Rethink. Modernize. Innovate.

For decades, contingent workforce management has gone largely unchanged, while the world of work has evolved at lightning speed. Meanwhile, AI has become deeply embedded in our daily lives, transforming everything from shopping to entertainment.

Take Amazon, for instance. If you're like me, ordering groceries or gadgets is just a quick Alexa command away, and in no time, they're delivered to my doorstep. Rufus, the AI-powered recommendation engine, continuously learns my preferences, offering personalized suggestions that make shopping more efficient and enjoyable. The entire process is seamless, frictionless and tailored to my needs, freeing me from the tedious aspects of shopping.

Imagine if managing a contingent workforce was just as effortless. What if we shifted the focus from tasks and processes to outcomes? The potential for innovation is immense — and technology is key to unlocking it.

Introducing Magnit Platform

Here at Magnit, we aspired to harness the power of AI and other tech innovations in bold, fresh ways to drastically minimize the friction associated with today’s workforce processes. And because AI is only as powerful as the systems underlying it, this also meant strategically integrating multiple capabilities and data sources at a level that had never been achieved.

To shake up the status quo, we not only challenged our internal team to question the way things had traditionally been done, but also reached outside our space, drawing inspiration from how other tech companies are innovating and weaving those insights into our approach.

The result of this radical rethinking is Magnit Platform, the industry’s first outcome-driven, AI-powered platform and a complete paradigm shift in how companies approach contingent workforce management. As detailed in our press release, the Platform is turbocharged by a curated data ocean, diverse talent channels, and the power of AI/ML.

Let’s look at how Magnit Platform is transforming contingent workforce management and how its three core layers enable organizations to level up their workforce.

System of Engagement

Managing a contingent workforce has become increasingly complex. Stakeholders across the ecosystem — hiring managers, suppliers, MSPs and more — must deal with a host of manual, unnecessarily complicated tasks that cripple efficiency. But what if we could make these processes simpler and smarter?

This shift is now possible, where integrated technology learns from your business, automates repetitive tasks, and transforms data into actionable insights. Powered by Maggi, a new GenAI companion that informs, helps execute and drives smarter planning, Magnit Platform ensures a streamlined experience for everyone in the workforce journey. With Maggi by your side, you’ll be freed up to tackle strategic initiatives, gain unparalleled visibility into your workforce, and optimize resource allocation.

System of Action

From sourcing and recruitment to compliance and supply chain coordination, the pressure to find and manage the right talent efficiently has never been higher. Fragmented systems and manual processes can limit growth and agility, making it difficult to respond to the diverse needs of today’s workforce — whether blue-collar, white-collar, or blended.

By embracing automation and advanced technologies, organizations can streamline these processes, creating a cohesive, agile strategy regardless of the type of expertise required.

The system of action in Magnit Platform simplifies and automates workflows across critical workforce management processes. Finally, organizations have seamless access to the most qualified candidates for every role, enhancing flexibility and driving competitive advantage.

System of Record

Given the current talent supply chain crisis, organizations are finding it harder to tap into the right skills at the right time. Traditional hiring methods can be limited by narrow talent pipelines and stale, fragmented data, slowing down hiring and leaving companies struggling to keep up with market demands.

To stay competitive, businesses must utilize real-time data and advanced technology to power smarter decision-making. Leveraging an expansive data ocean, curated by industry expertise and powered by AI/ML, Magnit Platform’s system of record increases access to inclusive talent. Clients also gain insights into proprietary and industry data on market and pay rates by location, skills and candidate profiles, helping maximize cost savings and market competitiveness.

Future-Proofing How You Find and Engage Top Talent

With the launch of the new AI-Powered Magnit Platform, Magnit has again chosen a different path than the norm, embracing innovation so organizations can accelerate time to hire, optimize contingent workforce spend, ensure compliance, and scale access to quality talent.

For more on Magnit Platform and how you can level up the way you work, check out our solution brief.

Disclaimer: The content in this blog post is for informational purposes only and cannot be construed as specific legal advice or as a substitute for legal advice. The blog post reflects the opinion of Magnit and is not to be construed as legal solutions and positions. Contact an attorney for specific advice and guidance for specific issues or questions.