Vendor Management of recruitment agencies from IT Company background

Looking for who has proficient in managing the Vendor (recruitment agencies) from IT Company background and can join immediate or early (Serving notice period), also will be available for face to face final round of interview

Pls go through the JD below, before apply for this role and if this suits to your experience then only apply

Role: Vendor Management (recruitment agencies) from IT Company background

Location - Gurgaon Sec-21

Work mode - Hybrid

Preferred candidate profile:

• Proven experience in talent acquisition, preferably with a focus on vendor management.
• Strong negotiation and contract management skills.
• Excellent communication and interpersonal skills to build strong relationships with vendors.
• Analytical skills to evaluate vendor performance and identify areas for improvement.
• Understanding of recruitment best practices and current market trends.
• Ability to work independently and as part of a cross-functional team.
• Proficiency in using applicant tracking systems (ATS) and vendor management systems (VMS).

Role & responsibilities:

Vendor Sourcing and Selection:

• Identify and research potential recruitment agencies based on industry expertise, geographic reach, and specific talent needs.
• Conduct thorough vendor due diligence, evaluating their capabilities, track record, pricing structure, and compliance with company standards.
• Develop and implement a vendor selection process, including Request for Proposals (RFPs) and presentations.

Contract Negotiation and Management:

• Negotiate contract terms with vendors, including pricing, service level agreements (SLAs), performance metrics, and termination clauses.
• Ensure contracts align with company policies and legal requirements.
• Regularly review and update contracts as needed to reflect changing market conditions and business needs.

Performance Monitoring and Evaluation:

• Establish key performance indicators (KPIs) to measure vendor performance, such as time-to-fill, quality of candidates, cost per hire, and candidate satisfaction.
• Conduct regular performance reviews with vendors, providing feedback and addressing any issues or concerns.
• Implement a system to track vendor performance data and identify areas for improvement.

Relationship Building and Communication:

• Develop and maintain strong relationships with key contacts at vendor agencies.
• Communicate clearly and regularly with vendors regarding recruitment needs, expectations, and performance feedback.
• Proactively address any issues or conflicts with vendors in a timely manner.

Compliance and Risk Management:

• Ensure vendors comply with all relevant employment laws, data privacy regulations, and company policies.
• Conduct regular compliance audits of vendor practices.
• Identify and mitigate potential risks associated with vendor relationships.

Cost Optimization:

• Analyze vendor pricing and identify opportunities for cost savings through negotiation and vendor consolidation.
• Monitor spending across different vendor contracts and ensure alignment with budget allocations.