Magnit is an Integrated Workforce Management platform that leverages over 30 years of innovation to streamline contingent workforce management. By integrating advanced technologies, including artificial intelligence and machine learning , Magnit offers a comprehensive solution that enhances efficiency, compliance, and strategic decision-making for organizations managing diverse talent pools. Key Features and Functionality: - AI-Powered Automation: Magnit's GenAI companion, Maggi, automates routine tasks and provides actionable insights, enabling users to focus on strategic initiatives. - Unified Platform: The system consolidates various workforce management processes—such as sourcing, onboarding, payroll, and compliance—into a single, cohesive platform, reducing complexity and improving user experience. - Data-Driven Insights: Utilizing an expansive data repository, Magnit delivers real-time analytics on market pay rates, skills, and candidate profiles, supporting informed decision-making and cost optimization. - Compliance Management: The platform ensures adherence to labor regulations across various regions, mitigating risks associated with misclassification and non-compliance. - Enhanced Onboarding Experience: Through integration with ServiceNow, Magnit offers an automated and user-friendly onboarding process, improving accuracy and reducing time-to-productivity for contingent workers. Primary Value and Solutions Provided: Magnit addresses the complexities inherent in managing a contingent workforce by offering a streamlined, AI-enhanced platform that reduces manual tasks, ensures compliance, and provides strategic insights. Organizations benefit from accelerated hiring processes, optimized workforce spending, and improved access to quality talent. By transforming traditional workforce management practices, Magnit empowers businesses to adapt swiftly to evolving market demands and achieve superior operational outcomes.