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Workspend
Overview
Workspend is a United States-based company operating within the Business Services industry, specifically focusing on HR and staffing solutions. Founded in 2000, the company employs between 201 and 500 individuals and reported a revenue of approximately $104.67 million. Workspend specializes in managing contingent workforce programs, as evidenced by a case study that highlights their work with a utility industry client. This client faced challenges related to compliance, cost control, operational efficiency, and diversity within their contingent workforce of around 250 workers. Workspend implemented a comprehensive managed service provider (MSP) solution that resulted in a significant increase in Tier-2 diversity spend from under 5% to 55%, alongside achieving 19% in cost savings and reducing time-to-fill for critical positions by 50%. The company's approach emphasizes a people-first strategy, focusing on collaboration and compliance to enhance operational effectiveness and client satisfaction. The limited document corpus reflects Workspend's commitment to addressing workforce management challenges through innovative solutions.