November 7, 2012 – Buffalo, NY – Contingent Workforce Solutions has been invited by the Ontario Ministry of Economic Development, Trade & Innovation to participate in an exclusive Trade Mission in Buffalo, New York.
Exporters to Boarder States Program Trade Mission Group is made up of Executive from various Ontario high growth companies to network with business leaders in American-Canadian boarder states.
The purpose of the mission is to grow Ontario based companies business in export markets. Through this international trade mission MEDTI looks to help these growing companies navigate international trade issues through providing education and business contacts.
Contingent Workforce Solutions (CWS) is pleased to announce that it has been chosen as a GTA finalist in the Deloitte’s 50 Best Managed Companies. We are honoured to receive this recognition only three years after our company’s inception, and we are grateful to be listed among the other successful finalists.
Canada’s 50 Best Managed Companies continues to be the market of excellence for Canadian-owned and managed companies. Now in its 19th year, this is one of Canada’s premier business awards. It celebrates companies that demonstrate vision, passion and achievement in their daily business.
CWS is thankful to all of its employees for working hard over the past three years and bringing CWS the success it has achieved. Congratulations to the other Deloitte 50 Best Managed Companies finalists and good luck with phase two of the award selection process.
 Deloitte 50 Best Managed Companies. http://www.deloitte.com/view/en_CA/ca/insights/multimedia/podcasts/e086ac37004b6210VgnVCM200000bb42f00aRCRD.htm
Staffing Industry Review recently published an article entitled “Don’t Fight Your MSP” that outlined the benefits that one supplier saw by embracing an MSP. The staffing firm profiled in the article was able to grow from a local company into a national company.
Many small to mid-size staffing agencies start to feel comfortable once they have created a lasting relationship with a local division of a fortune 500 company. However, many Fortune 500 companies, and other mid-size companies, are now implementing larger, organization-wide MSP programs that consolidate the hiring process.
This is a scary proposition for a small to midsize staffing firm. With an MSP, staffing agencies lose their sales relationships with managers, they need to deal with MSP fees, audits, and controls around margins. Many of these firms choose to fight the MSP by continuing to deal with organizations through back channels. While this may work in the short-term, it could be suicide in the long term.
With a properly managed program, the customer will know which suppliers are using the program to drive business and which are dodging the program by providing ad-hoc resumes hoping that one will stand out. Suppliers that use the later method risk being dropped altogether, while those that use the former actually stand to increase their business.
An MSP can appear to be a barrier to staffing firms, but if they embrace the program, they stand to gain business opportunities on a national and even international level.
For more information about how you can create an effective partnership with an MSP provider, click here.
Contingent Workforce Solutions (CWS) is challenging those who believe Canadian innovation is in danger by drawing attention to innovation that exists in small businesses across Canada. In lieu of the Sept 16th Globe and Mail article focusing on the danger Canadian businesses face with the decline of an innovation-giant such as RIM, CWS feels it is important to recognize that innovation is actually driven by small business.
In many cases, small companies have the same or greater innovative capability than larger companies; however they lack the resources to successfully market and sell their novel products. There are many highly educated and talented entrepreneurs in Canada that have innovative business solutions; however they have not found success because they cannot gain access to the resources that large companies have. In order to maintain or heighten the current level of Canadian innovation, more resources need to be allocated to innovative small businesses.
Jeff Nugent, founder and Managing Director of Contingent Workforce Solutions (CWS), is well versed in the challenges that new businesses face. After an extensive history in the staffing industry, Nugent saw that many companies were not equipped to deal with the administrative and legal burdens of hiring temporary and contract workers, which put these organizations at risk. He started his innovative company, CWS, which provides business process management solutions, consultation, and a unique VMS software package that allows businesses to better cope with the changing labour demands. While his solution was an innovative approach to an industry problem, he faced, and continues to deal with, many challenges. Bankers were unwilling to finance a start-up with no assets, and so he was forced to use his own savings to start the business. Also, despite Nugent’s extensive industry experience, many large businesses were unwilling to work with a new, small company for fear that it would not have the necessary resources to handle the demands of a large business.
CWS has been able to overcome many of these challenges and find success. In fact, it was recently ranked the number 1 top new growth company by the 12th Annual Profit Hot 50. Lter in its evolution, CWS was lucky to receive Industrial Research Assistance Plan (IRAP) funding, which helped to offset the cost of developing its specialized software. The software has helped to fuel CWS’ success, which shows that such resources are imperative to innovation. However, many innovative entrepreneurs do not have the personal resources to overcome the initial challenges, meaning that their innovations never reach full potential.
There’s no doubt that large, innovative companies, such as RIM, help to drive the Canadian economy. However, smaller companies contributing to the economy and innovative landscape with unique products and services. In order for these small, innovative, Canadian companies to exist and thrive, more resources need to be available to them.
King, Steve, and Ockels, Karen. Intuit future of small business report. Research brief: Defining small business innovation. The Intuit Future of Small Business Series. March 2009.