iPlace has vast experience providing end-to-end Vendor Management System (VMS) recruiting services where submittals go through a portal to a Managed Service Provider (MSP). In most cases, our clients give iPlace direct access to the VMS portal for receiving job orders and making candidate submittals, and we eliminate almost all their high-cost local labor from the VMS process. We work with our clients to create a strategy for each VMS program where our goal is to optimize both the MSP scorecard grade and gross margins.
All VMS programs are different. Through backtesting VMS submittal data, we have found that the key to success for most VMS programs is to implement a recruiting process based on one of four dominant strategies: speed, quality, bill rate, or relationship. The recruiting process we implement for a specific VMS program is based on the dominant strategy for that program. iPlace’s VMS recruiters are trained on how to reach a lot of candidates fast, conduct skill-matching interviews to maximize VMS submittals and secure low pay rates through aggressive negotiation.