Issue link: https://insights.randstadsourceright.com/i/680805
WHITE PAPER | 3 How do these forces impact your ability to maintain a competitive edge in leveraging contingent talent? For buyers of MSPs, today's dynamic environment requires their solution provider to deliver ever-increasing value and benefits to their talent strategies. The traditional selling points of an MSP — cost-effectiveness, compliance assurance and transparency of process — have become table stakes rather than differentiators of service. What the experienced MSP buyers seek now is a talent partner who can serve as an advisor, providing clarity on today's dynamic market forces. But with the talent landscape evolving rapidly — in part due to rapid technology enablement — the goal of employers keeps moving, making it extremely challenging to adhere to a static strategy. That's why organizations are working more closely with MSP service providers to remain current with rapid changes, and seeking more of their market insight and expertise to optimize contingent talent usage. In turn, MSP service providers are being asked to undertake a more strategic role in their clients' contingent workforce programs by untangling complexities. What are the most dynamic talent trends posing the biggest challenges to CW programs? It's a question leading MSP providers contend with everyday to stay ahead of these developments for their clients. Failing to do so puts the employer and the service provider at risk of becoming sluggish and reactive to market forces rather than agile and proactive. Lets examine some of these trends changing talent strategies. a talent-centric view Perhaps the most important development taking place today is the focus of organizations on acquiring and retaining the right talent — both contingent and permanent. At a time when talent scarcity is a growing problem for many employers, they are experiencing more difficulties acquiring the resources needed to execute on business Today's rapidly evolving workforce offers employers both opportunities and challenges to enhance their on-demand and contingent talent resources. At a time when organizations are increasingly turning to flexible talent to reach their business goals and increase agility, they are grappling with a host of transformational forces, including an aging workforce in most industrialized nations, the rise of Millennials, an acceleration in HR technology development and unprecedented connectivity between consumers and businesses.