Press Release Archive
BOSTON, Nov. 1, 2011 /PRNewswire/ -- SourceRight Solutions, a Randstad company, and Randstad, an $18.8 billion global provider of HR services, today announced recognition as a leading global managed service provider (MSP) by Staffing Industry Analysts' 2011 VMS and MSP Supplier Competitive Landscape report.
Findings from the report highlight MSP market growth, an increasing demand for solutions that deliver strategic value beyond cost-savings, and several major acquisitions as large providers expand capabilities to address new demand. A notable consolidation was the acquisition of SFN Group, the parent company of leading MSP provider SourceRight, by Randstad, one of the largest staffing companies in the world. As one of the most high-profile industry acquisitions in the last two years, the result is a combined presence that re-affirms the company's position as a leader in its market, with the MSPs of both organizations resulting in a total spend of $4.4 billion in 2010. Based on the report findings, SourceRight and Randstad combine to lead the industry in total number of MSP clients, and they share a top-three position in combined-volume for MSP spend under management and hybrid MSP engagements. The company also ranks as the leading provider in the healthcare sector.
Teresa Creech, Executive Vice President, HR Solutions for Randstad said, "The Staffing Industry Analysts report highlights significant growth and opportunity in the MSP marketplace, and it underscores the need for the rich capabilities that Randstad and SourceRight bring to clients around the world. The promise of an effective MSP is one of strategic impact and operational effectiveness, and we are pleased to be uniquely positioned to deliver on that promise."
Rebecca Callahan, President, SourceRight Solutions said, "Companies are looking to MSPs for greater control of talent supply and quality as well as management of compliance risk, all while continuing to deliver value in terms of speed and cost. Together, SourceRight and Randstad draw on world-class resources and capabilities to realize these advantages, delivering the high level of value and impact our clients have come to expect."
Now in its fifth year, Staffing Industry Analysts' annual VMS and MSP Competitive Landscape report provides comprehensive insight into the experience, positions and capabilities of global suppliers. This year's report drew from detailed 2010 data about 42 provider companies; specifically their funding models, customer segments and vendor management (VMS) or MSP offerings. Staffing Industry Analyst CWS Council members may access the report in its entirety at www.staffingindustry.com.
About Staffing Industry Analysts
Staffing Industry Analysts is the premier advisory service about the contingent workforce. Known for its independent and objective insights, the company's proprietary research, award winning content, data, support tools, publications, and executive conferences provide a competitive edge to decision-makers who supply and buy temporary staffing. In addition to temporary staffing, Staffing Industry Analysts also covers these related staffing service sectors: third-party placement, outplacement, and staff leasing (PEOs). Founded in 1989, acquired by Crain Communications Inc. in 2008, the company is headquartered in Mountain View, California, with offices in London, England.
About SourceRight Solutions
SourceRight Solutions is a leading provider of solutions for the acquisition and management of full-time, contingent and contract staff. Building on a 65-year history of success and innovation in staffing and talent acquisition, SourceRight is driving strategic results for top companies around the world.
Solutions from SourceRight span all facets of total talent acquisition. Strategic Talent Optimization provides integrated management of talent acquisition, encompassing both traditional employees and the contingent, free-agent workforce. Recruitment Process Outsourcing (RPO) provides a global recruitment solution to optimize candidate quality, control costs and deliver measurable results in performance and business impact. Managed Services, including Managed Services Provider (MSP) programs, improve engagement and management of the temporary workforce, increasing quality while reducing supplier costs; and Contingent Workforce Services enhance the engagement of free agent talent by improving access, containing costs and mitigating compliance risks.
SourceRight is consistently recognized for its leadership in RPO, MSP and talent acquisition innovation by industry organizations such as Everest Group, HRO Today Magazine, NelsonHall, Bersin & Associates, and Staffing Industry Analysts. SourceRight is now a part of Randstad, an $18.8 billion global provider of HR services. To learn more about SourceRight, visit www.sourceright.com.
Randstad is an $18.8 billion global provider of HR services and the second largest staffing organization in the world. From temporary staffing to permanent placement to inhouse, professionals, search & selection, and HR Solutions, Randstad holds top positions around the world and puts approximately 27,500 employees to work from its nearly 4,200 branches and inhouse locations in 43 countries. Founded in 1960 and headquartered in Diemen, the Netherlands, Randstad Holding nv is listed on the NYSE Euronext Amsterdam. For more information see www.randstad.com.
SOURCE SourceRight Solutions