With the UK currently spending more than £2.5 billion on permanent external recruitment each year, yourpeoplemarket.com, an online marketplace linking recruitment companies with employers, is transforming the way recruiters win business.
After registering as a recruiter on yourpeoplemarket.com, companies can view current vacancies posted by employers across all sectors. Uniquely, employers indicate the fixed fee they are prepared to pay for each vacancy, but recruiters with suitable candidates they're itching to place have the opportunity to bid lower than that set rate to gain a competitive advantage.
“This approach brings positive change to the way the recruitment market operates, levelling the playing field by giving recruiters access to opportunities they would not otherwise have,” said Chris Smith, CEO. “Whereas companies currently rely on tactics such as cold calling, or are stymied by Preferred Supplier Lists, yourpeoplemarket.com gives everyone from the independent headhunter to the multinational organisation the opportunity to put their competitive foot forward.”
All registered recruiters are vetted, giving employers confidence in the quality of organisations that approach them with candidates. After every engagement the employer rates the recruiter – the better the rating, the better the company’s profile and the more success it will have within the marketplace in future.
“yourpeoplemarket.com has been created by recruiters for recruiters, and our rating system reflects this,” explained Paul Blacklidge, Managing Director. “It means that recruiters truly own, build and manage their reputations within their respective employer communities and, more importantly, it means that employers focus upon ability and not marketing budget when selecting a recruiter.”
yourpeoplemarket.com has no upfront costs and is completely self billing, acting as a clearing house to ease the administrative burden such that recruiters don’t even need to raise an invoice.
The system is now open for registration at www.yourpeoplemarket.com, with live job bidding commencing on 5th April 2010. For each registration before 5th April, yourpeoplemarket.com will donate £1.00 to Make-A-Wish Foundation UK.