What does the Keep It Simple Stupid Principle (KISS Principle) mean? “The "keep it simple stupid" (KISS) principle is a design rule that states that systems perform best when they have simple designs rather than complex ones. KISS is not meant to imply stupidity. On the contrary, it is usually associated with intelligent systems that [...]
To say that staffing MSPs have evolved over the last 10-15 years is an understatement. However, they have seen the most change and maturation in the last 5 years – as the economy and the labor market have changed MSPs have adapted their priorities out of necessity. The basic ones remained the same, but the [...]
There is a need. Smaller companies who use a contingent workforce as a critical part of their business model often think there are few technology and solution options to improve and manage this process. True, most of the larger players in the Managed Services Provider (MSP) and Vendor Management Software (VMS) space haven’t built their [...]
Yes, the title of this article is an actual MSP philosophy for a large staffing company. And, even if this is not a viable strategy, it’s often the sentiment with staffing companies who are forced to adapt to the changing landscape of talent acquisition, especially shifts in the contingent workforce management space. But not terribly [...]
You may not be a Fortune 500 company, but your talent needs are just as critical. Actually, the use of an extended workforce, including contingent workers, might be more important to the health of your organization than it is for larger companies with seemingly endless resources and employment brand recognition. With the on-demand economy affecting [...]
Based loosely on reality, this is an exchange between a grotesquely large, out of touch, disengaged MSP and a small supplier whose client has just announced its move to outsource the management of its contingent workforce: MSP: Hi, I’m Betty Black-Widow with ABC MSP. How are you? Supplier: Good. You? MSP: What’s your name again? [...]
Vendor Management Systems/Software (VMS) enable companies to automate staffing workflows. VMS technology is an Internet-enabled, often Web-based application that acts as a mechanism for business to procure and manage staffing services providing contingent workers and direct hire placements. Typical features of a VMS include: Order distribution Compliance monitoring Performance analysis Consolidated billing Detailed reporting [...]
What does an MSP do? The MSP (Master Service Provider) is a company that manages the contingent labor program for their client and holds the contracts with the staffing vendors. It measures the staffing suppliers’ performance against Service Level Agreements (SLAs), typically consisting of time-to-fill, fill rate, rate card compliance, and quality metrics. The [...]
