8 ways a Managed Service Provider saves on costs
You may have heard that an MSP makes your staffing decisions easier, but let us explain how it’ll also help your bottom line.
5 minutes
December 20, 2024 Adecco
Saving money is one of the top pressures for almost every single leader – across organizations, across industries, and across the country.
It’s easy to get caught up in the day-to-day without taking into account how staffing challenges and disruptions impact your operations and your bottom line. It can add up, whether it’s the expense of recruiting and onboarding new talent or the loss productivity and stress that comes from being short-staffed.
At Adecco, one of our favorite solutions for large employers with complex needs is a Managed Service Provider (MSP) program. It’s perfect for those who need to streamline how they manage their temporary workforce.
What sets Adecco’s MSP offering apart is that we partner with Pontoon, our global sister company and one of the top MSP providers around the world. With us, our clients find best-in-class service, access to more than 17 million candidates, and 1,000 key vendors in our vetted supplier base.
But what does an MSP operated by Adecco and Pontoon actually mean for you? Learn the nine different reasons why a well-operated managed service provider saves on hiring and operational costs.
1. Work with a single team
With one team to help streamline and support your staffing decisions, you can keep an eye on your operations across locations and fields. A managed service provider means you’ll bring each of your hiring teams under one roof, eliminating miscommunication and allowing you to focus on where your actual struggles are.
2. Lower compliance risks
Staying compliant with industry regulations can require a dedicated team of experts – and ensuring that your entire organization is following safety and hiring requirements can feel impossible by yourself. An MSP understands the compliance demands needed for staffing and ensuring compliance, minimizing the risk of costly penalties and lawsuits.
3. Keep overtime down
When you’re temporarily – or chronically – short-staffed, overtime can easily become a normal part of doing business, but it quickly inflates your labor costs. An MSP provides a scalable solution and helps identify where and when overtime is a common problem, so you can redefine your hiring strategy to prevent the added costs.
4. Review performance in real time
When you choose an MSP solution from Adecco, you’ll gain access to centralized dashboards and reporting tools through our proprietary Adecco Analytics technology, which works in lockstep with Vendor Management System (VMS) tools. Transparency and real-time insights are the first step to better decision-making on productivity, performance, and your biggest cost drivers.
5. Access to a large supplier network
Our managed service provider solution brings with it a network of vetted suppliers located around the globe. This deep roster gives you better access to competitive pricing and more specialized services. Leveraging this network can help cut back on the time and money spent sourcing and vetting suppliers.
6. Faster reaction times
Unexpected problems often require immediate attention, but internal teams may not always have the bandwidth to respond promptly. MSPs operate with dedicated support teams and established processes to ensure fast reaction times. This minimizes downtime and the need for additional hires to cover emergencies.
7. Control rogue spends
Unmonitored expenses can quickly spiral out of control. An MSP program brings all of your staffing spend under a single solution, with the technology to see where that spend is occurring. Plus, having an experienced staffing partner, with spend management expertise in tracking and controlling expenditures, can help you reduce wasteful spending.
8. Process improvement
With our MSP solution, you’ll gain access to Adecco’s top experts in staffing. That means we build a unique program tailored to your needs – and then we continue to evolve and streamline our operations. So, when your business changes or the market changes, you have a staffing partner who is ready to change with it.
See the Adecco Powered by Pontoon difference
Partnering with a Managed Service Provider is about working smarter to save time and costs.
When working with Adecco and Pontoon, our clients gain access to leading technology and 30+ years of MSP management experience.
See how we helped one client save about $1 million annually after consolidating their vendors and how we reduced our client’s nearly 14% turnover rate to 1.7%.