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Presenting a Compelling Business Case for MSP Solutions – nTech

Presenting a Compelling Business Case for MSP Solutions – nTech

Companies are increasingly seeing the value of embracing contingent workers. Spending in the contingent labor industry was estimated at $3.7 trillion in 2017, allowing organizations turn to flexible solutions that support productivity goals and adapt to changing circumstances.

Executives are learning that, in order to remain competitive, an extended workforce offers a tremendous amount of flexibility. However, failing to manage regulatory risk and stay compliant in accordance with federal and local labor laws can lead to serious financial penalties as well as damage to your reputation.

At nTech, we’ve designed a whitepaper outlining the steps to take in order to present a compelling internal business case. By adopting an MSP solution, businesses large and small can improve contingent labor processes, reduce risk, cut costs and much more.

With an MSP solution, you get a structured approach for managing contingent labor that not only aligns with your larger workforce management strategy but also reduces costs and risk. However, even with all of the advantages, securing buy-in isn’t always easy. If you need to present a compelling business case for MSP Solutions, here are the initial steps you need to take.

1. Assess

Before you can take a single step forward, you need to know precisely where you are today. Examine all of the contingent workers who are supporting your organization now first. Then, explore any common seasonal additions that come on board during a typical year.

The goal is to get a solid overview and then define who these workers are, what duties they cover, how long they are used, and more. Then, you need to analyze your spending in multiple categories – including obvious costs (like pay) and hidden expenses (like HR professionals’ time) – to understand how your bottom line is impacted by your current approach.

2. Engage

Securing buy-in is a process, and you will need to engage with key stakeholders before you can accomplish this task. By getting their input now and enlisting a sponsor to function as an ally, aligning your goal with larger objectives, you can learn about any existing concerns and priorities that impact the delivery of an MSP solution. Then, you can respond to these points, showcasing the benefits, costs, and risks that make your approach ideal in accordance with company priorities.

3. Define

As with any significant business objective, defining objectives and prioritizing key results is essential. You need to identify metrics that allow you to measure improvement and determine your level of success, ensuring your MSP solution is properly focused and, above all, effective.

4. Plan

For an MSP solution to meet your needs, a foundational design must be in place. Once you have defined your objectives, you can outline business requirements that focus on what you need and what you prefer, allowing the solution to be custom crafted in accordance to your specifications.

Ready to get started building your case for an MSP solution and enhance your business’s workforce management efforts? Download our whitepaper today. If you want to partner with a leader in MSP solutions, the professionals at nTech want to hear from you. Contact us today to speak with one of our skilled specialists and learn more about our contingent workforce management services.

How to Engage Key Stakeholders and Earn Buy-In for MSP Staffing Solutions

How to Engage Key Stakeholders and Earn Buy-In for MSP Staffing Solutions

Once you have assessed the current state of your contingent workforce and crafted a strong value proposition, it is time to present your findings to...

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What Benefits of an MSP Solution Will Impact Your Organization Most?

What Benefits of an MSP Solution Will Impact Your Organization Most?

Partnering with an MSP represents a fundamental shift in how you manage your contingent workforce. As a result, you are poised to reap a variety of...

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Defining Business Requirements for MSP Solutions – nTech

Defining Business Requirements for MSP Solutions – nTech

If you want to drive success by implementing a vendor management system (VMS) or engaging a managed service provider (MSP), understanding your real...

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