Glossary terms: R

Term

Definition

Product

Rank/Ranking

An ordering process of talent during talent selection.

Contingent Staffing

Rate Card

A fundamental mechanism that determines the bill rate paid by the buying organization.

The rate card stores the rates related to a job title request, candidate submitted, offer of a candidate, and assignment.

The Managed Service Provider or Program Office user develops the default rate cards to provide a baseline of industry rates for the job titles and the required skills.

Rate cards establish and maintain a set of pre-negotiated agreed upon bill rates, mark-ups, and pay rates between Clients and Suppliers.

Rate cards group pre-negotiated rates for Suppliers based on a job title, a rate card identifier, and specific rates.

Because these rates are pre-negotiated, they are captured in the administrative layer of IQN and will be defaulted on applicable transactions created in the system (such as requisitions and agreements) at the time they are created.

Services Procurement

Rate Card Class

RC Class

Groups multiple different rate cards and job titles. Similar job titles are generally tied to one rate card class. An RC Class acts as the bridge between the Job Title and the Rate Card.

For simple Beeline platform configurations, Beeline set ups a 1:1:1 relationship between Job Title, the Rate Card and the Rate Card Class.

Rate Card Direction

A Beeline platform specific feature that represents whether a procurement process is based on a bill rate or a pay rate, which affects a variety of actions during sourcing.

Client Onboarding

Rate Schedule

Application feature used to modify the rate for a contractor at different times. Most often used for offshore contractors who have an onsite and offsite rate.

Rate, Time, Expense

RTE (initialism)

RTE Engine is a rules-based engine that enables customers across different industries to set up and manage worker’s compensation based on work type, worker type, worker timeframes, risk mitigation and compliance.  The engine is the backbone of the rates application in IQN.  The product improves the buyer, supplier and worker experience by making it easier for them to apply rates, reduce manual effort and errors, and get the most accurate cost for the services performed.

Services Procurement

Rating

The assessment of a candidate or contractor.

Rating Of Candidates

A score given to talent in an attempt to put all on a level scale

Contingent Staffing

RBAW

Rules Based Approval Workflow

A rules-based approval workflow allows an organization to specify rules or logic to dynamically determine which approvers are responsible for approving an approvable object.

Readiness Assessment

Assessment of a client's ability to provide the data required to populate the VMS with data

Client Onboarding

Realized Spend Reports

Actual invoiced spend

Contingent Staffing

Reason for Position/Request

An explanation justifying a new hire posted by the person requesting that a position be filled.

Reclassification

Action taken when a correction must occur on an assignment within the same job class. Frequently used when a contract worker has been promoted but is still doing the same type of work.

New job title MUST BE IN THE SAME JOB CLASS

Recruitment Lifecycle

This process includes requisition management, sourcing, screening, interviewing, testing, onboarding, extensions, offboarding, performance metrics, and process improvement.

Recruitment Process Outsourcing

RPO (initialism)

RPOs provide on-demand recruiting solutions and full outsourcing for the hiring of direct employees. Organizations use RPO services when they are outsourcing their recruitment function.

RPOs streamline recruiting activities and reduce expenses, allowing organizations to focus on other business matters. An RPO provider should be sophisticated enough to offer services across the recruitment lifecycle, but agile enough to fulfill all or part of these services on an as-needed basis. An example might be to fulfill just the sourcing function to alleviate internal workload or to fulfill short-term initiatives, such as ramping up a sales team.

Redeployment

Process to reserve talent for future engagement. Bench talent

Contingent Staffing

Redlining

A redline is one party providing a draft of the proposed contract to the other party for editing. The document is passed back and forth as editing continues. In word processing software, the Track Changes tool is very useful.

Services Procurement

Relationship Manager

definition in process

Client Onboarding

Release Comments

Information provided to the suppliers by the Managed Service Provider (MSP) or Self-Managed Program (SMP) user when a candidate is released.

Release Process Type

definition in process

Client Onboarding

Releasing a Request

This event occurs after a request moves through the initial approval process. This action allows the request to be shared with the supplier community for fulfillment.

Remittance

A remittance is a transfer of money

Services Procurement

Report

The output of data

Services Procurement

Reprocessing

The process of adjusting previously invoiced transactions

Contingent Staffing

Reputation

A suppliers aggregated score/value as perceived by the public marketplace.  This is not an internal preference established in a private buyer/supplier relationship, nor is it indicative of preferred status,

Services Procurement

Request

aka Requisition or Job Opportunity; converged term is Requisition.

See Requisition.

Contingent Staffing

Request for Information

RFI (initialism)

A standard business process for collecting written information about the proficiencies of various suppliers. Usually, it follows a format that can be used for comparative purposes.

