Vendor Analysis
published on Feb 21, 2024
Report Overview:
This NelsonHall vendor assessment analyzes Magnit's contingent workforce solutions (CWS)
Who is this Report for:
NelsonHall’s CWS/MSP profile on Magnit is a comprehensive assessment of Magnit’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of CWS/MSP and identifying vendor suitability for CWS/MSP RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the CWS/MSP sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Magnit’s CWS/MSP offerings and capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue/SUM estimates
- Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s service delivery organization (including delivery locations).
Key Findings & Highlights:
Magnit (formerly PRO Unlimited), founded in 1991, was formed on the premise that there was a critical need to manage the entire ecosystem of the contingent workforce. Magnit was created from a risk management/advisory company, not from a staffing business, a fact that would inform its unique vendor-neutral approach in the decades to come. As the marketplace has changed over the years, Magnit’s vision and mission have evolved, with the goal of shaping and delivering the next chapter in workforce management for its employees, clients, suppliers, and partners around the world.
Magnit continues to enhance the services and technology offered as part of its Integrated Workforce Management (IWM) Platform and invests in automation and the latest AI-driven tools to strengthen its offerings.
Any organization looking for a global provider of CWS/MSP, EOR, payroll, and broader talent services, leveraging sophisticated proprietary and third-party technology as part of an integrated workforce management approach, should consider Magnit.