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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

VAR Declaration

A Verklaring arbeidsrelatie (VAR) was a declaration of independent contractor status that defined the status of a freelance worker (see ZZP) in the Netherlands. VARs were obtainable on application from the Dutch Tax & Customs Administration. The VAR declaration provided freelancer and the principal/ company with clarity regarding the withholding and payment of taxes and employers’ contributions, and protected the principal from liability in the event of misclassification. The VAR is being phased out from May 2017 and is being replaced by the use of model or standard contracts (Wet Deregulering Beoordeling Arbeidsrelaties DBA), which should accurately reflect the work arrangements, and which provide no protection for the employer or the contractor in the event of misclassification.

Variable Time Programs

Time/income trade-offs that enable full-time employees to reduce work hours for a specified period of time with a corresponding reduction in pay.

Vendor List

A list of approved vendors that an organization can consider using to fill its staffing needs. Organizations typically manage their approved vendor list as a way to control rogue spending with suppliers that have not negotiated a favorable contract with the company.

Vendor Management System (VMS)

A service segment of the Talent Acquisition Technology Industry. A VMS is an Internet-enabled application that acts as a mechanism for business to manage and procure staffing services through third party staffing suppliers (temporary help as well as, in some cases, permanent placement services) as well as outside contract or contingent labor. VMS systems now often include the management of Statement of Work (SOW) consultants and outsourced services within their scope of coverage. Typical features of a VMS include supplier management, order distribution, consolidated billing, risk mitigation, headcount tracking and significant enhancements in reporting capability over manual systems and processes.

Vendor Management/Supplier Management

A comprehensive approach to managing an enterprise’s interactions with the organizations that supply the goods and services it uses. Vendor management includes both business practices and software (e.g. VMS) and attempts to streamline and make more effective the processes between an enterprise and its vendors.

Vendor Neutral

A term used to describe a model in which a managed services or VMS technology handles its tasks (e.g. order distribution or candidate selection) based on client-defined policies that mandate that all (or a pre-defined set of ) staffing suppliers (vendors) be (a) given an equal opportunity to fill each order, and/or (b) selected for each order based on the same criteria. Under a vendor-neutral model, a managed services or VMS provider could not, on its own accord, push orders to itself or any other staffing vendor. The presumed advantage of a vendor-neutral model is that the best supplier with the best candidate will fill each position. The term is sometimes used in a stricter form to refer to an independent managed service provider that is completely autonomous, or semi-autonomous, from the staffing suppliers. A common alternative model is a combined MSP/master supplier approach. Here the master supplier also acts as the MSP, and, with the full support and knowledge of the client, pushes a disproportionate share of orders to itself. Orders it cannot fill itself are sent to other staffing suppliers. The presumed advantage of this approach is volume pricing discounts for the client, and potentially a supplier that gets to know the client’s needs more intimately.

Vendor on Premises (VOP)

On-site coordination of a customer’s temporary help services through an exclusive, long-term general contractor relationship with a temporary help company. The designated vendor on premise may enter into subcontracting relationships with other temporary help suppliers, or such relationships may be specified by the customer.

Vendor Tiering

Model in which vendors are invited to fill positions in a well-defined order and often with time triggers. For example, a temporary vacancy will go to Tier 1 vendors first, and then to Tier 2 vendors if not filled within a certain time period.

Vendoring

The provision of business services by an outside supplier (vendor), where the vendor brings its own employees on-site to perform a specific function, such as running a cafeteria or providing security services, or uses its own employees off-site to perform a specific function that was formerly done by the customer.(See also: Outsourcing, Insourcing.)

Vendoring Out

Contracting with an outside business service to provide either on-site or off-site vendored services that may have been previously handled directly by the customer.(See also: Outsourcing.)
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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