The recruitment process is tough, but the alternative choice, which is leaving the position unfilled id even worse. We live in world today where the employers no longer have the luxury to make the hiring decisions as they wish. For the recruiters not to miss out on those great and favorite candidates, they now make the hiring process quicker. There are two types of recruiter, the contingency and the retained recruiters and many people think only differs with the fee but this is not true. Here is all you need to know about working with the recruitment services when hiring.
The contingency recruitment is the one that you only pay when you accept a candidate that the recruiter puts forward. With the contingency, you only pay when you hire the candidate that the recruiter puts forward. For the first one you pay when you hire the candidate that the contingency recruiters puts forwards. These ones can be working independently or as part of an agency, and can submit their application or get hired by the HR teams of the clients. They usually are in competitions with their fellow recruiters and the inside hiring team, and because of this, they usually submit candidates faster and in larger numbers so that they can beat the other recruiters and also increase their chances of getting the fee. With the retained recruitment on the other hand, there is a fee to pay before they can get started with the talent hunt. These ones work alongside the onboarding and the HR team, and also work alone until the task is complete. Normally, this will cost to around fifty percent of the first yearly salary of the hire, but you get the advantage of the control over the process and they also take time. They usually are also socialized in particular niche or senior positions.
Among the advantages of contingency recruitment is that you save a lot upfront, and also get a verity of the candidates to vet. They are therefore ideal for the specialized and general positions. When you have some specific position to fill then the retained recruiters will be bets here. They probably have the candidate that you are looking for on their rolodex and this makes the process even easier.
As a job seeker, when approached by a retained recruiters, you will get information like the role’s full briefing, get a number of interviews and also know who will be doing that, and also info on details and benefits and the contingency, the info is usually limited but you still are likely to get the job because they have better marketing skills. The positions that you want to fill, the state of the job market where you are located and the industry that you are in, are among the things that will determine the best recruiters type for you. Last but not least, make sure that you choose the right recruiters for whatever type that works for you.