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MSP case study: global medical device & technology leader maximizes growth

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the situation. In a fast-moving industry that demands high-quality, specialized talent and the flexibility to quickly respond to changing project dynamics, this medical device and technology leader needed a properly scaled and agile contingent labor supply. Robust expansion fueled by organic growth, divestitures and acquisitions had outpaced the client's ability to meet, manage, forecast and control growing contingent workforce needs across its U.S. operations. the solution. Working directly with the client's senior talent team and local market hiring managers, Randstad Sourceright delivers a talent acquisition model that provides contingent labor supplies and controls, optimizes costs, increases labor pool flexibility and talent quality, enhances recruitment and business competitiveness, and improves talent retention. The client's new model includes: • a managed solutions package that provides a properly scaled, onsite contingent workforce supplier capability for the client, as well as full RPO services • on-site town hall meetings that educate the client's hiring managers regarding talent strategies and contingent workforce management • data and talent analytics for various U.S. locations that demonstrate the client's local market competiveness relative to pay rates, assignment attractiveness, labor supply and demand, and talent retention levels • process controls at strategic and operational levels for contingent labor sourcing, analysis, financial oversight, recruiting, retention, job placement and project-based reassignment • oversight of contingent workforce transition to new manufacturing companies acquired by the client • talent acquisition expertise impacting the major makeup of the client's contingent talent pool including professional, industrial, scientific, administrative, internship, engineering and IT positions • vendor management system (VMS) technology to manage, track and compensate contingent talent • improved compliance practices to ensure proper workforce classification with IRS regulations, resulting in more precise talent placement and enhanced contingent-to-permanent conversions • performance check-ins between hiring managers and contingent workforce to improve talent retention, map more timely project-end notifications and deliver talent placement and transition planning expertise • end-to-end RPO services that include market research, talent sourcing, scheduling interviews, recommending hires, onboarding and orientation assistance, talent placement, after-project talent reassignment and retention, and an electronic exit interview survey process — all working to lift the client's contingent labor effectiveness, employer reputation and talent acquisition performance medical device & technology leader maximizes growth across the US by transforming its talent acquisition model. © Randstad Sourceright. 2018 human forward.

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