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May 13, 2019

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6 Signs You’re Ready for Talent Supplier Performance Management

Most growing companies can realistically only manage eight or nine staffing suppliers in-house at any one time. The sheer number of manual tasks requires the talent supplier manager to be a Herculean juggler, the center of a constant flurry of activity with no real sense for what’s working.

You know you’ve hit capacity when balls start dropping and hiring goals are missed. Talent Supplier Performance Management is a new type of solution for growing businesses to streamline their hiring efforts and proactively find the right-fit suppliers.

If this is how your life looks, then you're in need of a new hiring solution.Screen Shot 2019-02-07 at 14.21.25

What is Talent Supplier Performance Management?


Talent Supplier Performance Management is a single solution that combines easy hiring tools to automate the manual tasks, with an online marketplace that matches requisitions to experienced suppliers, personal curation of candidates, and a full hiring analytics dashboard to provide vendor managers with an up-to-the-minute view of supplier performance.


Here are 6 signs you may be ready for a Talent Supplier Performance Management solution:

 

1. You need to expand your reach to more candidates


Whether your business requires more employees, niche skills, or diverse candidates to grow and compete, your capacity to manage a limited number of suppliers in-house will inevitably become a barrier. The labor-intensive investment required to work with vendors inherently limits your reach to those vendors’ ever-narrowing talent pools.  

 

How Talent Supplier Performance Management can help

A Talent Supplier Management solution integrates a marketplace of hundreds of proven suppliers providing unlimited reach to a broad and diverse talent pool. The marketplace can handle virtually any specialty, location, or number of hires at any time.  

 

2. You’ve outgrown spreadsheets, manual tasks, and continual supplier onboarding

Today vendor management has become a never-ending cycle of manual tasks, extended hiring cycles, missed candidates, and limited visibility into hiring performance. Entering data into Excel, cutting and pasting, rolling data up, emailing files, following up on candidate status with email and phone calls, tracking contracts and invoices, distributing job requisitions, are inefficient and create room for error.

 

How Talent Supplier Performance Management can help

A Talent Supplier Management solution immediately helps growing businesses eliminate many of the manual pains: one invoice, contract, and relationship for the vendor manager frees up resources to focus on driving performance. Easy hiring technology automates many of the manual tasks and connects hiring managers directly with recruiters and candidates, tracking every interaction.

 

3. You need to find new suppliers with experience in your roles


Most suppliers approach a client claiming they can serve your needs, vs. you proactively searching for the right suppliers. The only way to test a prospective supplier is to invest time and effort to onboard them to your program and wait for them to perform.


How Talent Supplier Performance Management can help

A Talent Supplier Performance Management solution leverages AI to automatically match suppliers in the online marketplace to your specific needs. As soon as your requisition is posted, your role is matched to the right suppliers who have already demonstrated expertise in your domain and geography. Their team of recruiters receives an alert and begins searching from their talent pool.

 

4. You need data to understand exactly how your suppliers are performing


Virtually all functions in business today -- accounting, marketing, operations, IT -- have tools that provide a rolled-up view of how that function is performing, except for talent supplier management. Spreadsheets, supplier scorecards and backward-looking quarterly business reviews with each supplier are a poor substitute for real-time hiring performance metrics that are crucial to your business growth.


How Talent Supplier Performance Management can help


A Talent Supplier Performance Management solution tracks every activity providing a total view of supplier performance at any time. With one glance vendor managers can see a complete overview of the entire talent supplier program, candidate pipeline activity, and individual supplier performance. Current suppliers join via a simple URL and have an unlimited number of logins at no cost.

 

5. You need a more consistent and positive candidate experience


Sixty percent of job seekers report a negative candidate experience with employers, and 72% of job seekers share their negative candidate experience online. When you juggle multiple suppliers and continuously onboard new ones you place blind trust that they will represent your brand well.


How Talent Supplier Performance Management can help

A single solution with one Account Manager and team of talent advisors who personally curate candidate fit means the entire candidate experience is consistent no matter which supplier submits the candidate.

 

6. You don’t have budget 


Traditional solutions require investment in personnel or costly technology tools that address specific areas of the problem. Paying for individual seat licenses or costly integrations are often out of reach for growing businesses. Point solutions often create more headache because they address only a narrow problem.


How Talent Supplier Performance Management can help

A Talent Supplier Performance Management solution requires no upfront investment and you only pay for successful hires. There are no costs for the technology, personal curation or access to the marketplace, and you have a single Account Manager to manage all of the relationships.  

Have you identified with any of those signs?

If so, you’re probably ready to start using a solution:

BOOK A DEMO

Casey Enstrom
Casey Enstrom
I am passionate about helping business leaders adopt crowd-based hiring solutions to hire the best talent. Through a comprehensive workforce and staffing programs assessment, I help identify areas of opportunity where having a hiring marketplace with a curated network of staffing agencies & independent recruiters​ could dramatically impact results.
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