What is MSP Staffing?

What is a Managed Service Programme (MSP) in staffing?

An MSP is fundamentally a solution that allows organisations to outsource their contingent workforce either in its entirety or partly.

Commonly, MSPs will either be master vend (a sole provider will manage the programme) or neutral vend (a combination of suppliers will own allotted functions/business areas).

An MSP recruitment service enables organisations to be more efficient and generate significant cost savings, increase compliance and reduce risk to your business. Valuable time is released in your Human Resourcing and Talent Acquisition functions to focus on your permanent people strategy.

How can an MSP support my organisation?

Managed Service Programme’s support organisations in many different ways, such as greater compliance and improved processes to reduce the risk of legal liabilities.

Programmes can generate significant cost savings in the region of 5-20% with a bespoke savings programme created and delivered as part of the programme.

By outsourcing, you’re gaining expertise to help your organisation make more informed decisions when recruiting driving a faster time to hire. Your MSP recruitment provider can support you to devise a strategy that ensures your brand is attracting the best talent in the market.

What does an MSP cost?

An MSP can be priced in various ways, but commonly you would find it in the following ways.

MSP Management fee / Transactional fee

This is where each month you would be charged a set fee for part of the service and customarily incorporated dedicated team members delivery set roles.

When this type of model is implemented, it spreads the risk allowing the provider to offer a slightly lower charge for the other elements of the service.

Fully Transactional fee

A transactional model is an increased risk to the MSP provider, but offers the end client confidence in not having to pay anything should no hires be made. This does, however, mean there is generally an increased charge for the services offered.