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Expert Advice + Resources

Market dynamics are always changing. That’s why we stay on top of industry trends and deliver powerful resources to keep your business growing.

Business Hub

Expert Advice + Resources

Market dynamics are always changing. That’s why we stay on top of industry trends and deliver powerful resources to keep your business growing.

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Why Partner with an MSP?

NAVIGATING THE CONTINGENT WORKFORCE LANDSCAPE

Contingent labor is a rapidly growing segment of today’s workforce—and for good reason. It provides employers with a cost-effective, steady workforce, while offering workers flexibility and balance not found in traditional jobs.

A contingent workforce also presents its own challenges. It is often handled by multiple department managers within a company, each often using a different staffing vendor. As a result, the organization’s staffing model is riddled with inconsistencies and compliance risks. Some workers may be redundant, hired at higher rates, or not tied to the appropriate cost center.

This is why more and more businesses are turning to a Managed Service Provider (MSP).

What is an MSP?

An MSP arrangement is when an outsourced agency manages an organization’s temporary and contingent workforce program. The MSP takes on the recruiting process and provides candidates from their own talent pools and often from other agencies as well. This partnership can be managed on- or off-site depending in the complexities of the program.

Why Should You Consider an MSP?

1. Risk Mitigation

An MSP helps reduce risks related to co-employment, unemployment claims, and workers’ compensation. By managing these aspects, the MSP minimizes potential liabilities and ensures a smoother compliance landscape.

2. Compliance

With an MSP, you transfer the responsibility of worker classification and status to a specialist, ensuring adherence to all federal and state laws. This includes managing classifications such as exempt vs. non-exempt and contingent vs. permanent.

3. Cost Savings

MSPs implement strategies to control costs, such as conducting pay rate reviews, standardizing job titles, and negotiating supplier bill rates. This helps you avoid overpaying and optimize your budget.

4. Time Savings

By handling administrative tasks like onboarding and offboarding, an MSP frees up your internal resources. This reduces the workload on your HR and procurement teams, allowing them to focus on core business activities.

5. Transparency

Access advanced technology and reporting tools provided by the MSP. These tools offer insights into workforce performance, helping you make data-driven decisions and enhance overall operational efficiency.

6. Quality

An MSP can improve key metrics such as time-to-fill, interview-to-hire ratios, and employee retention. This ensures you bring in quality talent quickly and keep them engaged.
Build a robust pipeline of potential permanent employees. An MSP can help identify high-performing contingent workers who could transition into full-time roles, supporting your long-term talent strategy.

7. Talent Stream

Build a robust pipeline of potential permanent employees. An MSP can help identify high-performing contingent workers who could transition into full-time roles, supporting your long-term talent strategy.

Ready to Optimize Your Contingent Workforce?

Consider partnering with an MSP to streamline your workforce management and focus on growing your business. Learn about our Outsourcing Solutions, and then reach out to explore how we can help you achieve a more efficient, compliant, and cost-effective contingent labor solution.

By leveraging an MSP, you can simplify the complexities of contingent labor management and position your organization for greater success.

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