the processes, procedures, and presumed cost savings that MSP can provide both strategically and tactically,” said Johnson.
of its contingent workforce. If that’s too much to swallow at once, work with a partner that can break it down into smaller doses.
On the strategic level, a carefully vetted, seamlessly embedded supply chain can reduce your time to hire by as much as 20 to 30% or more. But then there are the ancillary benefits of a partner who understands the precise qualifications of a candidate and can surface the top three resumes from a pile of 50 submissions.
For instance, the organization might begin by evaluating and qualifying its supplier network. Having fewer but higher-quality suppliers is often an acceptable first step in supporting an entire MSP program. This process allows you to feather in additional MSP responsibilities that take into account onboarding, offboarding, training, and compliance.
Those kind of efficiencies play well within the prism of corporate decision-making.
#2. Measuring your organization’s tolerance for change. Take the temperature at your company: How willing is your organization to accept change, and how much change can it accept at once? A highly effective MSP program will come with a complete review of your company’s sourcing, onboarding, reporting, training, and monitoring
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#3. Measuring and benchmarking performance. Of all MSP’s benefits, the ability to set objectives and meet goals is perhaps its most compelling. Here, sophisticated partners can use technologies available to cull data important to grading, monitoring, and overseeing multiple suppliers, as well as review the efficient coming and going of contingent employees.
A highly effective MSP program will come with a complete review of your company’s sourcing, onboarding, reporting, training, and monitoring of its contingent workforce. If that’s too much to swallow at once, work with a partner that can break it down into smaller doses.
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