Overcome Talent Shortages with a Managed Services Provider

Increase cost savings, compliance, and contingent candidate quality with Hire Velocity’s managed services provider solutions.

Contact Us Today to Learn How

Ready to fill skills gaps and future-proof your workforce cost-effectively?

Fill out the form, and one of our MSP specialists will contact you shortly.

What Is a Managed Services Provider (MSP)?

A managed services provider (MSP) is a third-party firm that manages an organization’s recruitment processes, typically on a contractual basis. These companies provide end-to-end workforce management solutions and oversee sourcing, screening, and placing candidates, managing vendor relationships, and ensuring compliance with recruitment policies.

Outsourcing these functions to an MSP allows organizations to streamline their hiring process, improve efficiency, and reduce costs. Managed services providers leverage technology and data-driven insights to enhance recruitment strategies, providing organizations access to top-tier talent while relieving the administrative burden of in-house hiring efforts.

Secure your MSP Solution

Why Choose a Managed Services Provider?

There are more than 50 million contingent employees in the US, accounting for 35% of the workforce. Employers neglecting to tap into this vast talent pool could miss immense opportunities to overcome staffing shortages and boost bottom lines. However, compliance and cost concerns keep many organizations from taking the plunge.

Collaborating with a managed services provider, like Hire Velocity, can immediately alleviate these apprehensions and help employers quickly obtain the needed expertise.

Some of the top benefits of partnering with an MSP are:

Enhanced Spend Management

Hire Velocity’s solutions can help control expenses related to job advertising, recruitment technology, and agency fees. Our MSP specialists also use time-tested recruitment strategies that expedite time-to-hire, which translates into cost savings.

Broad Talent Pool Access

Our vast candidate networks allow you to tap into a diverse pool of best-in-class talent, both locally and nationwide. This gives your business a competitive edge and helps you overcome talent shortages.

Intelligent Reporting & Analytics

We use advanced reporting tools and data analytics to track recruitment performance and provide deep insights. This helps you make informed decisions and continuously optimize your recruitment strategies by reviewing key metrics such as time-to-fill, candidate quality, and hiring costs.

Precise Forecasting

Our cutting-edge technology lets us make detailed hiring predictions, helping you stay one step ahead of potential obstacles and bottlenecks.

Dedicated Teams

You’ll receive superior support from a dedicated team across an expansive service menu, from recruitment to program management.

Hire Velocity delivers a cost-effective, compliant, dependable contingent worker talent supply chain that meets your staffing needs and budget.

MSP Benefits

Hire Velocity’s workforce management solutions help organizations overcome the talent crisis by securing top-shelf contingent labor compliantly and cost-effectively. Some of the top benefits of our MSP services are:

Greater access to top talent
End-to-end workforce management
Dedicated support
Direct sourcing
Supplier satisfaction and management

Enhanced compliance and governance
Improved cost savings, agility, and visibility
Access to state-of-the-art vendor management system and reporting technology
Scalable, flexible staffing solutions

Explore MSP Benefits

Understanding Our Vendor Management System (VMS)

Hire Velocity partners with a VMS technology provider to offer clients a vendor management system that helps them better oversee their contingent workforce. This cloud-based software system enables employers to identify, manage, and share information about their contract employees from a centralized platform.

Vendor management systems support the entire lifecycle of a contingent employee. Effortlessly find talent that aligns with your needs, negotiate contracts, generate invoices, track spending, generate reports, and onboard and offboard contingent workers from one intuitive system.

Among the many benefits of using a VMS include:

A holistic overview of your contingent talent program
Greater spending visibility and control

Ensures complete compliance
Reduces operational costs
Valuable insights via reporting and analytics

MSP vs. VMS: What’s the Difference?

A managed services provider (MSP) and vendor management system (VMS) are both effective methods for finding and managing independent workers. However, they are not one and the same.

A managed services provider is a third-party firm that oversees a company’s recruitment processes, handling tasks like candidate sourcing and vetting. A vendor management system is software that helps organizations manage the lifecycle of their contingent workforce, including sourcing, onboarding, and invoicing.

Merging these solutions delivers significant value to employers. Using a managed services provider and VMS in tandem allows organizations to:

=

Combine technology and expertise for optimal hiring results and insights

=

Improve cost savings and candidate quality

=

Streamline contingent supply chains and staffing operations

Best-in-Class Technology

Gain exclusive access to leading AI hiring and workforce management tools and technologies.

Let's Chat

Hire Velocity by the Numbers

new employees placed and hired by clients in the last 12 months

job boards utilized for candidate attraction

days average time-to-fill for RPO engagements

Our MSP Models

When you choose Hire Velocity as your managed services provider, we will take on the ongoing, daily responsibilities of finding, hiring, managing, and monitoring your contingent workforce.

We use a time-tested process to tailor our MSP solutions to your specific needs and pain points and deliver optimal results:

Master Supplier Model

The supplier and sister companies have the first opportunity to recommend, place, resource, or refuse candidates.

Vendor Neutral Model

All vendors have equal opportunity to recommend resources or candidates in this model.

