We have all been there before. Spending half our day fielding calls from our search partners, and the over half of our day avoiding calls from want-to-be search partners. Like it or not, as a corporate recruitment professional, search agencies and vendors are an essential component of our overall recruitment strategy. Most of us recognize the facts, but what strategies, programs and tools do you have in place to manage these vendors? How do we track their successes, failures, and account for their overall spend?

Every once in a while, I like to blog or comment on innovation in the world of recruitment, covering new trends, tools, technologies and vendors that I think will impact the landscape. I think one of these tools is Bounty Jobs. Bounty Jobs is a versatile technology and tool that can impact your search vendor management approach in several ways:

a. A controlled and managed marketplace for existing search vendors or program (closed marketplace)
b. A portal for your organization to easily access literally thousands of pre-qualified headhunters to work on your impossible to fill requisitions (closed marketplace)

Possible Bounty Jobs benefits to your organization include:

1. No cost to you solution (vendor funded)
2. Platform to enable and manage your communication and process with search vendors. The real power of the technology is it’s ease of use, very intuitive and user friendly
3. Flexible solution: open or closed marketplaces
4. Get the best vendors in the marketplace working on your toughest to fill positions
5. Up to 90-day full money back guarantee (from BountyJobs) on all placements
6. Metrics and analytics to help you manage your overall search strategy and programs
7. Plug and play with other recruitment technology you may have deployed (ATS, etc)

Bounty Jobs has taken the US marketplace by storm, with thousands of corporations, over 20% of the Fortune 500 and over 10,000 headhunters signed up. Since Bounty Jobs launch in 2006, they have filled thousands of jobs!! Bounty Jobs launched their Canadian marketing campaign in early 2008, and have made a noticeable impact on both the corporate and agency side of the business. I suspect that we will see a lot more activity over the coming months. As more Canadian organizations post their jobs to the site, the vendor community will certainly tag along.

Interested in learning more about Bounty Jobs? Chat with Ron Elitzur (co-founder and Vice President of Bounty Jobs International) for 10 minutes and you will have a new perspective on getting the most out of your headhunter strategy, program and spend.