July 17, 2024
Managed service provider (MSP) and vendor management service (VMS) arrangements provide significant value to staffing buyers and staffing agencies alike, which is why they have become so prevalent in the past 20 years.
Staffing buyers and staffing agencies assessing whether to use such services tend to focus primarily on the MSP or VMS providers’ software and service capabilities, often overlooking the providers’ financial strength. That is an oversight that can put buyers and agencies at substantial risk.
This article describes the key financial warning signs staffing buyers and agencies should look for and the steps they can take to mitigate their risks.