How Niyuk Vendor Marketplace Works & can Benefit you Agency
In HR recruitment or hiring both sides are always juggling in search of the perfect fit –it may be a candidate looking for a perfect job and at the same time an organisation is always keen to acquire a perfect fit for their desired role, who will not only match in skills required, qualifications, experience but also with the culture and defined processes. Here comes the role of a trustworthy agency. A candidate as well as a company hires a recruitment agency who is supposed to be a resourceful for to resolve their ultimate issue. Well, this can be done by coalition of both sides. This is possible with Vendor Market place provided by Niyuk Platform. Let us put some focus on what exactly is Vendor Marketplace from Niyuk and how does it work in the following section.
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What is Niyuk Vendor Marketplace?
Niyuk Vendor Marketplace is a multiple-vendor e-commerce platform which connects numerous independent sellers (recruitment agencies working for the candidates) with buyers (recruitment agencies or recruitment freelancers working for business customers) allowing your agency to simplify the operations and expand its market reach with less overhead.
The marketplace owner (your agency in this case) manages the platform while vendors handle their own services and fulfilment.
Consider it as a “B2B Talent Exchange.” It is a collaborative environment within Niyuk.AI where recruitment agencies, independent head-hunters, and even corporate HR teams get together to share resources to meet their requirements.
Instead of a role staying open for 30 days because your internal database is not worthy of filling it immediately, you can “broadcast” that role to a screened network of partners who might already have the right candidate sitting in their pipeline.
Let us unfold the main part of functioning of Niyuk Vendor Marketplace.
How Niyuk Vendor Marketplace Works?
The Niyuk ecosystem isn’t just a database; it’s a collaborative engine designed to help recruitment agencies and freelancers work together rather than in silos. Here is exactly how that process unfolds on the platform:
The Niyuk Vendor Marketplace: A Step-By-Step Deep Dive
The process is generally a simple flow with distinct roles for vendors as per below:
Step 1: Drafting and Broadcasting the Requirement
The journey starts when you define your open role within the Niyuk dashboard. Unlike basic job boards, you are not just uploading a PDF; you are inputting granular “Job Details”- ranging from certain technical stacks like Blockchain or Cryptography to precise salary ranges and experience levels. Once the parameters are set, you “Post” it directly into the Niyuk Vendor Marketplace.
Step 2: Activating the Partner Network
Once your job is live, the platform broadcasts the requirement to a curated circle of trusted agencies and solo freelancers. Instead of doing talent hunting alone, these partners act as your extended sourcing arm. They scan their own “hidden” talent pools and arrange candidates who are an instant match, remarkably reducing your time-to-fill.
Step 3: Assessing AI-Vetted Talent
You won’t have to overspend time digging via a mountain of irrelevant resumes. Niyuk’s internal engine screens each profile submitted by the marketplace partners. You get a precise view of verified profiles that have been screened for already technical and cultural alignment, so you only spend your energy on high-potential leads.
Step 4: Unlocking Potential with a Transparent Credit System
When you find a candidate that stands out, the “Unlock” phase begins. By use of Niyuk Credits, you achieve full access to the candidate’s contact details and in-depth profile data.
This credit-based approach makes sure for a fair, transparent, and pay-as-you-go experience where each one involved and knows exactly how the value is being delivered in return.
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What Are the Features of Niyuk Vendor Marketplace?
Let us see the core features of Niyuk Vendor Marketplace here with all the required details.
Niyuk Vendor Marketplace: Core Features
1. Privacy First with "Masked" Profiles
Frankly telling, privacy is usually the biggest worry in recruitment partnerships. Niyuk handles this with automatically hiding candidate identities. You can scroll via the marketplace to check out high-level skills, AI-generated scores, and years of experience without referring a name or phone number.
It makes a “trust-first” space where vendors can show their top talent without worrying about anyone bypassing them or “poaching” their hard-earned candidates.
2. Precision via Skill Targeting
Niyuk goes way beyond an easy job title. The platform’s interface actually suggests skills using a built-in preferred engine. For instance, if you’re hunting for something niche like a Blockchain Developer, the system will automatically prompt you with tags like Solidity or Tokenomics.
This makes sure that when you broadcast a role, other vendors know exactly what technical “skills” you need – which almost eradicates the problem of resume spam.
3. The "Co-opetition" Network
Recruitment doesn’t have to be an independent sport. Niyuk’s marketplace is built on the idea that shared revenue is good than no revenue. You can broadcast a role to a screened circle of partner agencies and free head-hunters, turning potential competitors into an extension of your sourcing team.
If your internal database is dry, you eventually have dozens of experts working your role and splitting the commission fairly when the deal is done.
4. Smart AI Screening
This is a curated marketplace, and not the long-lasting database of random CVs. Each profile sent via the network must pass an automated screening phase. An AI engine ranks candidates based on how well they match with the role’s technical and behavioural needs.
The real benefit? You don’t have to waste your week interviewing “uneven fits” just because a vendor was being positively interested. The AI takes care of about 80% of that initial bulk lifting.
5. The "Pay-as-you-Value" Credit System
To possess the whole environment fair, Niyuk uses a transparent credit model. While browsing the marketplace is normally open, you use Niyuk Credits only when you’re ready to “Unlock” a full resume or move a candidate into the shortlist. It makes a clear, professional audit trail.
There’s no space for hypothetical arguments about others, about who submitted which candidate—the system catches each interaction, so each one stays on the same page.
Which are the Benefits of Niyuk Vendor Marketplace?
