Sourcing
Sourcing is a process of finding the matching candidates
resumes (70% -100%) for the given job description
Types of sourcing
· 1. Passive sourcing
· 2. Active sourcing
· 3. Social sourcing
Screening
It is a process of determining the qualified candidates resume based on his experience, communication skills, Skill set, Location, Pay rate and many other factors.
Types of screening
· 1. Resume screening
· 2. Document Screening
· 3. Candidate screening
Submission
As soon as the recruiter finds a best fit for the given job description, then he should sent the respective resume to his account manager/Team lead / respective reporting manger along with Rate Confirmation, RTR, Documents (H-1B/ Green card/ DL/ necessary Documents).
Types of Submission
· 1. Internal Submission
· 2. External submission
VMS
A VMS (Vendor Management System) is a web-based application that’s acts as a mechanism for business to procure and manage Contingent Workforce
MSP (Managed Services Provider)
An organization that outsources its workforce efforts by understanding the administrator levels.
Bill Rate
The rate which is given by the client to their vendors/sub-Vendors
Pay Rate
The rate which is provided to the consultants by the recruiter on behalf of their company keeping some margin.
Hotlist
In general, a hotlist is a list for consultants who are on the bench/payroll associated with the vendor company.
Sales recruiters are responsible to market all the candidates on their bench /payroll.
Client
Client is an organization or company which needs man force for their requirements to develop/maintain/ test their products.
Direct client
Recruitment firms who work directly with the client as there is no layers / no one between the client and the staffing firm.
Implementation partner
A company which implements the project /provides the man force with the help of other sub vendors.