What does MSP mean?

MSP stands for Managed Service Provider. In a broad business sense, it refers to a third-party company that is hired to manage and assume responsibility for a specific set of services to improve operations and cut expenses. 

At TRS Workforce Solutions, the term is specifically used to describe a "Staffing MSP." This type of provider manages a client's "non-employee" workforce, such as temporary workers and independent contractors. The MSP provides the expertise, people, and technology—often including a Vendor Management System (VMS)—to oversee the recruitment and day-to-day management of these workers. 

By utilising an MSP, businesses can focus on their core operations while the provider handles the complexities of sourcing, payroll, compliance, and vendor relations for their flexible workforce.