From the course: Hiring a Recruiting Firm
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Annual prospectus
From the course: Hiring a Recruiting Firm
Annual prospectus
- It doesn't make any difference what business you're in, your vendors play a key role in your success. The recruiting firms you utilize can help you attract the top talent to grow your business. A prospectus is a written description of the firm's strategies and results. And requesting an annual prospectus from your recruiting firms is an effective way to evaluate and quantify their performance and results. Let me explain what should be included in a prospectus, and how this document can improve the results you obtain from recruiting firms. Recruiting firms have established KPIs, key performance indicators, they can share with you. An annual prospectus should specify the number of requisitions you submitted, how many candidates were interviewed for each job, the number of jobs they filled, the time to hire, and the retention of candidates placed with your company. You also want to know how long they worked on each requisition, how many were not filled, and the reasons they were not…
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