TalentPuzzle, the UK’s first and largest recruitment marketplace, today launched their new website taking a twist on its original business model. Describing its service as an Agency Comparison Website, TalentPuzzle follows the recent trends in the travel and insurance industries, where companies such as TripAdvisor and GoCompare have become industry standards helping consumers navigate the maze of different suppliers. TalentPuzzle’s promise is to help HR – and everyone else with a recruitment need – to identify the best recruitment agencies at the best price.
Based on data collected from its platform, TalentPuzzle is able to recommend the recruitment agencies who are most likely to fill a specific vacancy. Amongst the data collected are interview and placement statistics as well as more subjective reviews from other users. Employers will be able to work with the best agencies, get better matching CVs and reduce overall time to hire. Recruitment agencies will also benefit by building a track record and gaining access to more business. The better they are, the more business they will win.
“It is TalentPuzzle’s aim to bring transparency to the recruitment sector,” said Virginia Nordback, CEO and founder of TalentPuzzle. “The market is very fragmented with thousands of suppliers. What is missing is an independent benchmark with information on the performance of different agencies.”
TalentPuzzle’s agency recommendations are based on unique data not available anywhere else. Over the past three years, TalentPuzzle has had thousands of vacancies posted worth over 6m in placement fees. More than 15,000 CVs have been sent via the platform and have contributed to objective data on transactions between employers and agencies that form the basis of the comparison data now available to HR.
TalentPuzzle is the UK’s first and largest recruitment tendering platform. TalentPuzzle enables employers to anonymously advertise vacancies to a network of rated and reviewed recruitment agencies. Employers set the fee they are prepared to offer on hire. Recruitment agencies tender for work and ratings and reviews enable employers to engage with the best agencies.
TalentPuzzle was launched in May 2009 with the vision to improve the efficiency and quality of the recruitment process. TalentPuzzle guarantees that a fair, market-clearing fee is paid. TalentPuzzle is based on a success-only fee, so no money is exchanged until a successful placement is made. More than 500 employers including FTSE 250 companies and over 1,600 recruitment agencies are currently working through TalentPuzzle.