Start Date
16-8-2018 12:00 AM
Description
More than a decade and a half’s worth of data contributes to the successful provision of labor-hire to mining and construction. A labor-hire company’s database underpins its ability to provide customers with value in utilizing a Labor-hire service versus Full Time employment. We develop a model of labor-hire based on interviews, a survey, and an examination of labor-hire policies including costs and conditions between in-house hiring versus a labor-hire service. An employee history database and management system are at the heart of the business model, supporting business processes at each stage of the business. We show that the use of labor-hire translates into significant savings emanating from reductions in overhead costs, turnover, and absenteeism. Fundamental differences in employment contracts and net cash flow benefits exist. Intangible benefits include the ability to vary pay rates, and other employee benefits in line with market conditions.
Recommended Citation
Heales, Jon; Agrey, Renae; and Lam, Tri, "Employee Database Creates Value for Labor Hire Firm and Clients" (2018). AMCIS 2018 Proceedings. 22.
https://aisel.aisnet.org/amcis2018/StrategicIT/Presentations/22
Employee Database Creates Value for Labor Hire Firm and Clients
More than a decade and a half’s worth of data contributes to the successful provision of labor-hire to mining and construction. A labor-hire company’s database underpins its ability to provide customers with value in utilizing a Labor-hire service versus Full Time employment. We develop a model of labor-hire based on interviews, a survey, and an examination of labor-hire policies including costs and conditions between in-house hiring versus a labor-hire service. An employee history database and management system are at the heart of the business model, supporting business processes at each stage of the business. We show that the use of labor-hire translates into significant savings emanating from reductions in overhead costs, turnover, and absenteeism. Fundamental differences in employment contracts and net cash flow benefits exist. Intangible benefits include the ability to vary pay rates, and other employee benefits in line with market conditions.