Master Vendor Managed Service Programme Model | Enterprise Solutions at Hays
Master vendor msp model 1st block
MASTER VENDOR MSP MODEL
A Managed Service Provider where the provider and its sister companies have the first opportunity to recommend and place candidates or resources is called a master vendor model. This may also be referred to as “tier zero”. A single supplier will be used for managing and completing your temporary and non-permanent exerting hiring needs. Roles that cannot be filled by the primary supplier will be sent to secondary staffing suppliers.
Why use master vendor msp
Why use a Master Vendor MSP model?
Compared to other models you only have one supplier which enables you to have a better understanding of what the client needs, they will take full responsibility for providing temporary workers.
The main benefits of using a master vendor are:
|Cost-effective model||Better understanding of what the client needs||Fastest way to engage workers|
|Suited to admin or generalist roles as well as professional/IT workers||Only one primary supplier, easier to make them accountable||Simplified billing|
Typically, the fastest and most cost-effective way to engage workers, it is particularly good for high volume roles. Providing highly predictable costing for better budget forecasting, simplified billing and accountability from a single supplier.
According to Staffing Industry Analysts’ MSP Global Landscape report 2019 around 32% of organisations with a MSP in place leverage a master supplier model.
Master vendor MSP - difference between models
How is the master vendor MSP model different to other models?
With a master vendor model only one supplier will be used for managing and completing your temporary and non-permanent external hiring needs. Whilst if you use a Neutral Vendor they will use a number of different suppliers, this can result in the hiring take longer and costing additional spend. Master Vendor MSP is a much more cost-effective model and is suited to generalist and also professional roles, whilst Neutral Vendors is best for specialist roles.
One of the biggest challenges you may have to overcome with a Master Vendor MSP is bad experiences or misconceptions about the supplier by end users. However, a good MSP provider will come prepared with the data, change methodology, communications, approach and outstanding service that rapidly overcomes and alleviates these fears.