What is a Managed Services Provider and do I need one?
A Managed Services Provider (MSP) is a critical component to managing contingent or Statement of Work workers. An MSP is an outsourced contingent workforce management solution that will manage the entire talent life cycle of contingent workers from acquisition to payment. A Managed Services Provider (MSP) will incorporate a Vendor Management System (VMS) that will provide companies with complete visibility into the status of each contingent or SOW worker in the organization.
The world of work continues to evolve – quicker than it ever has before since the coronavirus swept across the world– and organizations are increasingly investing in the power of a contingent workforce to become more agile in these disruptive times. As employers everywhere are using more forms of contingent workers in their post coronavirus recovery strategies, it’s likely that your business is also getting on board with the same transformation.
For answers, organizations committed to a more strategic approach to contingent talent monitoring and management are turning to a Managed Services Provider or Managed Service Provider as an effective resource.
If you’re considering investing in a Managed Services Program or are interested in learning how one can help optimize contingent workers to drive your business forward, the following insights will help you make an informed decision.