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Posts Tagged ‘war for talent’

5 ways a Vendor Management platform will provide an influx of talent without the hassle

RecruitAlliance:  The no-cost vendor management solution for hiring companiesThe war for talent refers to an increasingly competitive landscape for recruiting and retaining talented employees. It's not a set of superior Human Resources processes, but a mindset that emphasizes the importance of talent to the success of organizations. The term War for Talent comes from a late-'90s warning from McKinsey & Co. that alerted business to a coming talent shortage and urged companies to prioritize talent strategies around recruiting, retaining, and developing key employees. The statistics speak for themselves; by 2020, employers in the world’s richest nations are forecast to be short as many as 18 million college-educated workers.

What can organizations do to ensure they have access to top talent by the most efficient means, while increasing their candidate flow? Outside of cultivating talent from within, making learning on-demand, and redefining 'success' within a company, what can employers do to win the war for top talent?

A thoughtfully implemented and robust vendor management system (VMS) can completely optimize the disjointed and complicated process of the acquisition and management of a contingent and permanent workforce. A good VMS can result in significant cost savings through more efficient processes at every step of the workforce supply chain.

How can a VMS improve the talent pool for a growing company? Here are 5 ways a Vendor Management platform will provide an influx of talent on a consistent and scalable basis.

1. Significant cost savings across the enterprise. Many hiring companies do not have a centralized recruitment process. As such, fee negotiations with staffing and recruitment agencies is done by individual hiring managers, based on their approved talent acquisition budgets. By implementing a quality Vendor Management System, companies become empowered to reduce costs across the board.

2. Reduce time-to-fill metrics. For everyday a key position remains open, a department or business division loses precious revenue. Filling these jobs can impact an organization at every level. Time to fill is a measurement of how long it takes an organization to fill a position once the opening has been approved. It is an indicator of hiring efficiency but should be balanced with cost and quality hiring measures. Time to fill can provide valuable feedback in determining which sourcing methods and recruitment strategies can most quickly produce the needed candidates. Cost of vacancies in jobs can be significantly reduced by driving down the time it takes to fill a job. When hiring companies opt to utilize a VMS, they choose to take control of the speed at which their roles are filled with the right people.

3.  Source higher quality talent.  When a company works with staffing agencies to fill a specific role, they are often unsure which agency will deliver results. They may spend hours seeking one or more external recruiters who specialize in the area of their openings, and even more time completing an intake session with each recruiter.  Utilizing a Vendor Management System, matching recruiting agencies receive an instant email notification of the newly posted job, access the job order, and begin submitting candidates.  This process significantly streamlines the entire talent acquisition process, and ensures candidates are submitted who match the job specifications.

4.  Consolidated invoicing.  When an employer works with multiple search firms, they must receive and process multiple invoices based on different payment terms.  The process is taxing to the Accounts Payable department within the business, and can create further customer service issues for the hiring manager.  When working through a quality VMS, they offer managed billing or consolidate invoicing.  The agency simply invoices the Vendor Management company, and the Vendor Management provider processes everything.  When billing questions arise, it is the VMS company who handles the additional phone calls, emails and inquiries.

5.  Positively impact retention, while providing employers with the ability to measure recruiting agency performance.  It's no secret--when top talent comes your way, and a replacement or money back guarantee is in place, your hires are far more likely to remain in their new role.  Leveraging a Vendor Management solution impacts retention, which ultimately affects profitability.  With full-reporting capability, most VMS's provide employers with a wealth of statistical data to analyze their Vendors' results, to determine if maintaining the relationship is worthwhile for future endeavors.

RecruitAlliance is a no-cost Vendor Management Solution preferred by small, medium and large business entities.  This recruiting tool has successfully helped Clients reduce talent acquisition costs, reduce time to fill, improve retention, and provides employers with more control over cost, contracts and compliance.  To learn more, visit www.RecruitAlliance.com.

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Attracting top talent: How valuable is it to your organization?

Comments Off on Attracting top talent: How valuable is it to your organization?Written on August 13th, 2012 by
Categories: Corporate Recruiters, Human Resources, Third-Party Recruiters
RecruitAlliance puts your organization in the driver's seat to find top talent.Imagine if you went out to purchase a car. You know you want to have a fully loaded luxury car, with all the bells and whistles. Top quality, high performance are key in your decision. You locate and pick out your perfect vision of a vehicle, and when it's time to pay, the sales person tells you the cost. Keep in mind, this is exactly what you want and need in terms of your original goals and parameters.

Finding the right candidate to position your organization for growth, profitability and success is much like buying a luxury car. It's a long-term investment. Yes, you're going to pay more initially, but over time, this is the investment that doesn't depreciate and that keeps your organization running like a well-oiled machine.

Companies and candidates want to get the best value for their investment. High caliber candidates feel they invest their time and sweat-equity in building you a better organization. These aren't people who respond to a job board postings, or even become active applicants through your ATS. These are key players who have the ability to make your organization great, or make your competition superior.

When you're company is ready to hire top talent, it's time to log in to RecruitAlliance. RecruitAlliance is a website that connects hiring companies with third party recruiters who specialize in finding top talent within your industry. Membership to this cloud-based recruitment solution is free, and it eliminates the necessity for any RFP process, fee negotiations, or unwanted communications from recruiters.

Just how valuable is exceptional talent to your company? If you don't hire the best for key positions, your competition will.

To learn more about the RecruitAlliance platform as a viable tool for your business, visit http://www.RecruitAlliance.com.

Looking for ways to Reduce your Cost-Per-Hire?

Comments Off on Looking for ways to Reduce your Cost-Per-Hire?Written on August 29th, 2011 by
Categories: Corporate Recruiters, Human Resources
RecruitAlliance can reduce your cost-per-hire.Cost Per Hire
Cost per hire is a well-known metric, calculated by dividing the total staffing costs by the number of hires. Total staffing costs break down into fixed and variable costs. Fixed costs include recruiters’ salaries, staffing infrastructure, and overhead. Variable recruiting costs are made up primarily of sourcing costs, but may also include agency and assessment fees if applicable.

Cost versus Quality
The true challenge for human resources and hiring managers today is in gaining the return on investment for the quality of hires. While technology continues to evolve, and create new ways to connect with candidates, it does not remove the issue of engaging the upper-tier individuals who can generate more revenue for your company. Essentially, when all of your competitors have access to the same technologies and social media to source candidates - you're involved in another battle in the war for talent.

There is one solution that has been helping busy corporate HR and Recruiting departments since 2001. RecruitAlliance(RA) is a web-based platform available to qualified employers at no cost. Here's how it works:

1. The employer posts their jobs open to agencies on the RecruitAlliance website.
2. Contingency recruiters compete to fill the vacancies, at the fee set-up by the employer.
3. The recruiters submit all of their qualified candidates through the RecruitAlliance platform, and employers receive instant notification.
4. All communication may be done through RecruitAlliance, preventing the need for intrusive phone calls and interruptions.
5. Employers have complete access to advanced recruitment reporting analytics, right on the RA website.

Employers are able to fill their jobs faster, while naming the fee they're willing to pay may drastically reduce the organization's cost-per-hire. To sign up for a complimentary employer account today, click here.

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