An Integrated Workforce Management (IWM) platform provider, has announced the evolution of the Magnit platform, now powered by GenAI. With this new platform, Magnit™ continues its 30-plus year history of innovation by seeking to solve common challenges in the industry, including complexity, inefficiency, and a lack of strategic focus by leveraging AI and combining data, sourcing and intelligence into a unified experience.

The platform aims to deliver business outcomes at speed by integrating industry-leading capabilities from recent acquisitions, including pay and talent intelligence, blue-collar and shift-based workforce management, and more, into a single platform. Organisations can expect an accelerated time to hire through streamlined workflows, optimised contingent workforce spend supported by global pay intelligence data, robust compliance framework that ensures adherence to labour regulations, and greater access to multiple talent channels.

The Magnit platform consists of three core layers:  

• System of Engagement: Features Maggi, a new GenAI companion that simplifies contingent workforce management by automating tasks and delivering actionable insights.  

• System of Action: Provides intelligent orchestration and automation of workflows across critical workforce management processes, including sourcing, recruitment, onboarding, payroll, and compliance.  
• System of Record: Leverages Magnit’s expansive data ocean, curated by industry expertise, and AI/ML capabilities to provide data-driven insights and enable faster, more informed decision-making. 

Vidhya Srinivasan, Chief Product and Marketing Officer at Magnit, said: “The challenges of traditional contingent workforce management are all too common: complexity, inefficiency and a lack of strategic focus. Organisations often grapple with manual and repetitive tasks, fragmented data, and slow hiring processes, all of which impede productivity and growth. Our platform removes the chaos and empowers users to reach their most ideal business outcomes – simply and effectively. By tapping into a vast data ocean, industry expertise and multiple talent sourcing channels, companies can now optimise their workforce for maximum impact.”