Sourcing and Managing Highly Skilled Labor
The staffing industry is poised to reach a record of $142.4 billion in revenue in 2016, according to a recent report from the Staffing Industry Analysts. Professional staffing growth is predicted to continue at a rapid clip of seven percent in 2016. Professional segments such as IT, healthcare, finance/accounting and marketing/creative are all forecasted for strong growth.
As staffing usage continues to expand, organizations need to find ways to better leverage skilled contingent talent. Many are finding value in managed service providers’ (MSP) expertise in this area. George Lanzano, executive director of business solutions for global MSP programs at Staff Management | SMX, weighs in on the utilization of MSPs to fill highly skilled, temporary positions.
According to Lanzano, clients are increasingly looking towards MSPs for three main reasons.
- Speed- There is a necessity to get these positions filled quickly due to the critical nature of the projects to which these workers are assigned.
- Access- The opportunity to leverage MSP relationships with staffing providers across their supplier network.
- Efficiency- The ability to reduce administrative burden on hiring managers by eliminating the need for them to work directly with multiple staffing suppliers to assess talent and negotiate rates.
Utilizing an MSP gives clients a realistic view of what it’s going to take to acquire skilled talent and provides the information needed to maintain a competitive position in the labor market. Through MSP programs, a client can access traditional contingent workers, full-time candidates, independent contractors, consultants and payrolled workers. MSP clients can also establish effective temp-to-hire programs to convert contingent workers to full time when appropriate.
Check out HRO Today’s article, “Seeking Specialized Skills” to read more about highly skilled, temporary workers and how MSPs can help your organization.