For an Australia-based global asset management
firm with operations across nine countries, the use of
contingent talent is crucial to meeting client needs
and staying ahead of the competition. Given the
costs and compliance risks associated with procuring
and managing a contingent workforce internally, the
company sought out external expertise to implement
best practices and help standardize processes. By
partnering with Randstad Sourceright on a managed
services program (MSP), the company is gaining visibility,
improving compliance and achieving greater efficiencies.
the success.
Rather than having HR bear the costs for sourcing
contingent talent across the enterprise, the MSP program
enables HR to charge the various business units based
on the company's temporary hiring volume.
Prior to program implementation, Randstad Sourceright
renegotiated agreements the company had with
subcontractors to reduce supplier markups and costs.
Combined with other efficiencies, the company has
saved nearly $4 million in two years with the MSP
in place.
With changing legislation around minimum pay rates,
which vary by role and industry, the asset management
firm is tasked with keeping up with constantly evolving
rules. The MSP solution helps the organization stay on
top of these changes and remain compliant with new
and existing mandates.
nearly $4M
in savings
improved
structure
minimizing
compliance risk
© Randstad Sourceright. 2018
human forward.
global asset management
firm adopts MSP
to gain workforce visibility and
improve compliance.