Issue link: https://insights.randstadsourceright.com/i/727911
4 These experts are more than process administrators; they serve as the contact point for driving results and evolving talent and workforce strategy for all stakeholders, including procurement, HR and hiring managers alike. A specialized account team serves as dedicated talent advisors to key business groups, taking a consultative approach to drive efficiencies, cost savings and access to the best talent — regardless of skill vertical or talent type (contractor, freelancer, etc.). MSP delivery models. To understand the differences in MSP, consider the long-established concepts of multi-vendor or single-vendor MSP. The goal of a multi-vendor approach is to create a competitive environment in which all vendors have an equal opportunity to supply contingent workers to fill a client's specific needs. This is the foundation of MSP supply chain management, in which an MSP manages all aspects of non-employee human capital, including the effectiveness of the s taffing supplier. Staffing companies, in turn, are the suppliers in this process. A variation of the multi-vendor MSP model is the master-vendor model, in which a sole supplier is responsible for requisitions in accordance with a defined set of service level agreements (SLAs). In this model, the selected vendor is first given an opportunity to fill a requisition and releases the requisition to other suppliers if it is unable to procure the talent in a defined period. Organizations can benefit from this approach as it enables a staffing company to deliver broader levels of service and expertise. the contingent workforce skills gap growing 64% say the talent gap is widening and will create greater challenges in the near future* self-employment remains popular 36% of American workers engage in some type of freelance work** all work arrangements welcomed 71% of leaders say the right person may be an employee, contractor or contingent worker* turning to an integrated approach 32% who have implemented a total talent strategy achieved a competitive advantage through attracting and engaging higher quality talent* flexible talent utilization rising 56% expect to shift more roles to contingent, project or contract work* *Randstad Sourceright 2021 Talent Trends Report **Upwork 2020 Freelance Forward research