CompetitionMarket competition is rising, and the labor market is more complex, both of which are bad for gross margins. The number of staffing firms submitting per job order is increasing, even as new types of firms enter the market.
Rate CardsRate card maximums are squeezing gross margins, rate cards are growing more granular and dynamic, bill rates on submittals are converging, all requiring staffing firms to expand their offerings to offset the market share declines.
Escalating Labor Market PressuresAt the same time, intensifying labor market pressures add to the challenge. Firms must find new ways to boost recruiter onboarding, productivity, and retention to offset labor market pressure.
Playbooks of the past are not enough to keep up with the changing needs of the business. Winners will separate themselves from their competition by creating higher value to their clients, better enabling their recruiters with market intelligence, selecting the best requisitions to pursue, and putting those requisitions into the right channels.
Each of these challenges can be addressed through data and technology.
Recruiters use Brightfield’s intuitive, AI-powered workforce analytics platform to gain an advantage in the market. Brightfield’s TDX platform is powered by the world’s only B2B talent data exchange and proprietary insight into the market price of work.
Arm your recruiters to negotiate the right price.
Identify and optimize the best requisitions to work.
Route requisitions to the right channel.
Even if you’ve installed technology and reorganized to improve margin opportunities, you need to maximize the return from those investments by working smarter. By teaming with Brightfield, you’ll be positioned to thrive in this era of Digital Transformation.
Increase recruiter efficiency
Increase win rate
Increase in gross profit
Curious to see how other companies manage the economics of their workforce? Schedule a live demo with one of our TDXperts.Request a demo