What Does Your Managed Service Provider Do for You?

 In HR and Management Tips, Strategic Staffing and Recruiting

As businesses continue to look for opportunities to boost operational efficiency and control costs, turning to a managed service provider (MSP) has increasingly become a go-to solution. With an MSP, you can streamline critical segments of your company, all while reducing critical line items that impact your budget and profitability.

If you are wondering what an MSP can do for you, here’s what you need to know.

What Is a Managed Service Provider?

An MSP is a third-party company that manages a segment of your operations. The provider assumes full responsibility for handling their respective arena, overseeing the day-to-day management of the particular business department or operational function.

Usually, MSPs cover a specific niche. For example, contingent workforce management MSPs concentrate on recruitment, contingent staffing, permanent hiring, and similar human resources-related responsibilities.

While an MSP does assume responsibility for certain operations, you do still remain in control. You get to determine the tasks that fall into their purview and do have the ability to make various decisions in that operational area. For instance, while an MSP may provide you with contingent workers, you can define the job descriptions, set productivity standards, and make employment decisions based on performance and other concerns.

However, you can also rely heavily on the MSP’s expertise. This can be incredibly freeing, allowing you to focus on other operational areas while knowing that your workforce management needs are fully addressed by professionals.

What the Right MSP Can Do for You

Not only can an MSP handle its own candidate sourcing, but it can also tackle vendor management responsibilities. This can be exceptional when you want to tap into talent pools available through different suppliers, as the MSP can act as your single point of contact while handling all of the sourcing and workforce coordination through the various channels.

While MSPs typically shine when you have a contingent workforce that needs oversight, these providers can assist with nearly any human resources function. Whether you need permanent hires, contract workers, payroll services, benefits administration, or any other area covered, the right MSP can tackle the tasks.

Additionally, by partnering with the right MSP, there’s typically a significant cost savings, as well as cost predictability. Many MSPs use flat-rate fee structures, allowing you to anticipate your workforce spend each month.

Finally, an MSP often has access to cutting-edge personnel and vendor management technology. Not only does this simplify operations, but it also introduces efficiency-boosting opportunities. Analytics can make right-sizing your staff simpler, as well as ensuring you’re getting the most competitive rates if you use a multi-vendor approach.

Are You Ready to Experience the MSP Difference Today?

Hamilton-Ryker can connect you with the services, technology, and expertise you need to ensure all of your contingent workforce management needs are fully met day in and day out.

If you would like to experience all of the benefits of having a skilled MSP by your side, including ensuring you can access the candidates you need and coordinate your human resources operations, the team at Hamilton-Ryker wants to hear from you. Contact us to learn more about our customizable services today.

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