Source on Demand, Pay on Recruitment
A fast-growing company usually means more recruitment needs, be they fresh or experienced candidates. A contingent recruitment model primarily involves hiring for individual contributor roles that are typically just below the C-Suite level.
Organizations having an immediate need for a particular role usually engage multiple firms providing contingency recruitment services, each of which provides the client with several resumes that fit their requirement.
Since there is no exclusivity involved in a contingency search, recruiters often forward the same candidate’s profile to multiple clients. Clients who are active and provide a prompt response to the profiles sent, often benefit the most and end up hiring the right fit.
Contingency search firms are paid only upon the successful placement of a candidate, in some cases, a limited placement guarantee of 30 days is involved as well.
How Does Contingency Recruiting Services Work?
In layman's terms, a contingency search involves a “no placement, no fee” kind of arrangement. As recruiters, we work on finding as many qualified candidates as possible that fit your job description and present you with all the resumes that meet the requirement. We leave the assessment part to the employer so that they can make an informed hire and choose the candidate that best fits their corporate culture.
Organizations looking to fill up entry-level, junior, and mid-level positions benefit from contingency recruiting. This type of recruiting can also be used to hire for roles that require specific skill sets, which very few candidates possess.
Benefits of Contingency Recruiting
1
Faster recruitment
Contingency recruiting services help you find suitable candidates in a very small period. There is usually a large database of candidates available with the firms when it comes to contingency recruiting. The hiring client gets the edge of assessing numerous candidate profiles and pick from them.
2
Minimal charges
Charges involved in Contingency recruiting are quite minimal when compared to others. And as an added advantage, you only pay the recruiter after a successful placement. The fee usually ranges from anywhere between 25-30 % of the candidate's annual salary.
3
No contractual exclusivity involved
In a contingency recruiting service, the team conducts original research to identify potential candidates’ profiles. A detailed discussion about the candidate’s position, role and responsibilities also happens with the Hiring Manager, followed by assessment.
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Our Process
1
Briefing
The hiring client gives a clear job description and the desired skillsets of candidates required to fill in the open position.
2
Negotiation
Both parties mutually agree on a fee due on the successful placement of the candidate/candidates.
3
Sourcing
We source the profiles using our extensive database to find the right candidate for the described role.
4
Basic Screening
After selecting suitable candidates’ profiles that match the requirement, we perform a basic screening for the role and then share the profiles with the client.
5
Advanced Screening
The client will then conduct one or multiple rounds of internal interviews of the candidate to find the right fit for their organization.
6
Offer and Probation
An offer is made to the candidate. If the candidate completes probation with the hiring organization, the contingency fee that is agreed upon is paid to the contingency search firm.
Our Value Proposition
1
Expand your horizon by creating a buzz in the job market about your company and reach out to a wider database of candidates with various skillsets.
2
Engage a dedicated team of recruiters who will help seek the right candidates to fill crucial positions in your organization.
3
Ensure a thorough screening process of candidates, before presenting you with the most suitable profiles.
4
Be the ideal representative of your company by communicating your brand’s value to attract the best of the talent pool.
Frequently Asked Questions
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