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Randstad Sourceright Series Part 3 of 3 - The Business Case for MSP Control

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Randstad Sourceright is a global talent solutions leader, driving the talent acquisition and human capital management strategies of some of the world's most successful employers. We help these companies discover and develop their 'Human Intelligence Advantage' by quantifying the true impact of their talent strategies. Our subject matter experts and thought leaders around the globe continuously build and evolve our approach and solutions across recruitment process outsourcing (RPO), managed services programs (MSP) and integrated talent solutions. Read more at randstadsourceright.com a client's overall workforce strategy. Not only can they provide greater spend clarity, but MSPs can share best practices around SOW engagement and utilization, leading to signfiicant cost savings and project outcomes. Most importantly, providers can minimize complexity while still offering a robust suite of services. As organizations expand their use of contingent talent, including more SOW engagement, they need to embrace a more inclusive approach to talent. In the past, SOW talent was typically left out of contingent workforce programs, but companies now realize the benefits of encompassing all talent types under one management view. It's the perfect opportunity to turn to their MSPs for guidance in SOW strategy, management and outcomes. There are many scenarios for success, including: • Total visibility of all contingent worker spend • Confidence that misclassification liabilities are at a minimum • Reduced supplier rates for highly skilled and specialized talent • Top talent acquired for every project • Improved buyer/supplier relationships • Elimination of single-source contracts • Access to a continuous pipeline of talent • More projects completed on-time and on-budget These are but a few examples of how you might identify a successful total talent management program. None of them are very likely while your SOW workers are hidden from your sight. The best outcomes in talent management depend on visibility and well-managed, streamlined procurement processes. This is why MSPs can be one of the most effective resources available to contingent workforce leaders. More than administrative, SOW services offered by leading service providers today are highly consultative, increasingly strategic and integrated with www.randstadsourceright.com

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