• Free registration and job posting
• Recruiters compete with a "pitch and bidding" system on placement fees per job posted
• Works for direct-hire (perm) and contract (temporary) placements
• Invite current vendors to bid
• Search recruiters' hot candidates

The current system of: using only your current agency recruiters, fielding numerous daily sales calls from recruiters wishing to be added to your vendor list, and researching firms on your own to see which may effectively service your openings is extremely inefficient.
 
To further understand read the scenarios below:
 
1. Using only your current agency recruiters: Let's say you have 2 to 7 current recruiting vendors (our research reveals that this range covers 90% of circumstances) and you typically send new job openings to these preferred vendors. You prep them all on the requirements of each job (time consuming) and they all begin their processes to identify and recruit the talent for you. Do you realize that of the tens of thousands of recruiters, there are hundreds or more that already have strong relationships with the perfect candidates who would excel in the jobs you are looking to fill: the same candidates that your preferred vendors may take weeks or months to identify and recruit...if ever? So as your tiny vendor list tries to deliver these candidates over weeks and months, there are recruiters that can deliver the same candidates in hours or days. Additionally, as the work has already been performed, these recruiters may be willing to place these perfect candidates at reduced placement fees due to the efficiency all parties experience with FeeTrader's model.
 
2. Fielding time consuming calls from numerous daily recruiter sales calls: This one does not need to be explained in too much detail as it is obviously time wasteful and inefficient. The chance of the perfect recruiter (with a perfect candidate relationship already established) calling you is remote. You would likely have to speak with well over 100 recruiters before this occurs. Do you have that much time to spare? If so, we are telling your boss. Once you register with FeeTrader (for free), all you do is post the positions you need to fill and send any recruiter that calls you to FeeTrader to market their service through our efficient model. The right recruiter will be efficiently delivered to you through FeeTrader's service and possibly at a discount.
 
3. Researching firms on your own to see which may effectively service your openings: Not a bad idea but why not save hours and days and do it with greater precision using our free service and have the right recruiter come to you? The best recruiter for position A is not necessarily the best recruiter for position B. Save your time and post each job you want to outsource to FeeTrader and the bids and pitches will be neatly organized into a report for your review and selection.

1. Our service works for contract (temporary) placements as well, allowing employers to review candidate profiles and hourly contractor bids in the same fashion. Simply indicate "Contract" from the "Job Type" drop down and enjoy the same benefits from contract placements.
2. Employer can customize their per job placement agreement to their needs. Recruiters agree to the employer placement agreement (for that job) before bidding so all bids listed through FeeTrader are from contractually agreeable recruiters.
3. Employers can preload their current vendors into their profile such that those vendors are alerted to new positions posted so they can also get involved in the bid and pitch process. Your corporate policy only allows you to use vendors from your approved list? No problem. Place "Approved Vendors only" at the beginning of your job descriptions when posting to FeeTrader and alert these vendors to the job openings with the aforementioned preload feature.
4. The FeeTrader platform allows employers to search hot candidates posted by recruiters and if interested in a candidate, allows the employer to contact the recruiter with the candidate relationship. This proactive approach coupled with our bid and pitch system will further increase efficiency and effectiveness.
5. Employers can designate the frequency of alerts to new bids and pitches and can always generate a report of the current list.