Having diverse staffing vendors in your MSP program isn’t just about doing the right thing, it’s a smart business move. At Suna Workforce Management (SWM) we recognize that embracing supplier diversity aligns with our commitment to Diversity, Equity and Inclusion (DEI) and mirrors the priorities set forth by state and federal initiatives.
Why Diverse Staffing Vendors Matter
Supplier diversity involves partnering with businesses that are at least 51% owned and operated by individuals from historically underrepresented groups. These include:
- Disabled-owned businesses
- LGBTQ+ owned businesses
- Minority-owned businesses
- Veteran-owned businesses
- Women-owned businesses
Incorporating these diverse suppliers into your MSP program fosters innovation, strengthens community ties and drives long-term economic impact. According to a 2024 report by Supplier.io, companies with supplier diversity programs generate a 133% greater return on procurement investments compared to those without such initiatives (source).
The Business Case for Supplier Diversity
Beyond social responsibility, supplier diversity offers real business value:
- Innovation and agility
Diverse suppliers bring new perspectives that lead to creative solutions and stronger adaptability in a rapidly shifting market. - Economic impact
Investments in diverse suppliers have a ripple effect. For example, $168 billion spent directly with small and diverse suppliers created a total economic impact of $303 billion and supported over 710,000 jobs (source). - Market growth
Organizations that prioritize supplier diversity are 70% more likely to enter new markets and expand their customer base (source). - Cost savings
Companies with active supplier diversity programs report 8.5% lower overall operating costs (source).
SWM’s Commitment to Supplier Diversity
At SWM we are proud to work with a wide range of diverse staffing vendors. Our network includes certified partners representing minority-owned, women-owned, veteran-owned, LGBTQ+-owned and disabled-owned businesses. These relationships help us build stronger workforce solutions for our clients while supporting communities across the country.
OUR SUPPLIER DIVERSITY NETWORK BY THE NUMBERS
We don’t just talk about diversity, we live it. Our current supplier network includes:
- 6 Disabled-Owned Businesses
- 3 LGBTQ+ Owned Businesses
- 48 Minority-Owned Businesses
- 8 Veteran-Owned Businesses
- 27 Women-Owned Businesses
Each of these partnerships plays a vital role in delivering high-quality talent while driving equity and inclusion across the workforce.
Aligning with State Priorities
More and more government agencies are prioritizing supplier diversity when evaluating procurement partners. By integrating diverse staffing vendors into your MSP program your organization demonstrates alignment with these public goals and positions itself as a values-driven leader in workforce strategy.
THE ROLE OF SUPPLIER DIVERSITY IN GOVERNMENT CONTRACTS AND MSP PROGRAMS
Supplier diversity is not just encouraged in government contracting, it’s often a formal requirement. Many federal, state and local agencies mandate a certain percentage of procurement spend be directed toward certified diverse businesses. In MSP programs that support public sector clients, ensuring a robust network of diverse staffing vendors isn’t optional, it’s essential. Partnering with diverse suppliers enables organizations to remain compliant, competitive in bid processes and aligned with contractual goals. By embedding diversity into your MSP strategy, you strengthen your eligibility for government contracts while reinforcing your organization’s commitment to inclusive economic development.
Take Action: Join Our Diverse Supplier Network
Are you a diverse staffing vendor looking for new opportunities? Register with SWM and become part of a growing network dedicated to expanding access and equity in hiring. Together we can help you grow your business and meet client diversity spend goals. Register as a Diverse Vendor
If you’re an organization looking to improve supplier diversity and meet inclusion benchmarks through your MSP program, let’s talk. Learn More About Our MSP Program
Embracing diverse staffing vendors within your MSP program is more than a compliance strategy. It’s a smart business move that powers innovation, boosts economic growth and fulfills a deeper commitment to equity. Partner with SWM to put action behind your DEI goals.