AI Vendor Management System For Talent Acquisition Initiatives Launched
By utilizing AI to better match positions to qualified candidates and talent suppliers, Prosperix’s new VMS network reduces the time of filling a position, while also reducing employee turnover.
More information is available at https://prosperix.com/vendor-management-system
The candidate-centric VMS network platform creates an ecosystem for hiring businesses, talent suppliers, and candidates, making the entire hiring process faster and clearer for all parties.
Recent statistics have shown that an average of 118 applicants apply for a single position in 2023. Furthermore, the average turnover for a position is at a high of 31%, due to incorrect hires being made or a negative application process. Due to these figures, businesses need to adapt and streamline their hiring processes and, by harnessing the power of Artificial Intelligence, Prosperix offers businesses an innovative solution.
The company’s vendor management system network, or VMS network, is an all-in-one platform that brings together the key components of a hiring marketplace into a simple-to-use dashboard. Through the platform, businesses can create new roles which are then matched to suppliers using AI algorithms that compare their profiles, pools of talent, and performance.
This use of AI can reduce the time it takes to filter through prospective candidates by only presenting prospects that meet certain requirements. Additionally, the system can be used for the complete hiring process, from sourcing through to assessment, onboarding, and even the redeployment of workers when assignments are complete.
As the VMS network is candidate-centric, it has been designed with applicants in mind. This focus provides a better user experience for individuals seeking work by giving clear details throughout their application process and overall career path.
Business owners in the United States and Canada can arrange for an interactive demonstration of the VMS network, allowing them to see how it can be integrated into their existing systems. Prosperix also has a wide range of resources, such as an informative blog, to help talent acquisition executives learn how to improve their processes.
A recent user of the VMS network said, “Prosperix is a robust, end-to-end offering that is built for and aligned with today’s agile business environment. It provides great candidates at more highly competitive rates than our other suppliers.”
Interested parties can find more information by visiting https://prosperix.com/vendor-management-system
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Times of Chennai journalist was involved in the writing and production of this article.