The Work Index by Flexa

Magnit

Magnit is a global leader in contingent workforce management, providing software and services to help organizations shape the future of work.

https://magnitglobal.com/
6.0

/10

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Description

Magnit is a global leader in contingent workforce management, offering a comprehensive suite of technology-driven solutions and services to help organizations optimize their non-employee workforce. The company provides a platform that includes a Vendor Management System (VMS), Managed Service Provider (MSP), Employer of Record (EOR), and Services Procurement solutions, all built on a foundation of robust data analytics and a commitment to vendor neutrality. Magnit empowers organizations to build talent ecosystems that deliver desired outcomes, focusing on cost savings, quality assurance, and compliance.

Magnit is also deeply committed to diversity, equity, and inclusion (DE&I) within its own workforce and in the broader contingent workforce landscape. The company has implemented initiatives to foster an inclusive culture and to promote representation across all levels of the organization. Additionally, Magnit provides dedicated DE&I services to its clients, helping them achieve their goals for a diverse and equitable contingent workforce. The company also prioritizes environmental sustainability, operating with 100% renewable energy and a 2030 Net Zero commitment. Magnit's commitment to DE&I and sustainability positions them as a leader in shaping the future of work.

Flexibility

Magnit offers a variety of work arrangements, including remote and hybrid work options. This flexibility allows employees to choose the work environment that best suits their individual needs and preferences, promoting a healthy work-life balance.

Hybrid

Benefits

Magnit provides a comprehensive benefits package for its employees, emphasizing work-life balance and professional development. This includes generous paid time off, retirement benefits, medical/dental/vision/life insurance coverage, professional development opportunities, paid volunteer days and donation matching, parental benefits, wellness benefits, robust new hire training, employee discount programs, remote/hybrid work options, an employee rewards and recognition program, and transparency in medical coverage.

Enhanced parental leave

Mission

Magnit is a global leader in workforce management, dedicated to shaping and delivering the next chapter in talent management for businesses around the world. They offer an AI-powered platform, robust data analytics, and dedicated services to empower organizations to build talent ecosystems that drive successful outcomes. With a focus on vendor neutrality, Magnit prioritizes diversity, equity, and inclusion, providing clients with comprehensive solutions for sourcing, managing, and engaging a diverse and high-performing workforce.

Automation
Data-driven
Disruptor
Environmental impact driven
Social impact led
Sustainability
Tech for good

Culture

Magnit promotes a culture of innovation, collaboration, and growth. They value boldness, agility, and diversity, encouraging employees to bring their best ideas and make an impact. They foster an inclusive environment through employee resource groups and prioritize transparency, ethical business practices, and professional development.

Agile and dynamic
Collaborative
Engaging
Entrepreneurial
Fast-paced
People-first
Progressive
Supportive
Transparent

DE&I

Magnit is dedicated to fostering a diverse and inclusive workplace by creating a culture of belonging and equity. They actively recruit, retain, and develop diverse talent, with goals of 50% VP+ female representation and 10% increase in people of color representation by 2030. They provide unconscious bias training for all employees and offer mentorship opportunities to empower underrepresented communities. Magnit also works with clients to shape the diversity of their contingent talent through dedicated DE&I services, aiming to match the level of diversity in their contingent workforce with their full-time workforce.

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