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Summary: The estimated value of human capital costs is nearly 10% of the GDP, or $200 - $300 billion.1 Of this, $80 - $140 billion is spent on "contingent" workers, or free agents in all sectors, including contract workers, consultants, on-call workers, office temps, and hourly blue-collar workers. In an ongoing quest to reduce operational costs, companies are seeking ways to streamline their sourcing, procurement, and accounting processes, particularly those associated with such contingent workers...(full document below)
