Launching a First-Generation MSP Successfully, Part 1: Selecting an MSP Partner

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With the ever-changing employment landscape, where an alternative workforce is quickly moving into the mainstream, it has become critical for organizations to take a strategic approach in managing their various sources of talent. This, in part, is contributing to the continued growth and adoption of managed service provider (MSP) programs.  According to SIA, adoption of MSPs grew to more than 60% in 2019 from just over 40% 10 years prior. Further, 68% of reported contracts were what we call first-generation MSPs: They were awarded by clients with no previous MSP model in place.

There are many drivers for organizations to launch an MSP, in addition to the need for visibility into their workforce, including:

Cost savings and insights on labor spend

Robust workforce compliance and risk mitigation

Access to top talent with an improved time to fill and

  • candidate quality
  • Supply chain efficiency
  • Data management and predictive analytics
  • Flexibility and scalability
  • Innovation and access to technology

Why you should have an MSP may be clear, but how to launch a program, especially a first-generation MSP, can be overwhelming. In this three-part series, we’ll examine how to launch a first-generation program, from selecting an MSP partner, defining program expectations, assembling your team and managing your program. Read more here…

Source: The Staffing Stream

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