Is Your Staffing Firm Making The Most Out of VMS?
VMS represents a large revenue source for staffing firms, yet it remains unpopular with recruiting and staffing professionals. More than half of surveyed staffing professionals said they were dissatisfied or extremely dissatisfied with VMS.
Most staffing firms find VMS arrangements to be labor-intensive, frustrating and inefficient. To get a better impression at how staffing firms use VMS, Bullhorn and Inavero and asked recruiters to break down their time spent on various VMS tasks in a recent survey. Click through to see how your staffing firm compares to the competition for each VMS task.
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What Are You Automating? Nearly half of the time spent by the average recruiter to fill VMS orders are steps that can be replaced by automation. Do your numbers look similar to the industry benchmarks above? If so, there is likely substantial room for automation of non-value add tasks. While more and more firms are embracing the automation of their VMS process, certain tasks are less likely to be automated than others. The industry landscape for VMS automation looks like this:
While more and more firms are embracing the automation of their VMS process, certain tasks are less likely to be automated than others. The industry landscape for VMS automation looks like this:
Automation Saves Time and Money:
The Inavero survey discovered that automation had a high correlation with efficiency and firm satisfaction. Firms that automated the VMS process were nearly 50 percent faster at formatting candidate submissions and 35% faster at screening.
Additionally, firms that automated more steps of the VMS process reported greater satisfaction than those that automated fewer steps.
The takeaway? If your staffing firm is dissatisfied with VMS, automation may be the key to building a more satisfying and efficient process.
Learn more about getting the most out of your VMS business model with this in-depth look at how staffing firms interact with VMS.
