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 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 Bullhorn Automation 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, Bullhorn Automation 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, Bullhorn Automation will automatically change their candidate status to “Active” and can copy the placement end date to the “Available Date” on the candidate record. Also, Bullhorn Automation 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 Bullhorn Automation 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 your 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.