Employee
An employee is a person who is paid to work for a company or organization.
Consultant
This is another name of employee. Employee and consultant both are same.
Employer
An employer is a person or institution that hires employees. Employers offer wages or a salary to the workers in exchange for the worker's work or labour.
Client
The client refers to an organization or company in need of manpower to fulfil their requirements in developing, maintaining, or testing their products.
Implementation Partner
A company that executes the project or supplies the workforce by collaborating with various subcontractors.
Vendor
In the recruitment process, a vendor refers to an external entity or organization that provides services related to hiring, such as sourcing candidates, conducting screenings, or managing aspects of the hiring process on behalf of another company or organization.
These vendors can include recruitment agencies, staffing firms, or other service providers specializing in talent acquisition.
Full Time job
A full-time job typically refers to an employment arrangement where an individual works a standard number of hours per week that is considered "full-time" within a particular industry or company. The specific hours can vary, but it generally entails working around 35 to 40 hours per week.
Full-time employment often includes benefits such as health insurance, retirement plans, paid time off, and other perks provided by the employer. Employees in full-time positions usually receive regular salaries or wages and are entitled to the benefits and protections associated with full-time employment as per local labor laws or company policies.
Permanent job
A permanent job, also known as a full-time permanent position, is an employment arrangement where an individual is hired by an employer with the intention of a long-term commitment. It is typically characterized by ongoing employment without a specified end date, as opposed to temporary or contract work.
Employees in permanent positions often work a standard set of hours per week (such as 35 to 40 hours) and receive benefits such as health insurance, retirement plans, paid time off, and other perks provided by the employer. Permanent employees enjoy a level of job security and stability, subject to adhering to company policies and performance standards.
Contract job
Contract jobs are temporary work arrangements where an individual, often referred to as a contractor, is hired by a company, organization, or individual to complete a specific task or project within a defined period.
Contract jobs offer flexibility in work arrangements but may not include traditional employee benefits.
Employees in contract positions often work a standard set of hours per week (such as 35 to 40 hours)
Part Time job
Part-time jobs are employment positions where individuals work for fewer hours per week than full-time jobs. Typically, part-time roles involve working less than 35-40 hours a week.
These jobs offer flexibility in scheduling, making them suitable for students, individuals seeking additional income, or those balancing work with other responsibilities.
Part-time positions can be found in various industries and may include roles in retail, hospitality, tutoring, freelance work, administrative tasks, and more.
Sourcing
Sourcing in recruitment refers to the process of identifying, attracting, and engaging potential candidates for job openings within an organization. It involves utilizing various strategies and tools, such as online platforms, social media, job boards, networking, and direct outreach, to find qualified individuals who match the requirements of a particular position. Sourcing aims to build a pool of talented candidates for current and future job opportunities, enabling recruiters to effectively fill roles within the company.
Screening
Screening in recruitment is the process of reviewing job applications, resumes, and candidate profiles to determine whether they meet the basic qualifications and requirements for a particular job opening. It involves evaluating candidates based on predefined criteria such as education, experience, skills, and other job-related factors. Screening helps recruiters or hiring managers shortlist the most suitable candidates from a larger pool of applicants, allowing them to focus on those individuals who are the best fit for further assessment and consideration in the hiring process.
Bill Rate
"Bill rate" refers to the amount of money a staffing agency or recruiting firm charges a client company for the services of a temporary or contract worker. This bill rate is the hourly, daily, or weekly rate that the client pays to the staffing agency for the services of the hired worker.
Pay Rate
It is the amount of money that an employer agrees to pay an employee for their services, typically expressed as an hourly wage.
Rate Confirmation
Rate confirmation is agreement by an employer or staffing agency to the employee, confirming the agreed-upon pay rate and terms of employment for a specific job or position. Recruiters can send rate confirmation to candidate’s over the email.
Right To Represent (RTR)
"Right to represent" in the context of recruitment refers to an agreement or authorization given by a job seeker or candidate to a specific recruiter, staffing agency, or consultancy, allowing them the exclusive right or permission to represent the candidate for a particular job opportunity.
Internal Submission
Internal submission is a process where recruiter submits a candidate to his/her account manager within the organisation.
External Submission
When the account manager finds an internally submitted candidate a good match, they submit the resource to the client/implementation partner/vendor. This process is known as external submission.
Hotlist
A hotlist is a list of consultants who are on the bench/payroll of a company, and they are available for new contract positions. Bench Sales recruiters are responsible for marketing their resumes to direct client/implementation partner or vendor companies.
Vendor List
Vendor list is a list of vendors who help recruiters by sending their bench candidates as per the requirement.
VMS (Vendor Management System)
A vendor management system (VMS) is a technological platform or software used by organizations to manage their relationships and interactions with external vendors, suppliers, or staffing agencies.
It streamlines the procurement process, facilitates communication, and tracks various aspects of vendor-related activities such as sourcing, contracting, performance evaluation, payments, and compliance.
Managed Services Provider (MSP)
In the context of recruitment staffing, an MSP (Managed Services Provider) often serves as a centralized solution for managing contingent workforce needs. In this scenario, an MSP collaborates with organizations to oversee and optimize their contingent or temporary staffing requirements by managing relationships with various staffing agencies or suppliers.
In simple terms, an MSP (Managed Services Provider) is like a coordinator or manager that helps companies find and hire the right people for their job openings. Instead of the company handling all the hiring tasks by themselves, the MSP takes charge.