CBA has set up a new ‘contractor hub’ with the assistance of SAP and Hays Expertise Options as a single area to resource, engage and control its at least 2000-sturdy ‘contingent workforce’.

The hub was deployed underneath what was regarded internally as ‘Project Flex’.

It is crafted on SAP technologies together with Ariba and Fieldglass, and implemented by Hays Expertise Options as part of what is touted as “the premier managed services plan in Australia.”

“The option presents a dependable procedure to engage with authorized suppliers on preset prices, making it possible for CBA to catch the attention of talent faster by a digitised choice and acceptance procedure as properly as a lessened on-boarding time period to strengthen contractor productiveness,” information and facts on the task states.

“At the very same time, related information insights into the total workforce population are offered for quickly and trusted governance oversight.”

Hays Expertise Options handling director for APAC Shane Minor mentioned that when “many organisations in the marketplace have put in area a contingent workforce plan underpinned by a vendor management process … pretty handful of have succeeded with the quantity of transitions and sophisticated technologies integrations that has been reached at CBA.” 

“The purpose has normally been to strengthen CBA’s obtain to the finest contingent talent in the marketplace and the tough function of the very last 12 months has laid the foundations to definitely differentiate the bank as an employer of preference for this significantly important demographic,” Minor mentioned.

“It’s been wonderful sharing the experience with CBA and we seem forward to the future stage of the partnership and creating on the achievements to date”. 

The contractor hub is giving CBA with very clear visibility on whole contractor tenure as properly as a standardised screening procedure for all such employees.

It has helped the bank to carry the amount of contractors engaged by a panel of most popular suppliers from close to seventy five percent to in excess of 99 percent, with distinct components of the organisation in a position to “self-serve” obtain to contract assets via the hub.

Additionally, the hub is also enabling CBA to decrease fees.

“Our contractors are an important part of our workforce and Fieldglass presents them with a substantially improved time-sheeting, payroll and guidance experience,” CBA’s team executive for plan shipping and delivery Scott Wharton mentioned.

“Streamlining our payroll and insurance coverage expenses by making use of a single hub implies we are not only serving to to simplify the bank, we are also contributing to minimizing Team fees.”

iTnews sought added specifics of the procedure that CBA’s distinct business enterprise models use in get to deliver on contract assets by the Hays MSP arrangement and SAP process, but been given only a typical response confirming the task took area.

“Where by CBA wants to obtain quick-time period knowledge, we use a contractor panel option – backed by SAP technologies – that is in a position to hook up CBA to contractors,” a CBA spokesperson mentioned.