Genmab, a 25-year-old innovative biotechnology company with over 2,000 employees worldwide, was challenged by the complexity of working with over 1,000 staffing agencies for talent acquisition. Each agency had its own contract terms, guarantee periods, invoicing systems, and compliance standards, leading to significant operational inefficiencies and a heightened risk of non-compliance.

The lack of a unified system created confusion among recruitment teams and hiring managers, as they were often unaware of the specific terms and conditions for the various staffing agencies they worked with. This disjointed approach not only hampered operational efficiency but also made it difficult for Genmab to maintain visibility into its recruitment efforts and control costs. To address these issues, the company sought to consolidate its vendor relationships in order to enhance visibility, reduce administrative burdens, and minimize compliance risks.

Aquent Scout provided a comprehensive solution that helped Genmab address its challenges by organizing all external recruitment under a single, scalable platform. This offered them greater flexibility by allowing immediate access to new search firms through pre-existing contracts, eliminating the need for time-consuming procurement processes. It also streamlined administrative tasks by replacing multiple contracts and varied invoicing systems with a single invoice for all staffing activities.

The platform introduced greater visibility and control, enabling Genmab's recruitment leaders to track pipelines, monitor agency performance, and ensure that consistent terms and compliance standards were applied across the board. It also allowed for competitive pricing at the requisition level, giving Genmab the ability to adjust rates based on market demand and control staffing costs more effectively.

The partnership with Aquent Scout brought significant improvements in efficiency, compliance, and cost management within Genmab's recruitment operations. By consolidating their external staffing processes through Aquent Scout, Genmab reduced administrative complexity, freeing internal resources to focus on strategic talent acquisition initiatives. 

Genmab's recruitment leaders have gained better visibility into hiring pipelines, improving workforce planning and decision-making. Additionally, Aquent Scout's centralized platform minimized compliance risks by standardizing terms and conditions across all hires. Beyond solving these challenges, the partnership with Aquent Scout positioned Genmab to confidently expand its hiring processes globally, with plans to enter into new markets in Europe and beyond.