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What is a Managed Service Provider (MSP)?
A managed service provider (MSP) or contingent workforce solution (CWS), manages the temporary worker recruitment for an organization and is responsible for the end-to-end management of the contingent workforce—from supplier management and strategic workforce planning to contractor care and offboarding.
SRG’s Expertise
One of the most effective ways a business can successfully manage its contingent workforce is by calling on the expertise of a third-party solutions provider—particularly one with a dedicated account management team, an optimized vendor management system (VMS), and a focus on control and cost savings.
In the recruitment industry, the term ‘MSP’ can refer to either a managed service program or a managed service provider. The difference between the two is that a managed service program is a contingent workforce solution (CWS), while a managed service provider is a specialist who delivers this solution.
What are the benefits to Managed Service Provider & Contingent Workforce Solutions?
Is an MSP solution right for my business?
While contingent working has grown at a phenomenal pace in recent years, finding top contingent talent with the most critical skills is an increasingly costly and time-consuming process. With contingent workers (i.e. non-employees) making up 40% of the workforce, being able to attract the best talent is crucial.
If your organization has a medium-to-large contingent workforce, a managed service program is the ideal solution. Whether you’re looking to improve visibility, compliance, or control or simply want a fresh recruitment strategy with a new partner, SRG can build a solution that works for your business.
Drive better workforce performance
Book a call with us and find out how we can help you and your team achieve greater heights.
The SRG Pulse: Latest News, Events & Insights
Our Life Sciences expertise and partnership-led approach allows us to deliver highly successful results for our clients so they can attract and retain unique talent for their business. Explore our latest collection of case studies, news, events, and insights from SRG.
