What is an MSP?
For large corporations, it has become increasingly difficult to find the right talent and resources that fill the gaps in your changing workforce. However, outsourcing specialized managed services for contingent workforces provides an efficient and cost-effective solution that helps grow your business margins and streamline daily operations.
MSPs provide an excellent solution for clients who are looking for an all-in-one package to implement, manage, and support their contingent labor. This solution is highly effective and cost efficient for clients with little to no in-house expertise. It provides the client the lowest risk option and can sometimes be the fastest path to success.
Since our founding in 2003, Monument has continued to design, implement, and manage industry-leading contingent workforce programs as a partner to our clients. We focus on our clients’ goals and priorities and work as an extension of their organization to deliver optimal business results.
Our strategic approach is matched by our white glove, day-to-day service execution. As a result, Monument has had more “Gen 1” implementations than any other contingent workforce MSP program within the last three years.
Monument Consulting’s specialized MSP services operate as a global MSP with an ecosystem of partners spanning 50 countries across all major regions. Together, we service multiple industries including but not limited to: retail, healthcare, finance, technology, and insurance.
We are passionate about helping clients gain full transparency and control of their contingent workforce while achieving best-in-class performance in cost, quality, and compliance. As a contingent workforce management firm, Monument helps companies better manage their non-employee labor such as contractors, temps, consultants, and freelancers. To do so, we operate as an outsourced managed service provider to oversee the workflow. Additionally, our experts at Monument can also design a more specific engagement delivered on a project basis.
Did you know that 75% of Fortune 500 companies have formal contingent workforce programs? Today, our programs include Fortune 500 organizations representing a cross section of industries. Geographically, Monument is managing spend from all regions of the globe for our distributed operations centers. Our contingent workforce MSP client case studies are proof of our effective work ethic.
An effective, specialized MSP program efficiently performs multiple tasks on behalf of your company. Discover below our eight offered services as part of our managed service provider solutions for contingent workforces.
Reduce costs and streamline processes
Proven implementation and change management strategies
Program maturity models
Dedicated Account Management resources
Tactical, on-demand reporting and strategic reporting
Consolidate invoicing processes
Ensure compliance to policies, procedures and laws
Increase visibility into labor spend
For more information on Total Talent Management (including, but not limited to, MSP, RPO Capabilities, Direct Sourcing, Account Management, Supplier Strategy, and Payrolling), please reach out.