From our work in the market, we always have conversations with organisations who have similar hiring challenges. After speaking to teams across Matrix SCM, we have put together examples of how the Neutral Vendor model helps our clients overcome those challenges.

Reviewing core hiring challenges:

Below we have explored some of the core hiring challenges that organisations face, and showcase how you would overcome them under a Neutral Vendor model:

Attracting the right Candidates / Talent Shortages:

The Neutral Vendor model introduces fair, open and transparent competition into the marketplace. The result is a supply chain that, in the knowledge they will have fair access to the buyer’s requirements, is keen to put forward the best possible candidates for mutual benefit. By building a diverse supply chain and releasing roles on a level playing field, you will get the right candidates at the right time. Across our clients this strategy achieves 99.6% fulfilment within a client set deadline.

Qualifying Candidates and ensuring Compliance:

Managing your hiring through our system CR.Net, we ensure that all candidates being put forward through agencies meet certain requirements before they can be processed. This ensures that candidates are qualified and have any relevant certifications, accreditations and training to guarantee 100% compliance.

Hiring Fast and Efficiently:

Technology is the key here; by utilising automation, driving efficiencies, removing manual work, and integrating systems to stop double data entry, you can speed up hiring. Ensuring that your processes move quickly, so you don’t miss out on talent. As an example, a hiring manager can release a role on average in 2 to 4 minutes to the supply chain.

Utilising Recruitment Data and Metrics:

As all your hiring is processed through our system, we capture all the data in our Management Information that can be viewed in our Reporting Suite and Business Intelligence Tool. Having access to this at a click of a button allows you to quickly and efficiently, view, understand, and make data driven decisions. As our system is completely transparent, you can see what’s working well, what areas need work, and action accordingly of factual data.

Success Rate:

Problems with fulfilment can be expensive, so successful hiring is vital to help deliver savings. The Neutral Vendor model fundamentally believes, that having a diverse supply chain drives fulfilment rate. As an example, across our clients on average we achieve fulfilment rates of 99.6% of roles being filled within client set deadlines (when they need them on staff).

Average Hiring Cost:

A big pain point for hiring is the cost to get someone on site, this is both the cost of getting someone on site and the effects of not having that person on site quick enough. By driving efficiencies in hiring processes, the Neutral Vendor model drives fulfilment and on average delivers 11% annual savings of recruitment costs year on year.

Providing a Good Candidate Experience:

By driving everything through the system, the process is quick and informative. Hiring Managers can review candidates and provide feedback quickly, that in turn the agency can easily access in the system to feedback to candidates. Providing a smooth and informative process for hiring managers, agencies and candidates so that everyone has a good experience.

Research into Pain Points and Positive Points in Hiring Processes, 2018 vs 2019:

As a market leader, we have been running research into the core pain points and positive points organisations experience in their recruitment processes. We have compiled the results into a report alongside examples of how top organisations are overcoming those issues.

To give you an example, the main areas we see people struggling are:

83% of organisations surveyed in 2018 experienced poor fulfilment in front line service areas. Contrasting that only 17% had a problem accessing a wide range of talent. However, in 2019 74% of organisations had poor fulfilment and 55% experienced talent issues.

Check out the results and analysis from our expert teams by downloading the report: