Five Signs Your Construction Company Should Consider a Managed Service Provider (MSP)

In the dynamic sector of construction, where a skills shortage is pronounced due to retiring skilled workers and the Brexit impact has altered the workforce composition, the efficiency of your recruitment and staffing strategies is more crucial than ever. A Managed Service Provider (MSP) can be instrumental in overcoming these and other common staffing challenges. Here are five signs that your construction company could benefit from the expertise of an MSP:

Robust Candidate Screening and Modern Slavery Vigilance: Amidst the COVID-19 aftermath, which continues to affect recruitment dynamics, weak screening processes can expose your business to legal risks, including modern slavery. An MSP can strengthen your hiring approach with comprehensive candidate checks, ensuring compliance and ethical recruitment. They can also aid in establishing modern slavery prevention initiatives, maintaining your company’s commitment to social responsibility.

Recruitment Obstacles: With 82% of construction firms reporting hiring difficulties in recent quarters, difficulty in attracting skilled workers, especially for specialised roles, suggests that an MSP could improve your hiring efficiency.

Retention Issues: A high turnover rate, coupled with rising labour costs, can disrupt project timelines. An MSP can address this by optimising the hiring process to match the right candidates with the right roles, ensuring a fair and economical rate structure.

Insufficient Recruitment Data: Without robust data on hiring trends, making strategic decisions is challenging. An MSP can provide detailed analytics and insights, using tools like Power BI to give you a clearer picture of your staffing needs, enhancing your workforce planning.

Quality of Talent: Attracting and retaining top talent is vital, especially in a competitive job market where the construction industry vies with other sectors. Technological shifts and evolving skill requirements necessitate continuous learning and adaptation. An MSP can help you reconnect with high-performing temporary workers and streamline the hiring process to ensure a consistent level of talent across your projects.

If these issues resonate with your current situation, it may be time to consider partnering with an MSP to strengthen your hiring strategy, reduce operational costs, and improve service quality in your construction business.

MSP Service Checklist for Your Construction Business:

• Encourage growth and maximise the potential of your Staff Bank
• Ensure a fair and economical rate structure
• Implement agency ranking and performance evaluations
• Minimise spending outside of contracts
• Utilise data to drive actionable business insights

This partnership could be a strategic move to enhance your workforce management and maintain a competitive edge in the construction industry, especially in light of the current recruitment landscape.

Interested in an MSP for your construction business? Get in touch today.