If you’re looking to streamline your contingent workforce supply chain and generate significant cost savings, increase compliance and reduce risk to your business, then a Managed Service Programme (MSP) is the right recruitment solution for you.
In the recruitment world we love an acronym and elongated terms for recruitment solutions and services! Here’s everything you need to know about an MSP solution and what benefits it could bring to you and your business.
What is Managed Service Programme (MSP)?
A Managed Service Programme is a streamlined and integral recruitment solution helping organisations effectively manage large volumes of contingent workers (which can include temporary staff and fixed term contractors).
Complimented by a Vendor Management System (VMS), the MSP provides full visibility on the status of each contingent worker at your organisation and complete transparency on recruitment spend.
What’s the difference between a Managed Service Programme and Managed Service Provider?
A Managed Service Programme is a contingent workforce recruitment solution tailored to your business requirements. This solution is delivered by a Managed Service Provider such as TXM Talent Solutions who takes care of your recruitment needs and manages the supply chain in order to find you the best contingent workforce for your scheduled projects.
Master Vendor Solution
Our Master Vendor solution provides the benefits of a direct resourcing team, placing one supplier as the prime vendor, such as TXM Recruit. We also work with the client to identify projects that require specialist recruitment support, managing and working collaboratively with a Preferred Supplier List (PSL).
Neutral Vendor Solution
By choosing a Neutral Vendor solution means TXM Talent Solutions must act impartial and independently when distributing roles to third party recruitment agencies. Our top priority is to deliver skilled candidates which match the client’s recruitment request within a timely manner, and this involves working in partnership with a compliant and reliable supply chain who meet our expectations.
Benefits of an MSP solution
Do you have full visibility and transparency on how much your organisation is spending on a contingent workforce? This is a tricky question to answer if you don’t have a streamlined recruitment solution in place. There are many benefits you’ll gain from an MSP solution, helping you eliminate risks that could be detrimental to your business. Here’s some of the benefits you’ll see:
- Visibility on recruitment spend
- Enhanced candidate experience
- Skilled and specialist talent
- 100% compliant workforce
- Drive internal efficiency
- Improve supply chain engagement
- Real time data and analytics to drive strategic decision making
If you would like to learn more about our contingent workforce recruitment solutions and how we can help you, we are currently providing a free video consultation meeting to initially discuss your recruitment challenges, helping you find the right solution for your organisation. Contact the team today for more information.