Standard Chartered Gains Agility With Total Workforce Solution
SAP News, Friday, July 28,2023
Faced with ever-evolving business priorities, organizations are increasingly looking to external workers to bridge the skills gap and attain success - which means the external workforce is only expected to grow.
An Economist Impact study, sponsored by SAP, found that 50% of organizations plan to increase their use of external workers, which can include independent contractors, consultants, freelancers, temps, and other outsourced labor. It's critical, therefore, that organizations have a total workforce management strategy that integrates both employees and external workers.
Standard Chartered is a leading international bank headquartered in London with a presence in 59 markets. With over 83,000 employees and almost 14,000 external workers, implementing a total workforce management strategy was crucial for the bank to remain competitive and compliant.