As your firm grows and matures, the demands and needs of the business change. The same goes for your workforce. Over time, different ways of working and accessing resources emerge, with both permanent employees and contingent workers needed to meet demand. Without careful management, the administration and supervision of the processes around workforce management can become overwhelming. One solution is to use a managed service provider.
But is that the right step for your business? And what are the benefits and the value that come from working with an MSP?
What is a Managed Service Provider solution?
An MSP is the name given to the practice of outsourcing some, or all, of a business’s administration and management to a third party. There are different types of MSP solutions depending on the type of work being outsourced. This could be IT, finance, supply chain management or contingent workforce management.
What are the benefits of a Managed Service Provider?
The fast-paced nature of modern business means that working with an MSP could be the best thing that’s happened to your firm. Allowing you to capitalise on their knowledge, experience and expertise in a way you wouldn’t be able to do if the work were completed in house.
Here are just some of the benefits:
Added value
MSP solutions, such as Omni’s are based upon our vast experience in RPO’s through ED&I, CVP and years of working with other clients in a similar situation. You gain access to all of that knowledge and can use it to your advantage, helping to cut costs, add value and create an effective way of working.
Technology to enable
Technology can speed up business processes, but the wrong package can hinder, confuse and create chaos. Working with an MSP that specialises in workforce management means you know the technology they recommend will work for your business. Helping automate and speed up recruitment, freeing up your hiring managers to focus on higher level work.
A partner to last
The aim of working with an MSP is that a relationship is formed that will last. Through planning, management and evaluation, a continuous improvement cycle is formed that will look for enhancements, implement them and ensure your recruitment and workforce management is as efficient and optimised as possible.
Resourcing specialists
Specialised MSPs know their industry. They know which suppliers to work with and when. They know how to attract the best candidates and they know they need to listen to your requirements first. Bringing in an MSP allows you to work with a true expert in that field, providing you with the best advice that’s truly relevant for your business.
Provide continuity
MSP solutions can help you proactively plan your resources and identify areas of risk. With continuous review cycles they can ensure your resource levels, technology and processes are effective and make suggestions for improvements where needed. Helping you to maintain continuity regardless of any annual leave, vacancies or increases in demand.
Scale your support
As demand changes so do your recruitment needs. Your MSP solution will be able to help you flex your workforce up or down to enable you to meet the demand facing your business. Whether that’s through sourcing candidates, onboarding contractors or managing contracts, your MSP provides the support you need to be successful.
Managed Service Provider solutions in action
MSP solutions are hugely valuable to firms, but don’t just take our word for it. Restore, the UKs leading provider of digital & Information Management previously relied on agencies to source its contractors, but had reached a point where it wanted a single supplier to manage all resourcing requirements and provide an end-to-end solution.
To deliver candidate sourcing through to onboarding and ongoing contractor care, managing over 3000 contractors to date for the Restore.
Key results of the solution we were able to implement includes:
- Net 15% savings in year 1
- Rolling 350-600 contractors at any one time across the 5 businesses
- 50% reduction in suppliers
- Support fixed term on site projects with upto 250 FTC hires
- Reduced administration and onboarding time via VMS technology by 20%
The benefits of an MSP solution are clear. With tangible savings, increased value and true knowledge when you need it, your firm could stand to gain from a change in how you manage your workforce and recruitment.
At Omni, our MSP solutions are designed to give you transparency over your workforce, bring you the best talent and reduce your costs. As an experienced MSP we bring control and visibility to your entire contingent workforce.
Find out more about whether our MSP solutions are right for your firm.
