Magnit Named a CWS & MSP Leader for Third Consecutive Year in NelsonHall’s NEAT Evaluation 2024

NelsonHall report identifies Magnit as an Overall Leader for ability to deliver immediate benefits and meet future client requirements

Folsom, Calif. – Apr. 17, 2024 – Magnit™, an Integrated Workforce Management (IWM) platform provider, announced that it was named a Leader in NelsonHall’s NEAT vendor evaluation for Contingent Workforce Solutions (CWS) and Managed Service Programs (MSP) for the third consecutive year. NelsonHall’s NEAT assessment ranked the performance of 10 other vendors, offering insights across various criteria to determine top-performing providers in the market.

“In the face of complex labor market changes and ongoing global skills shortages, organizations are looking for ways to get ahead in the war for talent – and they require partnerships that empower them to increase flexibility and expand access to talent,” said Vidhya Srinivasan, chief product and marketing officer at Magnit. “The recognition from NelsonHall, one of the most reputable voices in the industry, for the third year in a row demonstrates our unwavering dedication to continuous innovation of our vendor-neutral services, optimizing contingent workforce programs and surpassing the expectations of our clients.”

Magnit was recognized as an Overall Leader in the NEAT report, scoring highly for its “ability to meet future client requirements” and “delivering immediate benefits to its CWS & MSP clients.” NelsonHall recognized Magnit for a number of strengths in the evaluation, including:

• Its vendor-neutral MSP expertise, which is built on 30+ years of operating in the contingent worker hiring space
• Magnit Platform (a framework for optimizing contingent services, data and technology), which enables Magnit to meet clients’ unique program needs
• MSP and SOW maturity models, aligned to the Magnit platform, which guide clients in transforming their contingent workforce programs
• Robust roadmap of proprietary and third-party tech developments and partnerships, which bring unique and exclusive features and functionality
• Overall growth rate via strategic acquisitions that bring multidimensional capabilities

The NelsonHall CWS & MSP 2024 NEAT report evaluated the vendors and segmented them into four categories: Leaders, High Achievers, Innovators and Major Players. Vendors were assessed through a combination of client feedback interviews and analyst evaluation based on their “ability to deliver immediate benefit” as well as their “ability to meet client future requirements.”

Read the full NelsonHall report.

About Magnit™
Magnit™ is a global leader and pioneer in contingent workforce management. Our industry-leading Integrated Workforce Management (IWM) Platform is supported by 30+ years of innovation, modern software, proven expertise, and world-class data and intelligence. It enables companies to optimize talent and diversity goals while achieving operational and financial success. With Magnit, companies can adapt quickly to the evolution of work to grow their extended workforce with greater agility, transparency, and speed. magnitglobal.com

“Magnit” is a trademark or registered trademark of Magnit, LLC. Any trade, product, or service name referenced in this document using the name “Magnit” is a trademark and/or property of Magnit, LLC.

About NelsonHall
NelsonHall is the leading global analyst firm dedicated to helping organizations understand the 'art of the possible' in digital operations transformation. With analysts in the U.S., U.K., and Continental Europe and Asia, NelsonHall provides buy-side organizations with detailed, critical information on markets and vendors (including NEAT assessments) that helps them make fast and highly informed sourcing decisions. And for vendors, NelsonHall provides deep knowledge of market dynamics and user requirements to help them hone their go-to-market strategies. NelsonHall's insight is based on rigorous, primary research, and is widely respected for the quality and depth of its analysis.