Following our recent articles on “What is an EOR” and “What is an AOR”, it seemed relevant to produce this article to help define another contingent workforce management solution with an acronym name. This time, we’ll examine the general definition of the managed service program (MSP) provider, what MSP solutions are intended to address and what drives the need within an organization for MSP solutions.
Dec 13, 2019 11:00:00 AM
May 3, 2019 12:52:48 PM
Diversity in contingent workforce management is a topic that has evolved in its significance over time. There is enormous value in pursuing a diversity strategy when building a workforce and when selecting staffing suppliers to participate in achieving broader workforce management goals. At the same time, there are many misconceptions about what is involved. This post will explore the common questions regarding the reasons for (and ways how to) field a diversity program within your workforce management practice.
Jan 21, 2019 8:00:00 AM
As the nation prepares to celebrate the life and achievements of Dr. Martin Luther King Jr., it seems fitting to examine one of the most powerful legacies his life helped to realize. King’s message of equality continues to help promote the unparalleled power of embracing diversity across all facets of society, including the business community. The strategic power of diversity in the workforce cannot be understated. Let’s examine the undeniable benefits of pursuing supplier diversity in the design of workforce plans.
Nov 2, 2018 1:39:37 PM
Last week, nextSource hosted its first Keystone Partner Summit which included the conferral of 2018’s Keystone Partner awards. The commonality between all four categories—the Keystone Partner Award, the Premier Partner Award, Emerging Partner Award, and the Fidelity Award—is excellence in partnership. After the event, we announced the winners in a press release, prompting other staffing companies to ask how they might become preferred partners too. This post outlines the steps an organization can take to become preferred supplier partners.
Sep 6, 2018 3:52:07 PM
With unemployment rates at the lowest mark this century, everyone is eager for strategies from HR to attract and acquire talent. Yet for contingent workforce programs, this means strategies involving the staffing suppliers that comprise the talent supply chain. Success will depend on ensuring your suppliers can attract the talent your organization needs. In pursuit of that success, here are four ways to become an “A” customer to your suppliers and ensure your contingent talent supply chain is effective in delivering top talent.
Aug 3, 2018 2:57:05 PM
How well can your existing supplier base scale with your business, particularly should your company be involved in a merger or acquisition? While your organization may not currently be an M&A target, the chances it may soon become one are increasing at precisely the same time as the staffing supply industry is experiencing a fragmentation into so many highly specialized but smaller provider organizations. If M&A action is initiated within your organization, or even simply in response to market fluctuations made more likely by the expanding trade war, we ask, “how well equipped is your supplier base to flex and ramp up to meet the challenge?”
Jul 13, 2018 12:24:20 PM
When program managers are in the process of vetting new staffing suppliers to serve a contingent workforce program, there are several critical components they must pay careful attention to. Today, every supplier seems to offer a “we can do anything” support model, but it’s critical to dig a little deeper and ask the right questions to gain the foundation for a successful partnership. Here are some tips based on decades of experience in vetting staffing companies for our client MSP programs.
May 22, 2018 10:48:59 AM
The term “vendor neutral” is bandied about frequently in the design phase of a managed services program (MSP). The idea being that instead of a prime vendor model wherein one “prime” staffing vendor is engaged to fill all requisitions at pre-negotiated rates, requisitions are instead issued to an array of participating suppliers who issue competitive bids for each position. In theory, a vendor-neutral MSP model is quite successful at keeping bill rates competitive. Yet, in some cases, the neutrality of the MSP may not be as egalitarian as one may think. Here’s some inside information that can help a hiring organization ensure they’re being afforded true neutrality.