Case Study: Leading Retail Company achieves $929K in cost savings and improved workforce visibility with Magnit's Employer of Record

Leading Retail Company Achieves Significant Cost Savings and Growth

Leading Retail Company, a global fashion retailer operating in more than 98 countries, faced rising rogue spend and shrinking visibility as its contingent workforce expanded. Key challenges included above‑market pay rates, poor vendor performance, limited workforce visibility across divisions, and weak compliance/governance. The retailer selected Magnit to provide market rate intelligence, program governance, and centralized management through its MSP services.

Magnit implemented a phased solution using its core MSP services, Employer of Record (payrolling and IC compliance), and Integrated Workforce Platform, plus Services Procurement to centralize visibility and control. As a result, the client realized $929K in cost savings (18% of spend), 36 FTE conversions, 100% of staffing fills competitively bid under the max bill rate, a 17.3‑day average time to fill, and stronger supplier participation and compliance under Magnit’s program.