We use the term "Candidate" to refer to any worker registered with Circular Wave.
Is Circular Wave an agency?
No, we are a software company. We provide a highly advanced, mobile-centric bank staff management platform which allows NHS organisations to directly engage with any Candidate, whether a member of their own staff or from another organisation. "Cutting out the middleman" at scale is highly desirable and makes financial sense - but until now was not feasible due to paper processes and the administrative burden involved.
Virtually all NHS Trusts currently maintain a staff bank, with varying degrees of success. We believe that intelligent use of internal bank staff, bank unification and mass direct engagement - facilitated by great technology - could reduce agency spend to zero.
If you are not an agency, how can you supply staff to the NHS?
We do not supply or recruit any staff - you do, by inviting your existing bank staff to sign up. Your pool of available staff can be expanded by directly engaging with external Candidates via the platform and unifying banks with other organisations.
If that sounds like a lot of work for your HR department - it isn't. See the Onboarding section for more details.
Is Circular Wave a "managed service?"
No. Managed services are provided by agencies, and usually lock an organisation into a "master vendor agreement". The agency provides an on-site team to manage both bank and agency requests.
But managed services are flawed - an agency can never be truly transparent and impartial. We are not an agency. Circular Wave replaces middlemen with technology, and gives organisations complete transparency through true direct engagement. There can be no upwards pressure on rates and there is no commission. Provided sufficient Candidates are signed up to the platform, Circular Wave fills vacancies faster, is more convenient, more efficient and far cheaper.
How do you compare with neutral vendor solutions?
Neutral vendor solutions are a software layer (with limited functionality) that interfaces with multiple agencies. They do not offer true direct engagement with Candidates, and despite claims to the contrary, have very limited power to affect the supply-demand fundamentals that influence market rates.
Circular Wave does not interface with agencies, thereby dispensing with the fundamental inefficiency that is responsible for escalating spend. Organisations using Circular Wave have complete control over everything - everything is handled by the technology.
What is direct engagement?
Direct engagement is where an organisation establishes a relationship with an external Candidate without any intermediaries. By being able to use Candidates external to your organisation, temporary vacancies can be filled much more transparently and cheaply, avoiding agency commission.