Human Resources Services

Strategic Sourcing Services for Human Resources

Human Resources departments play an integral role in driving a competitive advantage for businesses through every company’s unique differentiator: their people.

Corcentric’s HR Sourcing experts understand HR’s challenges when it comes to managing talent, leveraging the right technology, and developing programs that empower their human capital. Our strategic sourcing experts can assist organizations in building business strategies, reducing administration costs, and implementing a roadmap to manage and optimize the strategic goals of Human Resources.

Our strategic sourcing consultants focus on the unique needs of your organization, developing and providing a customized approach for your HR department to drive cost savings and value. This approach includes:

A detailed spend analysis and contract audit to understand your profile and requirements. Based on this initial spend analysis, our sourcing team can prepare a strategy report with recommendations specific to your company.

Benchmarking services using our internal market intelligence to provide you with critical insight into how your current organization compares to your peers and competitors, as well as specific recommendations based on our expertise in the HR industry.

Full strategic sourcing initiatives encompassing market research, vendor identification, RFx, contract negotiations, recommendations, program implementation assistance, and ongoing audit and continuous improvement services.

The results of our process go beyond cost savings. Corcentric looks to help demonstrate the value of HR programs to your organization. As part of our overall service offering, we work with HR teams to manage and build relationships with your providers to create value to your organization. Our consultants work with the HR team to understand your requirements and adapt to your culture. Corcentric will provide recommendations to optimize the solutions you have in place and will leverage our unparalleled market intelligence to work with incumbent or alternate providers to develop best in class HR programs.

Corcentric has assisted many of our clients manage their spend across various HR categories, which include:

Talent Management Solutions

Employee Recognition Programs
Employment Screening Services
Relocation Services
Temporary Staffing and Contract Labor Staffing

Executive & Employee Compensation

Talent Consulting Programs
Insurance and Benefit Programs

Human Resources Technology

Payroll Processing
Vendor Management Systems (VMS)

A Case Study

The world’s largest GPO engaged Corcentric to develop a category offering for employment screening services. The offering had to be comprehensive to meet the requirements of the GPO’s global membership that covered multiple industries from manufacturing to financial institutions.

A committee of GPO members was established to participate in the sourcing process and a thorough data collection and interview process took place. Each member organization’s HR group was engaged to develop a list of criteria it required for an employment screening provider, including a long list of background checks and drug screening, national and international turnaround times, and compatibility with current applicant tracking systems. Once data collection was complete, our strategic sourcing team conducted an RFI and RFP process to select finalists to present their capabilities in greater detail through onsite presentations to the committee and GPO executives.

Corcentric’s final negotiations resulted in an average savings of 26% across the committee of members. Our skilled strategic sourcing team was able to implement a single-source provider for all GPO members that allowed them to create customizable employment screening programs based on each member’s requirements, provide a single point of contact for the members, and deliver custom reports and guaranteed service levels.