The placement process involves a significant investment of time and money. Outsourcing recruitment is a great way to improve a company’s core strengths, optimize time, increase staff productivity, and on top of that, save a lot of time and money.
Our professional recruiters are tenacious, highly selective and determined to find the best available talent for our clients in today’s marketplace. We dedicate a significant amount of time to sourcing, interviewing, assessing and recruiting suitable candidates.
| Summary | Retained / Executive Search | Engaged / Exclusive Search | Contingency Search | Contract Staffing |
|---|---|---|---|---|
| Relationship | Partnership with client. High Commitment. | Increased Commitment. | No commitment on either side. | Agency becomes the employer of record. |
| Ideal Uses | Senior Roles Salary: $150-300K | Mid-Level Positions Salary: $80K-250K | Entry- to mid-level position Salary: Up to $75K | Utilize contract workers |
| Relationship / Agency Exclusivity | Exclusive search | Exclusive search | Exclusive or non-exclusive | Exclusive or non-exclusive |
| Cost Structure | Paid on Retainer (3 installments) | Partial upfront payment, remainder upon placement | Compensation contingent on placement | Hourly Bill Rates (to be negotiated) |
| Industry Overall Fill Rates | 90-95% | 70-80% | 10-25% | N/A |
| Pricing (average industry pricing) | 33-50% of total compensation | 25-40% of total compensation | 20-30% of total compensation | Hourly Bill Rates / Conversion Fee varies |
| Guarantee | Extended guarantee, depending upon the negotiated fee. | 90-day pro-rated guarantee | 30-day full guarantee | No guarantee |
| For more details please visit our Services page. | ||||
Keep in mind the costs and consequences associated with hiring the wrong person. Recruitment mistakes happen frequently. The cost of recruiting, hiring, and onboarding a new employee can be as much as $240,000. Bad hires impact productivity, team morale and cohesion, relationship with clients and partners, brand image, company culture, etc. Make sure you work with the right agency in the first place!
The Cost of a Bad Hire
Here’s What The Numbers Say!
The cost of a bad hire can
reach up to
30%
of the employee’s
first-year earnings.
– US Department of Labor
Bad hires can cost up to
$240,000
in expenses related to
hiring, compensation and
retention.
– US HR Exchange network
74%
of companies who admit they’ve hired the wrong person for a position lost an average of $14,900 for each bad hire.
– CareerBuilder
Placement fees are paid by the employer. Our fee is based on the total annual compensation and the percentage depends on the type of search. The fee is payable if the candidate is hired directly or indirectly by the employer or any of its affiliates as a result of our services on either a direct hire, temp-to-hire, temporary or consulting basis within two years after the last day of an assignment or from the date of referral, presentation or interview, whichever is last.
