SmartRecruiters Offers New Recruiting Agency Management Capability

Hiring platform SmartRecruiters recently announced a new Recruiter Marketplace that makes it easy for companies to contract and manage all their agency recruiters from a single point.

Features of the new recruiting agency management capability include:

• Best Recruiters—As an invitation-only marketplace, customers can invite their preferred suppliers or discover new ones vetted by their peers. SmartRecruiters automatically ranks the best performing recruiters for any given job.

• Solid Terms—Customers can: view terms for all recruiters, negotiate and contract directly online (benefiting from marketplace transparency), and elect to submit a job to the marketplace and allow recruiters to bid for that business.

• Visibility Control—Companies can manage all their 3rd party recruiters from one platform; providing transparency and control over spend, performance, and terms.

• Streamlined Process—Candidates submitted by recruiters are visible in the company’s SmartRecruiters account where they can leverage the full applicant tracking and collaborative review capabilities to take those candidates through to hire.

“Because the recruiter marketplace showcases the statistical performance and customer reviews of recruitment agencies, it’s an all around win for quality: the better firms get more business and the employers get better candidates faster,” SmartRecruiters Founder and CEO Jerome Ternynck said.

Recruiters who get invited to the marketplace can market their services to SmartRecruiters’ 35,000+ customers across all industries. Through an online Agency Portal, recruiters can receive leads, submit proposals, sign contracts, discuss requirements with the customer, submit candidates and collect fees.

“Recruiters will have the opportunity to let the performance of their work easily acquire new clients,” Ternynck said.

Like the rest of SmartRecruiters’ hiring technology platform, the new recruitment agency management feature is free to all customers. The company collects a 30 percent share of all fees processed through the marketplace.