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Tuesday April 16, 8:35 am Eastern Time
nextSource Announces Launch of its Multiple Listing Staffing AssociationTM--MLSA
NEW YORK--(BUSINESS WIRE)--April 16, 2002--The nextSource MLSA is an agency partnership that provides a platform through which staffing firms can work jointly on openings; a process similar to the highly successful Real Estate MLS (Multiple Listing Services).
nextSource's CEO, Joseph Musacchio said, "We see a fragmented industry in a economic downturn forcing the staffing industry to evolve. Today's agencies are faced with the arduous task of becoming an approved vendor at larger customers, and are fighting for survival against much needed vendor management programs and master vendor contracts. The opportunities for the small and medium sized agencies are shrinking, and the need for cooperation in our industry has never been greater. We feel the MLSA provides a low-cost vehicle for agencies to achieve collective successes."
nextSource's MLSA members have the opportunity to submit candidates to a constant stream of openings posted on the nextSource job board by other MLSA members and by corporate job posters. In addition, MLSA members enjoy continuous candidate flow from other MLSA members as well as the non-represented job seeker. Utilizing the nextSource board to post their openings, MLSA members simply choose how much of the fee they will share for a permanent placement, or how much they are willing to pay for a consultant. They also have the opportunity to work on client-posted jobs, an option in the past that few services made available.
nextSource also offers its customers a patented reverse auction for consultants. Posting an opening will bring the employer a pre-qualified, pre-screened bidder who is a member of the Registry of Certified Consultants(TM) (The ROCC).
Another benefit offered to members of nextSource's MLSA is access to The People Blue Book(TM), a dynamic, interactive web-based database of rates and salaries, based on skill set, years of experience, and geographic location--updated every 15 minutes (available June 1, 2002).
For more information on The MLSA and other nextSource offerings, please check out www.nextsource.com or email your inquiry to info@nextsource.com.
About nextSource
nextSource, headquartered in New York City is a subsidiary of Formula Systems LTD. The company designs, develops and implements web-based, high quality, innovative Human Capital Management Solutions. These offerings allow customers to manage the business processes of job posting and fulfillment, vendor selection, evaluation, and management; accrual of spend; MWDVBE compliance; skill set and market-rate benchmarking. A Microsoft Certified Partner, nextSource has patents pending on both its Talent Acquisition Management Solution(TM) (TAMS) and The People Blue Book.
Founded in 1985, Formula Systems LTD (Nasdaq: FORTY - news) has over 4,000 employees, including 2,500 developers. It includes a dozen public companies and approximately two-dozen privately held companies. Its strategic and equity business partners include Ernst & Young, EDS, Informix, and Baan. Formula Systems LTD's revenue exceeded 400 million in 2000.
Contact:
nextSource, New York
Kate Rudgers, 212-736-5870 ext. 317
krudgers@nextsource.com
or
Marian Palionis, mpalionis@nextsource.com
 
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