1. Shattering the "Silo" Mindset
Most recruitment agencies work in total isolation. You have a database of great candidates but no job for them or having a high-priority role but a dry database. Niyuk flips the script by turning your competitors into a robust support network. By sharing requirements with them, you tap into a collective talent pool that no agency could ever build that alone.
2. Drastic Reduction in "Time-to-Fill"
Time is the real enemy in hiring. When you broadcast a role to the Niyuk marketplace, you aren’t just relying on your own team’s 8-hour efforts. You suddenly have many verified vendors and freelancers scanning their networks simultaneously. This “crowd sourced” speed mostly cuts the hiring cycle by 40% to 60%, making sure that your clients stay happy and your revenue moves faster.
3. Quality you Can Trust
A major fear with vendor networks is “resume spam.” Niyuk handles this by putting each submission via a rigorous AI screening layer. Before a profile even hits your table, the system has already ranked it for technical skills and behavioural fit. You are not just getting maximum candidates; you’re getting best ones. It saves you from the soul-crushing task of sifting via unqualified CVs.
4. Massive Cost & Resource Savings
Building a big internal sourcing team is costly and risky. The marketplace offers you the same “punching power” as a giant firm without the expenses. You only pay for what you use via the Niyuk Credit system. For startups or tiny agencies, this is a game-changer—it also allows you to rise for a big project and scale back instantly without firing staff or wasting budget.
5. Bulletproof Data Privacy
Your “secret sauce” is your candidate list in this industry. Niyuk’s default Resume Masking is a huge win for vendor peace of mind. Personal contact details must be hidden until a genuine interest is shown, and a credit is used.
This protects the vendor’s hard work and makes sure that the marketplace remains a professional, high-trusting environment where no one feels as used.
6. New Revenue Streams for Vendors
If you’re a vendor with a “Gold Medallist” candidate (someone who was the right choice, but the client selected someone else), that talent normally goes to waste. On the Niyuk marketplace, you can utilise that candidate by placing them in someone else’s open role. It makes a secondary income source and makes sure that greatest talent does not fall via the cracks.
ROI or Money Savings using Niyuk Vendor Marketplace/Why Should Agencies Use Niyuk Vendor place?
Cost Category | The “Old Way” (Manual/Siloed) | The Niyuk Way (Marketplace ROI) |
Sourcing Costs | High spends on various job board subscriptions (LinkedIn, Indeed, etc.) at ₹20k–₹50k/month. | Zero upfront sourcing cost. You use the current databases of 100+ partner agencies. |
Time-to-Fill (Salary Sink) | Roles stay open 30–60 days. Every day a role is vacant costs the company ₹5k–₹15k in productivity loss. | Roles filled 40-70% faster. AI-screened candidates from vendors are mostly ready for interviews within 48 hours. |
Recruiter Man-Hours | Recruiter spends 70% of their day (approx. 5-6 hours) human screening “junk” resumes. | AI-Screening does the heavy lifting. Recruiters only see the top 10% of screened, ranked profiles. |
Replacement Costs | Bad hires cost 30% of the candidate’s 1st -year salary. Manual screening mostly misses cultural or skill gaps. | Higher “First-Time-Right” Ratio. AI behaviour & technical screening also ensure for a good long-term fit. |
Agency Fees | Full 8.33% to 15% commissions paid to external head-hunters for a lead. | Shared Revenue Model. Split commissions with partners via the marketplace at a fraction of the cost. |
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Conclusion
To wrap things up, the Niyuk Vendor Marketplace is not just other technical tool—it’s a basic shift in how recruitment agencies grow. In an industry which has been traditionally guarded and siloed, Niyuk makes a bridge where collaboration pays off. We have seen that why Niyuk Vendor Marketplace is necessary for an agency. By adopting to the Niyuk model, your agency breaks the limits by its own database and starts gaining benefits from the collective power of the full marketplace.
You get Screening via AI that happens in seconds. Total privacy really protects your hard-earned talent. New revenue sources from candidates you have already sourced but could not place. The result is: You spend less time on administrative long-lasting tasks and more time doing priority tasks helpful for the organisation. Due to this kind of marketplace, employer brands build relationships and closing deals. For more details and requirements regarding Niyuk Vendor Marketplace, drop us an email on: info@niyuk.ai
Frequently Asked Questions
1. What is the Vendor Marketplace?
In simple words, the Niyuk Vendor Marketplace is a collaborative “hiring exchange.” It’s a committed space where recruitment agencies, solo head hunters, and HR teams stop competing and start helping each other to close cases.
If your agency has a job but no candidate, or a great candidate but no job, this marketplace acts as the bridge between the two.
2. Who can use the Vendor Marketplace?
The Niyuk Vendor Marketplace is good to use for staffing agencies, freelance head hunters, and corporate HR teams, looking to fill up roles fast. It’s a space where you can “crowdsource” talent for tough-to-fill niche roles or monetize your own candidate database by partnering with other agencies.
3. What happens when two agencies collaborate via Vendor Marketplace?
When two agencies team up on the marketplace, Niyuk acts as the secured, middle channel or platform to make sure for the partnership is smooth and profitable. One agency “broadcasts” the job details, while the other submits their best AI-screened, masked candidates to fill the gap. Each interaction is time stamped and recorded, making a clear audit trail preventing disputes and makes sure for the fair commission splits upon a hire is made.
4. Can companies directly use Vendor Marketplace to hire?
Yes, companies can use this feature directly. Rather than juggling across dozens of separate agency contracts, a corporate HR team can “broadcast” a tough-to-fill role to the full marketplace at once. This gives them prompt access to AI-screened talent from various vendors; all managed via a transparent dashboard with a transparent “pay-as-you-value” credit system.
