Bring the cost:profit ratio back in your favour.
Tap into the VMS opportunity with Glocal ORPO’s specialized VMS recruiters.
Vendor management system (VMS), a fairly recent phenomenon, is gaining fast momentum, especially in big companies. VMS is a software program that allocates job requirements to staffing companies, independent consultants, recruiters, and consulting companies. This program facilitates the interviewing and hiring process, time management, endorsement, and payment for employees (temporary, contingent, and full time). Companies employing a Vendor Management System (VMS) model have specific needs in their staffing search.
VMS poses a lot of challenges for staffing companies since they have minimal or no contact with the hiring managers and thus cannot establish the exact needs or requirements. However, considering the bulk of requirements generated through VMS, it is hard to ignore such an opportunity. This brings the staffing companies to a catch 22 situation since it requires dedicated recruitment efforts with lower warrantee of returns. It essentially becomes a cost v/s profit equation. We help our partners overcome this dilemma.
Recruiting costs for many a company go up because vendor ‘fill ratios’ sink. On an average, it has been found that out of every three to five resumes presented, one is made in a non-VMS program. This only results in a fourfold increase in recruiting cost. We, at Glocal ORPO, do not let this happen.