Q: What is a PSL?
A: PSL stands for Preferred Suppliers List and is "industry speak" for a list of approved recruitment suppliers.
Q: Why should I want to build a PSL?
A: All organisations could benefit from having a centralised list of approved agencies:
- You can ensure all suppliers have signed up to your recruitment terms.
- Agency details are easily accessible for all recruiting managers.
- You can compare agency performance.
- Agency details are retained when a recruiting manager leaves your organisation.
Q: We hardly ever use recruitment agencies, why should I be interested in storing recruitment agency data?
A: According to the 2007 CIPD survey into recruitment & retention, 73% of companies used agencies. If you are part of the 27% that did not use agency in 2007 you might need to one day, even if it is for only one key hire. By asking agencies to register, you are able to filter through all the applications and decide upon those that meet your criteria at that given time. The registration process will also allow you to communicate your low agency usage to these agencies and you will no longer be such a target for their calls/emails.
