Primary_Logo

nTech Workforce is a talent workforce solutions provider.

Contact Us

    FOR JOB SEEKERS

    Find jobs that align with your lifestyle and work preference.


    Search Jobs

      Job Seekers Mega Menu (1)-1

       

        FOR BUSINESSES

        Get the help you need, whether you're looking for on-demand work or to invest in long term team members.


        Hire Contract Workers

        Hire Permanent Workers

         

         

        Capital Region-1   ISO 20000-1-2018Website Images - nTech Workforce-1

         

          Customer Experience

          View Stories

          View Implementation

          Education & Partnerships

          Resource Hub

          Businesses Mega Menu (1) (1)

          Check out our nSider Hub for all of nTech's staffing-related resources.

            2 min read

            MSP 101: What to Know When Working with a Master Service Provider

            Featured Image

            A Master Service Provider (MSP) is a company contracted by another company to provide large numbers of non-employees or independent contractors. These contractors are located through additional staffing agencies that work underneath the MSP.

            Your MSP will oversee the entire hiring process – from finding workers to paying them. Your company need only contact the MSP to get answers about a specific contractor or position, rather than making dozens of phone calls. This standardizes the hiring process and guarantees all contractors meet a series of classifications and regulatory compliances before coming to work.

            If your company has large-scale hiring needs and is looking to fill these positions at competitive rates, it might be time to consider an MSP.

            Why should my company use an MSP?

            There was a time when companies did everything alone, hiring a company lawyer, human resources manager and accountant. Now, these services are outsourced, making it easier for companies to focus on customer and employee retention.

            There are many benefits to using an MSP, including an improved bottom line, competitive rates, a streamlined process and a single point of contact. Estimates show that anywhere from 60% to 80% of all Fortune 500 companies have adopted the MSP model for staffing.

            How is an MSP organized?

            There are three primary models used to organize an MSP, including:

            • Vendor Neutral Model – Forbids the MSP from participating in the staffing program as a vendor, thus avoiding potential conflicts of interest.
            • Hybrid MSP Model – Allows the MSP to participate in the staffing program.
            • Vendor On-Premise Model – You, the client, select a primary staffing agency though your MSP. That agency will be responsible for all of your hiring needs.

            In practice, an MSP is a small team of people who oversee the staffing program on-site. Each MSP employs a manager, industry specialists, hiring experts, and administrative personnel.

            How do I select an MSP?

            You may choose an MSP based on a variety of factors, including:

            • Size – Large companies that need thousands of contractors will choose an MSP that matches their scale.
            • Industry – Healthcare companies choose an MSP that focuses on healthcare. Manufacturing companies on MSPs that focus on manufacturing. Every MSP focuses on a specific industry.
            • Geography – If you need a local MSP, you’ll have less options available. However, you’ll get the benefits that come with physical knowledge and assistance.
            • Experience – The more experience an MSP has, the more likely you’ll see impressive results.

            At nTech Workforce, we assist businesses in their quest to find skilled employees and contractors on a regular basis. Contact our team today to learn more.

            How do Staffing Agencies Find People to Work?

            In the modern era, finding people to work is a major concern. This comes by way of the fact that companies are seeinghigher-than-ever employee...

            Read More

            What are the Best Memberships for Buyers of Staffing Services?

            When recruiting is at an all-time high, companies often look to staffing partners to fill gaps in hiring capacity. Those staffing companies have...

            Read More

            Am I Overpaying a Staffing Company?

            When the economy is in flux, organizations look for ways of cutting costs, and that typically begins with outsourced work. Leaders want to see if...

            Read More