How A VMS Network Can Help Decrease Time-To-Hire

Feb 16, 2023

Finding the perfect candidate can feel like looking for a needle in a haystack. With Prosperix’s automated talent supplier management platform, however, it doesn’t have to be that way.

How A VMS Network Can Help Decrease Time-To-Hire

Hiring a great worker is hard. Hiring a great worker in this business landscape? Nigh impossible. That’s why Prosperix has created an innovative system to solve this issue.

The company says its solution is the first fully integrated hiring marketplace in the industry, one that uses a vendor management system (VMS) network to streamline your hiring process. It brings together independent, national, and boutique recruiters along with individual candidates into one platform, giving you more options to choose from.

Learn more by visiting https://prosperix.com/hiring-marketplace

By treating talent providers as vendors or suppliers, you can optimize recruitment costs while getting higher-quality hires. Similar to standard vendor management systems, you can also create custom workflows that match your established hiring processes.

According to data from the Society of Human Resource Management (SHRM), employee recruitment typically takes 42 days to complete. However, rushing the process can have serious financial ramifications, as choosing the wrong candidate can cost up to 50% of their annual salary.

To hasten the process without sacrificing candidate quality, Prosperix uses automation to identify the best talent sources for your business. Its AI-powered algorithm uses three criteria to accomplish this task: profile, talent pool, and performance.

Automating this process also yields valuable analytics, allowing your recruitment team to make data-based decisions. For instance, each talent supplier is given a scorecard that takes into account metrics like candidate quality, applied-to-interview rate, offers sent, and actual onboarding.

The platform was also designed to offer candidates a user-friendly experience. If they are recommended by a recruiter, they simply need to create an account with Prosperix to proceed with their application. A built-in CRM will inform them of the next steps, such as interview dates, contract signings, and submission of pre-employment requirements.

A spokesperson says: “Recruitment has been stuck in the past. By leveraging SaaS technology and AI algorithms, we bring a wealth of options so you can fill both contingent and full-time positions quickly. What’s more, treating talent sources as vendors brings power back into your hands.”

To better understand Prosperix’s VMS network, you can request a live demonstration of the platform. Its website also hosts an FAQ that gives deeper insight into this solution.

Hiring employees has never been this easy. Ditch the old-school way of recruitment - try Prosperix's hiring marketplace today!

You can visit https://prosperix.com/hiring-marketplace to learn more about the company and its tech-enabled solutions.

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