Discovering The Truth About
5 months ago aebi Comments Off on Discovering The Truth About
The Difference between the Retained and the Contingency Recruitment.
The recruitment process is not an easy one, but leaving the position unfilled will be even more expensive. The today’s candidate pools are way too qualified, and the employers are even making extra effort to impress and entice those best job candidates. 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. If you are thinking of working with the recruiters then here is all you need to know.
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 usually are independent or part of an agency, and can either submit their applications or get hired by the HR team. 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. The retained recruiters may be a little more expensive, but usually take their time and with predetermined methodology that gives you some control here, and also take their time. Most of these ones also specializes in the top position or particular niche.
You get more of the candidates and the liberty to choose whether to interviews them or not and you don’t pay for that, or upfront which usually saves you a few dollars. They are the best choice for when you are looking to filling the specialized and the general positions. Retained on the other hand are better for when you are looking for some specific candidate. Chances are that they know someone that you need.
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. There are a number of things that will determine the best recruiters for you and among them is the position that you are looking to fill, the candidate availability and the industry too. When looking for the perfect candidate, the most important thing is to hire the right recruiter and that is why making this comparison is important.
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