend and pricing trends. The report further delves deep into the aspects of cost structure, total cost of ownership and supplier margins for Joiner/Leaver Survey. A dedicated section to supplier profiles and evaluation helps decision makers cast a wider procurement net and identify gaps in existing relationships.

Insights

Along with specific category and supplier intelligence, the publication also includes curated insights on Joiner/Leaver Survey market trends, price influencers and inherent risks. These insights help the decision makers prepare for market shaping trends in advance and create alternative strategies for changes in the market conditions.

Advisory

Additionally, the report also advises on the best practices and strategies to manage the Joiner/Leaver Survey category efficiently. Negotiation levers and opportunities are explained in detail along with quantification of their potential. Benchmark KPIs for supplier and buyer performance management are also aggregated to better organize the category objectives. Other themes of advisory include ideal procurement organization structure, enablers to achieve KPIs or category objectives and ideal SLAs to have with suppliers.

Category Ecosystem

Buyer and supplier ecosystem
Competitiveness index
Buyer and supplier power
Threat of new entrants and substitutes

Global and Regional Sourcing Insights

Category spend
Spend growth
Dynamics
Opportunities

Pricing and Cost Analysis

Pricing outlook and data
Drivers of pricing
Cost structure and inputs cost
Total cost of ownership
Pricing models and margins

Cost Saving Opportunities & Negotiation Strategies

Buyer and supplier side levers
Quantified cost saving opportunities
Negotiation strategies and quantified outcome

Procurement Best Practices, Strategy and Enablers

Procurement excellence
Sustainability and innovation
KPIs and category enablers
Risk management and outsourcing

Vendor Analysis

RFx essentials and selection criteria
SLAs
Supplier evaluation metrics
Detailed supplier profiles

Our research is complex, but our reports are easy to digest. Quantitative analysis and exhaustive commentary is placed in an easy to read format that gives you an in-depth knowledge on the category without spending hours to figure out “what does it mean for my company?”

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Category Research Framework

SpendEdge presents a detailed picture of Joiner/Leaver Survey procurement solutions by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.