Magnit Recognized as "Market Leader" in Ardent Partners' 2024 MSP Solution Advisor Report

Magnit recently received the “Market Leader” designation in Ardent Partners’ 2024 Managed Service Provider (MSP) Solution Advisor report again this year for the second consecutive year following its biennial MSP 2022 report. Magnit was recognized for its transformative MSP solution and continued dedication to workforce innovation.

The report evaluated 12 MSP providers and classified them in four categories: Market Leaders, Trailblazers, Vanguard Leaders and Challengers. Ardent Partners leveraged a rigorous and complex research process to develop the MSP Solution Advisor report, utilizing its expertise, decades of contingent workforce management experience, and both quantitative and qualitative knowledge.

Magnit ranked the highest among all MSPs included in the evaluation in the Solution Strength criteria, which includes considerations such as AI capabilities, analytics and reporting, compliance, supplier management, direct sourcing, and SOW/services procurement. In addition, Magnit also received a high rating in the Provider Strength portion of the assessment, which covers execution ability, solution maturity, client success, references, solution roadmap, and solution vision.

“Magnit is the workforce solution that represents the Future of Work: cutting-edge technology, a commitment to innovation, and an arsenal of offerings that seamlessly enable a next-generation approach towards talent acquisition, workforce scalability, and extended workforce management,” said Christopher J. Dwyer, SVP of Research at Ardent Partners and author of the new report. “In an evolving business landscape that essentially demands agility, flexibility, and innovation, Magnit stands out as a powerhouse of workforce solutions, automation, and services to transform the world of talent and work.”

According to Ardent Partners, Magnit is “an industry pacesetter that has consistently set the bar for extended workforce innovation through its integrated approach towards technology (VMS, market intelligence) and services (MSP, direct sourcing, services procurement).” Ardent Partners also highlighted a number of Magnit’s strengths in the report, including its:

• Magnit Platform: A generative AI-powered solution that hyperscales business talent requirements, automates engagement alignment, and provides a single system of engagement for extended workforce management based on learned enterprise behavior.

• Services Procurement/SOW Management Offering: One of the industry’s deepest and most effective solutions due to its innovative integration of upstream and downstream support that is augmented by high-touch, white-glove expertise and its VMS.
• Direct Sourcing Solution:  Identifies current and future talent demand, catalyzes talent community development, develops talent sites via powerful branding and marketing functionality, and continually monitors workforce management via a dedicated governance program.
• Redeployment Marketplace: Converges elements of direct sourcing and real-time engagement of pre-vetted workers, the strongest instance of this type of solution in the industry, placing top-tier workers ending assignments into open role opportunities based on key requirements (like region, job type, job title, skillset, bill rate, etc.).

Learn more about Magnit’s MSP services in Ardent Partners' 2024 MSP Solution Advisor Report.