Services Procurement

Request for Proposal

RFP (initialism)

An invitation for suppliers, often through a bidding process, to submit a proposal on a specific commodity or service. A bidding process is one of the best methods for leveraging a company's negotiating ability and purchasing power with suppliers. The Request process brings structure to the procurement decision and allows the risks and benefits to be identified clearly upfront.

Services Procurement

Request for Quote

RFQ (initialism)

A standard business process to invite suppliers into a bidding process to bid on specific products or services. RFQ, generally means the same thing as IFB (Invitation For Bid).

Services Procurement

Request Group Number

The identification number of a request to classify a group of positions in the system.

Request Name

Usually, the title of the job or position that needs to be filled.

Request Template

A predefined set of questions or information for the supplier when submitting talent

Contingent Staffing

Request Template

Used to gather data fields (such as Industry Code, Request Contract Type, Job Class Code, etc.) associated with requisitions processed through the Beeline platform. A Microsoft Excel® spreadsheet is used as a template so that data is gathered in a consistent format that supports importing. The import process adds the job description and related data fields to the Client's Beeline platform configuration. 

Request Type

A Beeline platform specific feature that houses dozens of configurations related to a single procurement process; clients typically use multiple request types. The request type drives the required information for a requisition.

Client Onboarding

Contingent Staffing

Requestor

The hiring manager or another client user who is requesting the work to be procured.

Requisition

Aka Request or Job Opportunity; converged term is Requisition.

Positions submitted through the Vendor Management System (VMS) by a client for work to be completed by a contractor. Requisitions store the details about the work being sourced.

Proposal to hire talent

Contingent Staffing

Resource

The worker, consultant, contractor, purchased labor, talent, or temporary worker who is on an assignment.

IQN Vendor Management System: potential worker, consultant, contractor, purchased labor, talent, or temporary worker who has a resource profile with a Supplier Organization.

Contingent Staffing

Services Procurement

Resource

The worker, consultant, contractor, purchased labor, talent, or temporary worker who is on an assignment.

Resource ID

An identification number a used by the Supplier to track their resources. The format is defined by the client.

Resource Matching

Determine whether John Doe and John Doe are either the same individual or a different person.

Contingent Staffing

Resource Pool

Suppliers can use the Vendor Management System (VMS) as a portal to manage their pool of potential candidates and to store a resource's profile information.

An individual in a supplier’s Resource Pool can be submitted to a current or future requisition submitted to a Supplier.

Resource Tracking

Aka Headcount Tracking; the converged term is Resource Tracking.

This module provides a simple, streamlined method of tracking and classifying workers, automating on/off boarding processes, and ensuring compliance with organizational policies.

Headcount tracking for on-site workers whose services are engaged under a third-party service level contract (i.e. security, cafeteria contract workers).

Services Procurement

Resource type

A category that describes who employs a worker and potentially how that worker is paid

Client Onboarding

Resume

Formal presentation of the talent's education, skills, and work experience.

Contingent Staffing

Reverse Auction

I'm willing to pay the lowest amount for talent and take lowest bid.

Contingent Staffing

Reverse Auction

Type of sourcing event in which the traditional roles of buyer and seller are reversed. Thus, there is one buyer and many potential sellers. In an ordinary auction (also known as a 'forward auction'), buyers compete to obtain goods or services by offering increasingly higher prices. In contrast, in a reverse auction, the sellers compete to obtain business from the buyer and prices will typically decrease as the sellers underbid each other.

Services Procurement

Reviewers

Users evaluating an RFx

Services Procurement

RFI

Request for Information 

Aka RFx, Request for Proposal, Request for Solution, or Request for Questionnaire.

A standard business process for collecting written information about the proficiencies of various suppliers. Usually, it follows a format that can be used for comparative purposes.

RFP

Request for Proposal

Aka RFx, Request for Information, Request for Solution, or Request for Questionnaire.

An invitation for suppliers, often through a bidding process, to submit a proposal on a specific commodity or service. A bidding process is one of the best methods for leveraging a company's negotiating ability and purchasing power with suppliers. The Request process brings structure to the procurement decision and allows the risks and benefits to be identified clearly upfront.

RFQ

Request for Quote

A standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products or services. RFQ, generally means the same thing as IFB (Invitation For Bid).

RFx

Request for “x”.

Encompasses the entire formal request process and can include any of the following: request for bid (RFB), request for information (RFI), request for proposal (RFP), request for quotation (RFQ), or request for tender (RFT).

Services Procurement

RFx

Aka Competitive Bid, Project Agreement, or Project RFx.

A catch-all term referring to Request for Information (RFI), Request for Proposal (RFP), Request for Quote (RFQ), and Request for Bid (RFB).

Role

A users system capabilities and access

Contingent Staffing

Role

A job title with rates but not named

Services Procurement

Round

The ability to send a RFx back out to market

Services Procurement