Top 4 Benefits of Utilizing a Managed Service Provider
Before working with a Managed Service Provider (MSP), executives often feel incredibly weighed down by the demands of meeting all the temporary staffing needs for their organization. To help alleviate that burden, Knowledge Services’ managed service provider takes on the primary responsibility of managing the organization’s temporary staffing process, vendors and contractors. There are a number of great benefits your company could experience if you implement a managed service program.
We’ll highlight four of the top benefits below:
1: Local, Experienced Program Team
Most MSPs provide support to clients, but few offer a local, experienced Program Team to help make sure all of your temporary staffing needs are met. At Knowledge Services, we believe it’s incredibly important to have a dedicated onsite team of experts available and ready to help you right when you need it. We have teams around the country to ensure our clients have immediate access to the resources they need to keep their temporary staffing process working smoothly and minimize any downtime.
2: Single Contract Vehicle and Vendor Management
If your company already has a temporary staffing process in place requiring you to manually manage multiple vendors with separate contracts and / or pricing structures, you understand how difficult that process can be. It leaves you little time to actually nurture vendor relationships to ensure that you are making the most of your partnership. It also limits the time you have to evaluate prices and to keep from paying a premium for unqualified candidates. When working with a managed service provider, you only have to worry about managing a single contract – for the managed service provider. We take responsibility for managing the staffing vendors and their contracts, making sure that you are getting the best candidates from your vendor network at the right price and time.
3: Significant Cost Savings
Working with an MSP ensures that you efficiently manage your temporary workforce program and the streamlined processes eliminate excess or unused resources, automatically creating significant cost savings. By setting up a strong vendor management process, there will not be the hassle of managing a number of contracts for all those vendors and wrangling piles of paperwork. You will be able to considerably reduce the administrative burden for your organization.
Additionally, our not-to-exceed bill rate card combined with our competitive bidding and our MSP team conducting “Best and Final Offer” (BAFO) ensures maximum savings. Through open competition within the vendor-neutral Knowledge Services MSP, vendors remain dedicated and are assured equal and fair access to business opportunities, which makes them committed to finding the right person to fill your open positions.
4: Business Intelligence and Reporting
Data isn’t a fading business trend. In fact, it’s imperative for executives to have instant access to this helpful information. Our advanced technology gives you access to real-time data so you can measure program performance by tracking spending, compliance, vendor metrics and program management to name a few. This will help you make more informed decisions about process improvements and overall business performance, leading to a greater positive impact on your company’s bottom line.
We are here to take the stress out of managing your temporary labor workforce, so you can focus on checking other items off your ever-growing to-do list. Contact us today to learn about the other benefits that come from working with a MSP program like Knowledge Services.