MSP doesn’t work for every business. Managed Service Programmes only work if there is sufficient volume of contingent labour employed within an organisation. Without the right scale, a Managed Service Programme may not be self-sufficient.
For businesses who do employ a large contingent workforce, you need to ask a few questions. Firstly, are you are adequately controlling costs, mitigating risks and ensuring compliance? Secondly, do you have the expertise to vet and review suppliers? Finally, do you have a VMS and other technological solutions in place to provide visibility of contingent workforce spend and efficiency?
Businesses who utilise contingent talent on a medium to large scale that answer no to any of these questions will benefit from an effective Managed Service Programme.