What is a Managed Service Program?
A successful Managed Service Program (MSP) efficiently administers day-to-day labor management responsibilities. MSPs integrate contingent labor recruiting, administration, supply chain management, online time reporting, invoicing, reporting, and quality compliance. When the processes interact efficiently, hard and soft cost savings are generated through administrative streamlining, better contingent workforce performance, and reduced exposure to co-employment issues.
What is Vendor Neutrality?
In a vendor neutral environment, all suppliers are on a level playing field, meaning that no one supplier has an advantage over another. The following rules apply: No one supplier has the first opportunity to fill positions. Instead, all suppliers are notified of job orders at the same time and given equal chances to submit candidates. No suppliers are aware of specific decision criteria that could be used to give their candidates added advantages.
Is Work Nexus Vendor Neutral?
Yes. Work Nexus facilitates comprehensive staff augmentation, procurement process outsourcing, and independent contractor compliance programs, employing web-enabled best practices to harmonize each element.