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Acara's Hybrid Managed Service Program (MSP) combines the strengths of preferred supplier relationships with the comprehensive management of a master vendor program. This innovative approach delivers unparalleled flexibility and value, especially for organizations with contingent labor spend below $10 million annually. Related:Exploring the Benefits of Acara’s Hybrid MSP
Significant Cost Savings
The hybrid MSP model typically delivers 9% to 12% cost savings in the first year. We achieve this by:
| · | Consolidating suppliers and eliminating rogue spend |
| · | Driving aggressive pricing strategies through volume-based efficiencies |
| · | Reducing administrative costs |
| · | Transitioning headcount from non-core suppliers (often resulting in immediate savings of 15% to 40%) |
Enhanced Workforce Retention
We improve contingent worker retention and satisfaction by providing:
· Consistent pay and benefits
· Performance management coaching
· Recognition programs
· Team building activities
· Exit interviews to address attrition
Integrated Approach
By blending the best features of preferred supplier and master vendor frameworks, our hybrid MSP delivers a solution uniquely suited to your needs. As your preferred supplier, we develop an intimate understanding of your core needs and objectives, enabling allowing for more tailored and efficient staffing solutions. Simultaneously, by acting as your master vendor, we centralize the management of your entire contingent workforce, driving cost savings and streamlining processes.
Comprehensive Management Services
Our hybrid MSP handles every aspect of contingent workforce management including:
· Supplier consolidation and management
· Payroll administration and consolidated invoicing
· Onboarding and offboarding processes
· Executive oversight and enterprise reporting
· Contingent worker transitions
· Advanced analytics and visibility dashboards
Our implementation team includes tenured subject matter experts who manage all aspects of program launch:
We collaborate with you to define and implement key performance indicators that ensure program success. Some examples of KPIs we measure include:
Our hybrid MSP readily scales to meet hiring demand fluctuations. With over 200 recruiting specialists continually growing and training, we’re strategically structured to exceed client expectations and adapt quickly to evolving needs in real-time.
At Acara, we are committed to working alongside you. We gain an understanding of your goals and align them to our strategies, offering hands-on involvement to ensure success at every stage.
Our Hybrid MSP provides a more agile, cost-effective, and quality-focused contingent workforce management solution that adapts to your organization’s evolving needs. With over six decades of experience delivering innovative solutions, we’ve refined our approach to create a dynamic framework that drives measurable and sustainable results.
Contact us today to learn how Acara’s Hybrid MSP can optimize your workforce strategy and deliver exceptional value to your organization.
A Hybrid MSP is ideal for organizations with a need for flexibility. This service also works best for organizations with an annual contingent labor spend of under $10 million.
A Hybrid MSP combines the benefits of a preferred supplier and a master vendor program to create a unique service. While both hybrid and traditional MSPs handle contingent workforces, Hybrid MSPs can also operate payroll administration, onboarding and offboarding, performance coaching, and more. To learn more about traditional MSP’s, view the MSP service page from Aleron Group partner Broadleaf Results.
We’ll begin with a discovery process to ensure we fully understand your organization. From there our team will begin working with you to create a personalized strategy based on your staffing needs. To get started, reach out to our team by completing our contact form.
The costs of a Hybrid MSP can vary depending on your needs and other factors. At Acara, our team will work with you to create a pricing model that fits your budget and expectations.
With workloads and budget constraints increasing, many companies may feel like they’re in a pinch when it comes to filling talent gaps and boosting their teams’ capabilities. That’s why more organizations are now turning to contingent labor to address those gaps and improve efficiency.
For decades, temporary staffing has been widely utilized by all kinds of organizations looking for extra help during busy seasons or for short-term projects. In recent years, however, companies have started using temporary staffing to address dramatic labor shifts.
In today’s dynamic economic landscape, organizations are seeking innovative solutions to manage their contingent workforce effectively. Acara’s Hybrid Managed Service Program (MSP) offers a unique combination of the preferred supplier and master vendor models, providing a tailored approach that meets the specific needs of businesses with a contingent labor spend below $10 million annually.
