Magnit Global is a visionary workforce management platform that specializes in contingent workforce solutions. The company offers innovative tools and services to help businesses navigate their contingent workforce journey, enabling faster and smarter hiring from known and referred talent pools. Magnit Global focuses on boosting efficiency, controlling costs, and securing top talent for its clients. Their platform has been recognized as a leader in the Managed Service Provider (MSP) and Vendor Management System (VMS) markets, demonstrating their expertise in contingent workforce management<...
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Magnit
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- Direct Sourcing
Magnit's Direct Sourcing solutions provide a comprehensive end-to-end platform for clients to fulfill their hiring needs efficiently. By combining technology, data, and services, the platform enables clients to leverage their brand to attract, curate, and engage talent communities. The solution reduces traditional supplier costs, connects talent with opportunities faster through AI-driven matching, and combines an AI-powered SaaS platform with a privately curated talent pool. It leverages the client's employer brand to find the best candidates, utilizes the world's largest contingent workforce data set for accurate rate intelligence, and provides visibility into all aspects of the hiring process. The platform optimizes spend, reduces program costs, increases retention, improves candidate quality, elevates the candidate experience, and increases hiring speed. Overall, it offers a strategic approach to direct sourcing that reduces costs, increases fill rates, and drives program efficiencies.
- Magnit Platform
Magnit Platform is an innovative integrated workforce management (IWM) solution that revolutionizes contingent workforce management. It shifts focus from processes to outcomes, optimizing workforce potential for maximum impact. The platform features Maggi, a Gen AI companion that simplifies user experiences across the workforce journey. Magnit Platform unifies all aspects of workforce management, from sourcing to analytics, streamlining processes, reducing costs, and facilitating top talent acquisition. Its data ocean, powered by AI and machine learning models, provides unparalleled intelligence to inform decision-making. The platform frees teams from mundane manual tasks, allowing focus on strategic initiatives, and uncovers hidden trends and opportunities through AI-driven insights. A Forrester Consulting Total Economic Impact™ study has demonstrated significant financial and organizational benefits for organizations deploying Magnit Platform for contingent workforce management.
- Magnit Services Procurement
Magnit offers a comprehensive Services Procurement solution, providing robust services, a fit-for-purpose VMS technology, and access to the world's largest proprietary procurement data universe. The solution enables clients to identify cost-saving opportunities, drive successful business outcomes, and obtain actionable procurement analytics. Magnit's services include strategic advisory, full-scope modular services, SOW technology, and a unique data universe for benchmarking. Key features include project visibility enhancement, performance improvement, and ROI increase. The solution also provides access to global insights, real-time market rate data, and optimization of recruiting strategies. Magnit's Services Procurement solution stands out for its ability to capture savings through automation and real-time intelligence, drive compliance based on best practices, and provide comprehensive SOW sourcing and creation capabilities.
- Magnit Shift
Magnit Shift is an adaptable and scalable solution for managing high-volume, shift-based contingent workforces. It caters to companies hiring workers such as nurses, factory workers, drivers, and retail staff, offering quick access to diverse talent pools while controlling costs. The platform streamlines processes for staffing, onboarding, scheduling, and compliance, enabling real-time visibility into workforce management. Magnit Shift allows users to fill open shifts rapidly, automate repetitive tasks, and ensure workforce compliance throughout the shift cycle. It offers two deployment models: a standalone turnkey solution and an integrated option that connects with existing VMS systems. The platform provides comprehensive features for planning, fulfillment, time and attendance management, pay rates and invoicing, and reporting. Magnit Shift aims to optimize staffing operations, enhance workforce visibility, and enable better forecasting and budget control for contingent workforces.
- Magnit Vendor Management System (VMS)
Magnit VMS is a comprehensive vendor management system designed to streamline the management of contingent workers, from professional to high-volume and shift-based workers. It enables data-driven decisions for managing external workers throughout their lifecycle, from contract management to vendor relations. The platform offers intuitive management of the entire contingent workforce, improved on/off boarding, reduced time to fill, and extensive integration capabilities. Magnit VMS drives savings through AI-driven features, manages bill rates and benchmarks using the largest contingent workforce data set, and optimizes sourcing channels. It provides insights across the complete contingent labor lifecycle from a single source of truth, offering access to industry-leading VMS staffing data, visibility, and insights. Recognized for its innovative blend of solutions, Magnit VMS has redefined workforce management platforms and consistently ranks high in industry evaluations.
- Total Talent Intelligence
Magnit's Total Talent Intelligence is a cutting-edge platform that empowers HR, Procurement, and business leaders to optimize talent strategies across their entire workforce. By leveraging the world's largest market rate, salary, and talent data set, this solution enables organizations to build strategic workforce programs efficiently and effectively. It provides comprehensive visibility into global talent landscapes, allowing companies to develop cost-optimized hiring and retention strategies. The platform offers access to real-time market rate and salary data, enabling businesses to create competitive compensation strategies and make informed workforce decisions. With Total Talent Intelligence, organizations can identify the right talent pools for both full-time and contingent positions globally, understand their competition, and access insights relevant to DE&I goals. The solution also offers customization options through direct API access and expert support for sustainable, data-driven talent management.