psl Articles

Why Recruiters Need a Preferred Supplier List
marketing | 4 February 2019
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A preferred supplier list or PSL is list of pre-approved suppliers from which managers and employees can procure goods and services at a lower risk.

These lists are common for recruitment agencies as the contractors working through them tend to use the services of umbrella companies and other professional services providers.

Most agencies will require their PSL to be audited annually by external bodies, this reduces the likelihood of expensive compliance issues and other supply chain risks.

This is a common query on Contractor Forums: My Recruitment Agency wants me to use their recommended umbrella company. Do I have to switch?

Normally the simple answer is YES!

All umbrella companies are equal

Allumbrellacompaniesareequal are encouraging recruitment agencies to compliance check the umbrella companies on their PSL Lists (Preferred Supplier Lists).