A Managed Service Program (MSP) manages the contingent worker recruitment program for an organisation taking full responsibility for the complete running of the contingent workforce, including management of the: program, reporting and tracking, the recruitment supply chain, and invoice consolidation.
Outsourcing your contingent worker program to a Managed Services Provider will help deliver cost efficiencies to your business and provide industry-leading best practices for achieving your goals.
Many of our solutions are deployed with our award-winning vendor management systems.
Vendor Management System
Our MSP model is typically underpinned by our Vendor Management System. A VMS is a type of recruitment technology that manages all aspects of the temporary/contingent recruitment process. This includes:
"An MSP offers significant process improvements that can result in total cost-savings of up to 20% on your current agency spend."
What are the benefits of a MSP?
In a highly competitive and complex contingent talent market, using a Managed Services Provider for your contingent worker needs delivers measurable value and benefits to your business.
TRS Workforce Solutions provides you with complete visibility and control of your contingent and non-employed worker programs. Technology agnostic, we use your choice of Vendor Management System to design a solution that fits your needs.
Risk Mitigation through Compliance
Ensuring that your temporary workforce meets both the compliance requirements of your organisation and the industry is a challenge. This becomes even more complex when you factor in the ever-changing requirements of the legislation.
TRS WFS governance and global expertise ensures compliance through industry best practises and alignment with your organisation policies through:
- Ongoing risk assessments
- Standardised compliance process and audits
- Worker Misclassification and co-employment evaluations
- Supply chain rationalisation and management
Process Efficiencies and Cost Savings
TRS WFS uses industry best practises and procedures to drive cost savings and process efficiencies into your contingent worker program. This includes seamless implementation of your contingent worker program and systems, streamlined recruitment processes, a robust supplier management, and selection process, real-time reporting and predictive analytics, and single-point invoice management.
Our Downloads
Teaser
Workforce SolutionsContent Type
BlogsPublish date
20 December 2023
Summary
TRS WFS Download Building a Business Case for MSPEnabling a Technology Platform for a Managed Service. DOWNLOAD HERE.
Teaser
Workforce SolutionsContent Type
BlogsPublish date
12 December 2023
Summary
TRS WFS Download Talent Market IntelligenceTalent market intelligence refers to the process of gathering, analysing, and using data related to an organisations' workforce. DOWNLOAD HERE.
Teaser
Workforce SolutionsContent Type
BlogsPublish date
06 December 2023
Summary
TRS WFS Download First Generation MSPA well-planned Managed Services Program will bring immediate benefits to an end client with significant cost savings, control, and hiring efficiencies. DO