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Managed Service Provider
No two MSP contracts are alike because they're designed to adapt to your specific hiring needs. Generally speaking, however, you can expect...
A Fact-Finding Process to pin down precise hiring needs and a realistic timetable.
A Contract for a period of time in exchange for a fixated payment, or a monthly retainer with quarterly reconciliations.
A Recruitment Strategy that aligns with your brand-this will include, for instance, promotional videos, candidate briefing packs, and specific rules of engagement.
A Gradual Transfer Of Workload from your HR department to the recruitment firm.
Assessments Of KPI Results on a quarterly, bi-annual or annual basis.
What Is An MSP?
A MANAGED SERVICE PROVIDER contract is a commitment by a recruitment firm to manage all of your recruitment requirements for a period of time. In addition to regular recruitment processes, this can also include reporting, tracking, onboarding, development planning and long-term scheduling.
When Should You Consider An MSP?
If, for the foreseeable future, you need to fill, on average two or more positions, an MSP will save you money and reduce commercial downtime.
Why Should You Consider An MSP?
A rapid increase in recruitment without a consolidated plan produces poor results, typified by slowing hiring processes and, critically, a reduction in retention rates. Every failed hire can result in up to six figures of wastage.
By contrast, you can expect a comprehensive MSP contract to result in...
•Reduced cost-to-hire
•Increased Retention rates
•Saved time by speeding up the decision-making process.
Did You Know...?
Contracting with more than one recruiting firm to handle an increase in hiring usually results in overlapping work and inconsistent quality standards. When desirable candidates are contacted multiple times about the same role by different recruiters, this has a negative impact on the company brand.
This damage often takes place without your knowledge
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