ATLANTA, Jan. 18, 2016 /PRNewswire/ -- Randstad Sourceright, a global talent leader, today announced that it has been named a Leader and Star Performer in Everest Group's "Managed Service Provider (MSP) – Service Provider Landscape with PEAK Matrix™ Assessment 2015," highlighting its proven market success and strong delivery capability.
"As more organizations seek to leverage contingent talent to support rapid growth, gain access to immediate expertise and create a more agile talent strategy, the role of MSP has become increasingly vital to business success," said Scott Fraleigh, president, MSP, Randstad Sourceright. "To meet this growing demand, Randstad Sourceright delivers industry-leading solutions that enable our clients to access the talent they need to fill key roles and deliver continued value. We are honored that our capabilities have been recognized by Everest Group and thrilled to be named a Leader and Star Performer."
The confluence of increased competition for top talent, global talent shortages and the need for greater spend visibility have caused an increase in the number of businesses adopting MSP solutions. According to Everest Group, the global MSP market is now estimated to be $85-90 billion per year by managed spend. Moreover, the MSP industry is on the verge of an evolution, driven by various market forces and growing demand for next-generation solutions, similar to other outsourced business functions.
Randstad Sourceright received high marks in the report for its best-in-class market success and its strong delivery capability. The company was also commended for its depth and breadth of experience across various industries, as well as its significant market share of multi-country MSP deals, contributing to its recognition as a Leader among MSP providers. Randstad Sourceright also achieved recognition as a Star Performer, a designation given to providers that demonstrate the strongest forward movement over time on the PEAK Matrix.
"Our assessment shows that Randstad Sourceright's significant success in the MSP market is underpinned by its ability to cater to organizations with diverse contingent talent requirements across geographies, industries and job-families," said Rajesh Ranjan, partner and head, Business Process Services research, Everest Group. "Moreover, a leading position in RPO enables Randstad Sourceright to address emerging demand in the total talent acquisition space as well."
Additional information on Everest Group's "Managed Service Provider (MSP) – Service Provider Landscape with PEAK Matrix Assessment 2015" report can be accessed at: https://research.everestgrp.com/Product/EGR-2015-3-R-1661/Managed-Service-Provider-MSP-Service-Provider-Landscape-with-P.
About Randstad Sourceright
Randstad Sourceright is a global talent leader, providing solutions and expertise that help companies position for growth, execute on strategy and improve business agility. Our experience encompasses all facets of talent, including traditional employees and the contingent, free agent workforce. Key offerings include, Recruitment Process Outsourcing (RPO), Managed Services Provider (MSP) programs, Integrated Talent Solutions, Payroll and Independent Contractor Services (PICS) and Outplacement. As an operating company of Randstad, a $22.9 billion global provider of HR services, Randstad Sourceright delivers the resources and deep capability companies need to optimize their talent strategy for business growth and transformation. We are consistently recognized for service excellence and innovation by industry organizations such as Everest Group, HRO Today Magazine and Staffing Industry Analysts. To learn more, visit www.randstadsourceright.com.
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SOURCE Randstad Sourceright