Recruitment glossary
What is a PSA? Preferred Supplier
A Preferred Supplier Agreement, or PSA, is an agreement entered into by a company and one of their third party suppliers. This agreement is usually formalised with a contract and defines the relationship between the two parties, usually for the purpose of the parties to work closely together on an ongoing basis under certain conditions.
Related terms
Turnover refers to the percentage of workers who leave an organisation and are replaced by new employees. Measuring employee turnover …
A Vendor Management System is a web-based application that offers businesses the ability to manage and procure temporary or permanent …
The War for Talent refers to an increasingly competitive landscape for recruiting and retaining talented employees.
A Video Interview is a job interview that takes place remotely and uses video technology as the communication medium. There …
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