Hybrid Model

Combines the advantages of master supplier and vendor-neutral models, balancing priority and equal access.

Our MSP Solutions Process

When you choose Hire Velocity as your managed services provider, we will take on the ongoing, daily responsibilities of finding, hiring, managing, and monitoring your contingent workforce.

We use a time-tested process to tailor our MSP solutions to your specific needs and pain points and deliver optimal results:

Service Strategy

We will develop a deep understanding of your organization’s goals, preferences, and vision to ensure our solutions align with your objectives and budget.

Service Design

Our recruitment specialists will develop a customized strategy that meets your requirements.

Service Transition

In this stage, we will test, validate, and transition our services from design to operational status.

Service Implementation

This phase ensures a smooth implementation and involves problem resolution, incident management, reporting, and monitoring.

A Full-Service Talent Acquisition and Professional Search Firm

At Hire Velocity, we specialize in providing top-tier talent strategy and recruitment process outsourcing services designed to transform your business. With our expertise in talent acquisition strategy, we help you find exceptional individuals who can steer your company toward long-term sustainable success. See what we offer.

Recruitment Process Outsourcing (RPO)

Custom recruiting strategy and soutions to attract and hire quality employees.

Learn More About RPO

Professional Search

Solutions that identify exceptional talent and align with your objectives and goals.

Start the Journey

Talent Advisory

Marketing services that reinforce employer brand while attracting top talent.

Explore the Possibilities

Why Choose Hire Velocity?

With over 20 years of experience, Hire Velocity has positioned itself as one of the country’s most valuable and reliable MSP and RPO firms. Employers across diverse industries entrust their recruitment and retention needs to us.

Our award-winning solutions are tailored to each client, ensuring the best possible outcomes. Hire Velocity’s MSP services scale with you, providing the flexibility you need as your hiring goals change.

Additionally, our deep expertise in human capital solutions allows us to optimize hiring processes for businesses of all sizes and sectors, including healthcare, education, finance, cyber security, federal, defense, technology, and manufacturing. This gives your organization a competitive edge in hiring, no matter what industry you serve.

When you partner with Hire Velocity, you’ll receive:

Access to innovative hiring technology
Faster hiring times
Personalized MSP, VMS, RPO, professional search, and talent advisory solutions

Scalability and flexibility
Reduced hiring costs
Streamlined recruitment processes
Seasoned guidance from recruitment experts

MSP and VMS FAQs

What are managed services provider (MSP) recruitment solutions?

Managed services provider solutions are services third-party firms offer to help organizations manage their recruitment process more effectively. MSPs typically handle the end-to-end recruitment process, from sourcing and screening candidates to managing the entire hiring lifecycle, often for contingent or contract-based workers.

What types of recruitment services do MSPs provide?

MSPs typically offer the following recruitment services:
Candidate sourcing and talent acquisition
Screening, interviewing, and assessment of candidates
Vendor management
Onboarding and compliance support
Reporting and analytics on recruitment performance
Temporary, contract, or permanent staffing solutions
Payrolling and workforce management

What are the key benefits of using an MSP for recruitment?

Streamlined process: MSPs centralize and simplify recruitment, reducing the time to fill positions.
Cost savings: By consolidating recruitment efforts, MSPs often help organizations save on hiring costs.
Access to top talent: MSPs use proven sourcing strategies and tools to find high-quality candidates.
Improved compliance: MSPs ensure hiring practices align with legal requirements and industry standards.
Data-driven insights: MSPs provide analytics and reporting to improve hiring strategies and decision-making.

What technology tools do MSPs use for recruitment?

MSPs typically leverage a range of recruitment technology tools, such as:

Applicant Tracking Systems (ATS) for managing candidate pipelines
Candidate Relationship Management (CRM) software to engage with passive talent
AI-driven sourcing tools to identify high-quality candidates quickly
Interview scheduling and video conferencing platforms
Data analytics tools for workforce planning and recruitment metrics

How do I know if an MSP recruitment solution is right for my organization?

To determine if an MSP is right for your organization, consider:

The complexity and scale of your hiring needs
Your current recruitment challenges
Your budget and resources
Your need for flexibility

What is a vendor management system (VMS)?

A vendor management system (VMS) is a software platform organizations use to manage and streamline the process of selecting, onboarding, monitoring, and maintaining relationships with third-party vendors or suppliers. It typically helps businesses track vendor performance, automate procurement processes, manage contracts, and ensure compliance, improving efficiency and reducing risks associated with vendor relationships.

How does a VMS help with vendor performance management?

A VMS enables businesses to track and assess vendor performance through metrics such as on-time delivery, quality of service, and adherence to contractual obligations. By setting up performance reviews, monitoring KPIs (Key Performance Indicators), and gathering feedback from internal stakeholders, a VMS provides actionable insights to identify high-performing vendors and those needing improvement. This data helps companies make more informed decisions about renewing contracts, renegotiating terms, or finding alternative vendors when necessary.

Overcome today’s top recruitment challenges by hiring high-quality contingent talent.

Contact Us