The company says its solution has the first fully integrated hiring marketplace within its vendor management system (VMS) network to streamline hiring. It brings together independent, national, and boutique recruiters along with individual candidates into one platform, giving employers more options to choose from.
More information about Prosperix is available at https://prosperix.com/hiring-marketplace
Businesses can optimize recruitment costs while getting higher-quality hires. Similar to standard vendor management systems, companies can also create custom workflows that match their 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. Its AI-powered algorithms accomplish this task by assessing these three attributes of the suppliers: profile, talent pool, and performance.
Automating this process also yields valuable analytics, allowing recruitment teams 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 talents 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 to businesses that need to fill both contingent and full-time positions quickly. What’s more, treating talent sources as vendors brings power back into hiring managers’ hands.”
To better understand Prosperix’s VMS network, prospective clients can request a live demonstration of the platform. Its website also hosts an FAQ that gives deeper insight into this solution.
Interested parties may visit https://prosperix.com/hiring-marketplace if they wish to learn more about the company and its tech-enabled solutions.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Bulletin Track journalist was involved in the writing and production of this article.