Although distinctively different, Managed Service Providers (MSP) and Vendor Management System (VMS) function together to help hiring organizations, succeed.
So…want to know the difference? Let’s start with MSP!
A Managed Service Provider (MSP) is an outsourced agency that manages the temporary staffing needs of a hiring organization. Hospitals, for example, often use an MSP to solve the hiring headaches caused by the industry’s current nursing shortage. One way an MSP might handle a client hospital’s staffing needs is by onboarding travel nurses. Overall, AN MSP handles 100% of the client’s contingent staffing needs including:
- Filling open positions
- Boost candidate quality
- Increase vendor visibility
- Reduce premium labor spend
- Solve inefficient process
- Increase candidate submissions
So…what exactly is VMS?
A VMS is a reportable software tool that functions to support the MSP in collecting measurable data including the time and expense per vendor submission. This data collecting software promote vendor manager visibility on various matters for each client’s executive and management team to see. Furthermore, an MSP uses VMS software for:
- Collecting candidate submissions
- Candidate interview coordination
- Job offers
- Collecting candidate documentation
Let MSP and VMS help your organization achieve! Find out more about our MSP and VMS success at www.pprvs.com/contact-ppr!