Magnit

Managing a modern workforce comes with increasing complexity. Businesses today must balance agility, compliance and cost efficiency while ensuring they attract and retain the right talent. Many organizations face fragmented workforce strategies, inefficient hiring processes and a lack of insights into labor trends, which makes it difficult to scale and adapt. Magnit provides a structured, data-driven approach that helps businesses address these challenges effectively, ensuring businesses remain compliant, efficient and adaptable to changing workforce needs.

“The contingent workforce management market benefits from long-term secular trends, and Magnit is uniquely positioned to capitalize on this opportunity at a global scale through its client-centric approach, proven expertise, innovative technology platform and data intelligence,” says Chandra Dhandapani, CEO.

Rather than relying on rigid workforce models, Magnit offers tailored strategies designed to align with specific business goals. By providing visibility into workforce operations, the company enables organizations to make informed decisions that optimize hiring, enhance efficiency and control costs. Through AI-powered insights and predictive analytics, Magnit helps businesses anticipate hiring needs, adjust workforce strategies and improve overall talent management. Its integrated approach covers contingent labor, direct sourcing and employer of record services and shift-based workforce management, which ensures organizations have the right people in place when and where they are needed.

Along with it, Magnit’s AI-powered IWM platform, a data-driven workforce management solution featuring Generative AI companion Maggi, enhances workforce management by automating tasks, simplifying workflows and optimizing hiring processes. Its AI-powered platform enhances talent strategies by centralizing data, optimizing supplier networks and enabling adaptive workforce planning. Magnit also integrates Diversity, Equity and Inclusion (DE&I) solutions, helping businesses build inclusive hiring practices that adapt to evolving workforce needs.

Beyond the IWM platform, Magnit offers a comprehensive suite of workforce solutions, including vendor management system (VMS) for efficient supplier management, managed services provider (MSP) to streamline contingent workforce programs and employer of record (EOR) services to simplify global talent hiring. It also provides direct sourcing and payroll solutions to ensure businesses remain agile and competitive in the growing trend of workforce management.

In workforce management, Magnit helps organizations manage compliance for hiring, payroll and labor regulations more effectively. Its integrated platform simplifies regulatory requirements by automating compliance tracking and ensuring adherence to local and global labor laws. This allows businesses to handle compliance through real-time monitoring and built-in safeguards with greater ease and confidence when managing contingent, full-time and project-based workers. By reducing administrative burdens, organizations can maintain operational efficiency while minimizing legal risks and penalties.

To achieve long-term success, organizations need more than just traditional workforce solutions—it needs intelligent, data-driven strategies. For example, a leading global technology company partnered with Magnit to enhance its contingent workforce strategy. By implementing AI-driven insights and optimizing supplier management, the company achieved a 23 percent cost reduction while improving workforce efficiency. In addition, Magnit’s DE&I solutions helped the company increase diverse supplier participation, ensuring a more inclusive talent acquisition department. This success highlights how Magnit’s platform transforms workforce management into a competitive advantage.

Businesses can gain a deeper understanding of workforce trends by leveraging AI and analytics, but optimizing their strategies requires identifying gaps and areas for improvement. A key feature of Magnit’s platform is its dedicated digital assessment tool, which helps organizations evaluate their current strategies, measure workforce program maturity and receive personalized recommendations for growth. This continuous assessment ensures businesses evolve their workforce management programs in alignment with their broader organizational objectives.