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New Staffing Exchange Lets Staffing Vendors Build Partner Networks With Peers
Added: (Tue Dec 09 2003)
CHICAGO, ILLINOIS December 10, 2003 -Subcontract.com Inc. today announced the launch of a new version of its service which is designed to encourage staffing vendors to build networks with peers in their local or vertical market.
Dubbed Subcontract.com 5.0, this newest edition to Subcontract.com’s three year effort represents a substantial breakthrough. “To date, our biggest resistance in signing on new staffing vendors has been the existing network’s lack of either regional or vertical market participation unique to each new prospective vendor. Customers would visit the site, search for vendors or candidates in their market and leave if there was not an existing and substantial presence. It was the chicken-and-the-egg dilemma” states company president Michael Sparks.
The new service presents itself as a communication platform for staffing alliances and networks first and an existing network of vendors second. Subcontract.com 5.0 encourages staffing vendors to take the initiative with their existing partners and adopt the service as their new communications medium. Another substantial difference with the new version is in how participants connect to and interact with the staffing exchange. This has changed in two ways.
First, resume database searching is now emphasized as the primary means of match-making over job posting. The logic behind this may not be obvious but it is substantial. Consider a job posted by a vendor to 1000 peer vendors. That’s 1000 man-minutes spent. Then 100 vendors submit a candidate. That is another 1000 man-minutes spent. Then the prime vendor has 100 submittals to review. 99% of the submitting vendors will not get a placement. What they take from that experience is that is an unprofitable distraction from their direct placement efforts. If the prime vendor instead searches the resume database, he or she will likely identify a better match than would be submitted in response to a job posting and the vendor which posted that candidate gets a phone call. No time is wasted unless there is a match on the table.
Second, a revised API called exchangePORTAL is included with Subcontract.com 5.0 which the company claims allows “any applicant tracking system software” to connect to the Staffing Exchange to make tasks such as candidate inventory posting, resume blinding, job posting and resume database queries “effortless”.
To help build momentum for 2004, Subcontract.com is offering all new customers a special 60 day trial beginning January 5th, 2004 but for which they must pre-register by December 19th, 2003. Participants in the trial must become certified as a safe vendor and undergo training prior to commencement of the trial. This is provided by Subcontract.com at no additional expense.
About Subcontract.com
Subcontract.com, Inc. is the leading sub vendor management system and vendor to vendor staffing exchange, providing a B2B counterpart to popular jobsites and resume banks such as Monster.com® and HotJobs.com®. Each vendor has the ability to both source from and optionally supply to all other participating vendors depending upon their unique strategy. Registered and screened vendors receive real-time notifications of hourly, permanent, project and offshore opportunities from other registered vendors. Member firms may also list their benched candidates in the search engine and receive warm leads from interested parties, avoiding the job workflow. Industry leading Supplier Diversity Tools have recently been added allowing prime vendors to identify and source candidates from minority, woman, veteran and service disabled veteran owned vendors. Subcontract.com also includes Resume Pooling® for enterprise-wide internal candidate searching and easy VMS® for sub vendor management and vendor-on-premise functionality. All services are offered for one low subscription and there are no per-transaction fees. The company recently reported in excess of 30,000 candidates contracted through its service since 2001 representing over $700 million in transactions. Industry SIC codes served include (SIC 736), (SIC 7361), (SIC 7363). NAIC codes served include (NAICS 5613), (NAICS 561310), (NAICS 561320), (NAICS 561330). For more information, contact Subcontract.com Inc.: 675 Grove Terrace Drive, Suite 109, Elk Grove Village, IL 60007 Tel: 800-682-5751, fax: 831-306-7057, or visit www.subcontract.com, or email mary.p@subcontract.com