Preferred Supplier Lists: Finding the Perfect Blend

October 4, 2024
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By Candice Dennison
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Preferred Supplier Lists (PSLs) for recruitment are like your daily coffee subscription – convenient, reliable, and predictable.

With a PSL, you can expedite the end-to-end hiring process. Instead of starting with supplier evaluations and negotiations, you can turn to your trusted list of pre-approved suppliers.

From an agency perspective, a PSL is invaluable. By regularly working with the same clients, we build a deeper understanding of their values and culture. This helps us find the perfect match between candidates and organisations, where culture and skills align, allowing both to succeed together.

But just as your taste buds crave a change from the norm with a cheeky pumpkin spice latte, your business might need to look elsewhere when it comes to finding specialist talent. In today’s competitive job market, finding talent with the exact skill set you need is crucial. The catch-22 is that this talent isn’t always readily available within your PSL, especially if you mainly work with generalist agencies lacking expertise in specialised or unusual roles.

For example, if you’re looking for an E/CTRM Analyst and your PSL doesn’t include a recruitment agency specialising in commodities, you’ll miss out on the top talent in the space. As a specialist commodities recruitment agency, we have years of expertise and relationship-building that provide us with access to talent that isn’t easily discoverable, including passive candidates who aren’t actively looking for a new role.

Ultimately, the decision to PSL or not to PSL depends on your specific talent needs and the dynamics of your industry. It’s about finding the right blend of reliable, cost-effective recruitment and the occasional exploration for niche talent that can give your organisation an edge.

Ready to spice up your talent pool?

We’re the trusted partner for industry leaders in physical and derivative markets across Oil, Metals, Agriculture, and Gas. Whether you need ETRM/CTRM specialists to enhance your trading systems, legal advisors to ensure compliance or analysts to mitigate financial risks, we’ll support you at every stage of the hiring process, from initial consultation to final placement.

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About the authors

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Candice Dennison

As the Senior Business Manager at Cititec Talent, my mission is clear: Transform the company's vision into reality. In the information era, where top tech talent is just a click away, the challenge lies in cutting through the noise and attracting the best.