making the case for
end-to-end MSP.
Once the need for an MSP is clear, the next
challenge is to make the case for such a solution.
When advocating for an external solution, you'll
need to earn executive buy-in. This can be done
by presenting the hard costs of using an insourced
solution, as well as the soft opportunity costs of
keeping the function in-house. It is also important
to highlight the many benefits of adopting an MSP,
from cost savings and faster time to fill, to benefiting
from a partner with the expertise to continually
improve the company's talent strategy.
Also crucial to ensuring unwavering executive
support is engagement. Plan to continually
communicate and seek feedback from sponsors so
everyone is informed of successes, challenges and
improvement plans.
Another step that will help set your MSP up for
success is maintaining executive sponsorship for the
long term; keep top decision-makers involved in the
selection and implementation process. Ask them for
their input at critical milestones, whether that means
selecting the internal project team, being involved in
the selection of a provider, approving the contract,
supporting change management or signing off on
technology investments.
An understanding of where there are opportunities
to improve your organization's contingent talent
strategy and a clear idea of where the company
should be will help you determine whether an MSP
is right for you. With data showing that a growing
number of companies are spending more time
internally managing this important segment of their
workforce, it may be time to take a hard look at an
external solution.
5
If you have questions about the benefits of MSP,
the implementation process or how to get started,
download our MSP Playbook for a complete
practical guide.
