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

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A global medical health and diagnostics leader had a critical need to establish and scale a contingent workforce supplier capability to serve its expanding business in the United States. A fully scalable and flexible managed services program (MSP), augmented by end- to-end recruitment process outsourcing (RPO) services and delivered by Randstad Sourceright, is helping the employer speed time to hire while improving retention. the success. A complete, onsite contingent labor supplier function and RPO services enable the client to better source, hire, retain and match talent to shifting project needs; control contingent workforce processes and expenditures; and be more cost competitive in their local markets. The talent model is exceeding all national averages for managed contingent talent acquisition cycle times including: time to approve (2.7 days vs. national average of 3.7 days), time to submit (2.6 days vs. national average of 4.8 days), time to fill (13.6 days vs. 20.3 days) and time to start (20.6 days vs. 28.9 days). Contingent workforce retention has improved by a total of 2.3% to date. Individual retention rates for various talent classifications range from 83.5% to 97.5%. Actionable local market analytics and competitive intelligence provide the insights needed to address key contingent talent attractors, including professional compensation levels, quality of projects/assignments and workforce retention efforts. an integrated solution better insights through analytics and reporting streamlined talent acquisition timeframes improved workforce retention medical device & technology leader maximizes growth across the US by transforming its talent acquisition model. © Randstad Sourceright. 2018 human forward.

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