ATLANTA, May 3, 2016 /PRNewswire/ -- Randstad Sourceright, a global talent leader, today announced that it has been recognized as a leader in Everest Group's "Managed Service Provider (MSP) – Service Provider Compendium 2015," highlighting the company's MSP service capability and strategy.
"Changing labor dynamics and new attitudes about how work gets done have led to the continued growth of the contingent workforce. As a result, more businesses are seeking to implement solutions to fill their immediate gaps with qualified freelance talent," said Scott Fraleigh, president, MSP and Payrolling and Independent Contractor Services (PICS), Randstad Sourceright. "Our MSP solutions don't just deliver access to the talent companies need; Randstad Sourceright serves as a trusted advisor, helping our clients map their talent strategy and delivering the best resources when and where they are most needed. We are thrilled that Everest has recognized the depth and breadth of our MSP services and the value we bring to companies striving to leverage the contingent workforce effectively."
Demand for advanced MSP solutions continues to increase, and the market has grown considerably, estimated to be between $88 and $93 billion. As economic and labor market forces drive more companies to work with MSP providers to enhance their contingent talent strategies, Everest Group's "MSP – Service Provider Compendium 2015" provides an overview of the current MSP landscape and the scale, scope, technology and innovation, and delivery footprint of providers in the space.
Randstad Sourceright was designated a leader in MSP based on its best-in-class capabilities and strong market success. The company was highlighted for its extensive leadership across various facets of talent management and for having one of the largest MSP programs, based on revenue and its large pool of temporary workers. Randstad Sourceright was also noted for its experience in a diverse set of industries, managed spend across multiple job families, advanced technology capability, large clientele and global service delivery.
"With the market for MSP poised for rapid and continued growth, our research finds Randstad Sourceright among the top providers in the MSP landscape, based on its vast experience across multiple geographies and significant market share in multi-country MSP deals," said Rajesh Ranjan, partner and head, Business Process Services research, Everest Group. "Coupled with its strong foothold in RPO, Randstad Sourceright demonstrates its leadership in the total talent workforce model."
Additional information about Everest Group's "Managed Service Provider (MSP) – Service Provider Compendium 2015" can be accessed at: https://research.everestgrp.com/Product/EGR-2016-3-R-1726/Managed-Service-Provider-MSP-Service-Provider-Profile-Compendi.
About Randstad Sourceright
Randstad Sourceright is a global talent solutions leader, driving the talent acquisition and human capital management strategies of some of the world's most successful employers. We help these companies discover and develop their Human Intelligence Advantage by quantifying the true impact of their talent strategies. Our subject matter experts and thought leaders around the globe continuously build and evolve our approach and solutions across Recruitment Process Outsourcing (RPO), Managed Services Programs (MSP), Integrated Talent Solutions, Payroll and Independent Contractor Services (PICS) and Outplacement. As an operating company of Randstad, a $24.5 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