Skill Level: Intermediate
Time: 15 minutes
Useful for: Firms looking to redeploy existing contractors for other openings.
Results: Protects existing revenue and enables better opportunity to collect referrals.
Why is this helpful?
Would you buy a car, drive it once then throw it away? Of course not, so why would you place a candidate only to forget about them (and the revenue)?
With 70% of contractors NOT redeployed, there is a ton of opportunity to get more value out of contractors you already have a relationship with and more likely to place. It’s an overlooked, but a ripe area for opportunity.
Eliminates contractor churn and helps protect revenue
Personalized at scale - easy to send day-of notifications to contractors and engage throughout assignment
Build better relationships with candidates you've already placed
Improve contract end date accuracy for forecasting
Good for busy recruiters who want to have high-touch but don’t have time during the day
1. Create a list in Herefish that looks for contractors with their assignment ending. In our example we’re spotting contractors who are Approved and the End Date is 6 weeks out or less.
2. Once someone matches the above criteria, Herefish can start notifying the record owner and keep the contractor engaged.
3. If a contractor isn’t put back on assignment with the current company, Herefish will automatically change their candidate status to “Active” and can copy the placement end date to the “Available Date” on the candidate record. Also, Herefish can send a follow-up survey asking for NPS or referrals.
Redeploying existing contractors is an easy way to capture more value from candidates. Typically contractors get placed and forgotten about, but with Herefish you can automate the redeployment process and put contractors back to work at their current assignment or at another within your firm.
Redeploying talent you already have is an easy way to create revenue and create value for you candidates and customers. When rating redeployment success, it’s good to look at two key metrics:
- Redeployment rate
- Redeployed revenue
Redeployment rate is pretty straightforward and is the percentage of contractors placed after their current assignment ends.
For revenue, all you need to do is calculate the revenue generated from redeployed contractors.