<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=22574&amp;fmt=gif">

Managed Services Provider (MSP) Programs

09_hcm_mana_1_320x530.jpg

MANAGE YOUR CONTINGENT WORKFORCE WITH A SPECIALIZED MSP

Finding the right resources to fill the growing talent gaps in your changing workforce is becoming an increasing difficult challenge. Leveraging the contingent workforce provides access to a vital source of quality talent, but it also comes with a number of operational, financial and legal challenges and risks that must be carefully managed.

Why do organizations partner with a Managed Services Provider (MSP) to support their contingent workforce management objectives?

The complete contingent workforce lifecycle impacts many stakeholders within one organization, both internally and externally. It has strong implications for Finance, IT, Talent Acquisition, HR, Procurement, Risk and general lines of Business. Furthermore, vendor management technology is necessary to enable your organization to manage this workforce effectively. Organizations quickly realize how helpful an expert advisor like HCMWorks can be in successfully supporting them through this transformation.

So what is a Managed Services Provider (MSP) Program?

A contingent workforce MSP program is an outsourced solution managed by an external firm such as HCMWorks, that combines process, practice and technology. It allows you to centralize and consolidate all your non-permanent worker spend under one program, so you can optimize the entire workforce, for increased visibility and control.

The benefit of using an MSP

The HCMWorks MSP program enables you to easily streamline, simplify and manage the contingent workforce supply chain from requisition to payment and every process in between. The outcome is increased visibility on contingent headcount and spend, reduced costs, greater and timelier access to talent, as well as greater compliance with federal, provincial and state regulations.

The HCMWorks MSP program enables you to easily streamline, simplify and manage the contingent workforce supply chain from requisition to payment and every process in between.

HCMWORKS MSP PROGRAM - KEY BENEFITS

  • Visibility, savings, compliance and control.
  • Quicker access to higher quality talent through staffing vendors, directly sourced candidates and other instruments.
  • Creation and enablement of multiple sourcing channels (Staff Augmentation, Statement of Work, Directly Sourced, Freelance networks etc.).
  • Better contingent worker accounting with a clear and comprehensive view of contingent headcount, spend, staffing vendors performance and more.
  • Streamlined and automated end-to-end process (from “req to check”) that reduces costly billing errors, speeds up time to fill, and eliminates the chaos and complexity of the contingent workforce supply chain.
  • Better cost control through healthy competition amongst staffing vendors.
  • Detail reporting and workforce analytics providing key insights to make better and more informed decisions.
  • Greater protection against third party risk and misclassification challenges and potential class action lawsuits across all categories of non-permanent workers.

Learn how an MSP program can help you

HCMWorks' MSP Value Proposition

Click Image to View Larger

The HCMNow Solution

HCMWorks has developed a custom HCMNow solution that can easily be implemented and used by some types of clients. With minimal implementation and post-implementation costs, HCMNow is a tool that centralizes, tracks and manages all of your non-permanent resources in one accessible location for ease of analysis and forecasting.

This service was designed to be comparable to a full contingent labor Managed Services Provider (MSP) program but only on an on-demand basis.

The HCMWorks Blog

3 Reasons Your Contingent Workforce Program Has Hidden Costs

3 Reasons Your Contingent Workforce Program Has Hidden Costs

By now, your company probably knows just how beneficial tapping into the contingent workforce can be. The use of “non-permanent” workers will help your organization fill skills gaps, assess your workforce needs on an ongoing basis, improve your efficiencies, cut costs and much more.

> Read More

Contingent Workforce: How to Integrate Your VMS Into Your IT Ecosystem (Part 2)

Contingent Workforce: How to Integrate Your VMS Into Your IT Ecosystem (Part 2)

In our last blog, titled ‘Contingent Workforce: How to Integrate Your VMS Into Your IT Ecosystem (Part 1)’, we covered just how important it is to integrate a VMS into your company’s IT ecosystem.

Now we know how vendor management system (VMS) integration can take your external workforce management and vendor relationship strategies to the next level, this blog will take a look at how to build a business case for VMS integration along with which systems you can integrate your VMS with.

> Read More

Contingent Workforce: How to Integrate Your VMS Into Your IT Ecosystem (Part 1)

Contingent Workforce: How to Integrate Your VMS Into Your IT Ecosystem (Part 1)

A vendor management system (VMS) is an essential element of any successful contingent workforce management program, helping with every aspect of your company’s “non-permanent” workforce - from candidate selection, requisition distribution, onboarding, vendor management, vendor performance analysis, compliance, time management, payments and much more.

The implementation of a VMS will bring your company a wide range of benefits, such as total workforce visibility, improved efficiencies, the ability to gain control of contingent spending, a significant reduction in costs and the automation of...

> Read More