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Glossary

Flexible Workforce Glossary

From Employer of Record to Total Talent Management, this glossary covers the essential terms you need to understand the flexible workforce landscape. Each entry explains the concept, how it works in practice, and how it connects to building a modern talent strategy.

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TV

T

  • What Is a Talent Marketplace?

    A talent marketplace is a digital platform that uses algorithms and data to match organizations with skilled professionals for project-based, contract, or full-time work, enabling efficient and transparent talent transactions.

    Technology

V

  • What Is a VMS (Vendor Management System)?

    A Vendor Management System (VMS) is a cloud-based software platform that enables organizations to manage and procure contingent labor by centralizing requisitions, supplier management, time tracking, invoicing, and compliance in a single system.

    Technology

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