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Learn more about the four most common talent recruitment business models, how they differ and the pros and cons each offers.
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RECRUITING CHOICES
MAKE SMARTHOW TO
You have recruiting options...
Different levels of
RISKS AND COSTS
Recruitment models4TYPES OF
4321Contingency Contract
RecruitmentProcessOutsourcing(RPO)
On-demandRPO
PROS AND CONSRecruitment models
1Contingency Recruiters
Hiring company pays a placement fee for employees, based on some percentage of the annual salary.
PROSContingency recruiters
• Fees are paid only when positions are filled
• Do not task your in-house resources
• No long-term contracts
CONS
Contingency recruiters
• Quantity of candidates tends to supersede quality
• Fees are generally very high, typically 20% of base salary
• Success is not guaranteed• Won’t perform strategic
tasks
2Contract recruiters
Hiring company contracts recruiter to work on a temporary basis for a set period of time and payment rate.
PROSContract recruiters
• Avoids the overhead inherent in having full-time recruiters on staN
• Add manpower to an internal recruitment staN and can be easily managed
• Easier to on-board than full-time recruiters
CONS
Contract recruiters
• Costs include supplying tools and resources
• Struggle with some requisitions
• Availability may be limited
• Difficult to scale to meet needs
3 Hiring company outsources the entire recruiting function to specialists.
RPOs: Recruitment Process Outsourcers
PROSRPOs
• Act as an extension of your staN
• Can be highly cost-eNective• Service level agreements
(SLAs) can help ensure deliverables are met
CONS
RPOs
• Implementation is costly and requires months of groundwork
• Requires handing over total control of process
On-demand RPO
4Hiring company outsources recruiting function to supplement HR staK and pays on an hourly basis.
PROS• Easy to start and stop• Services can be temporarily
suspended when hiring needs decline
• No placement fees• Potential to reduce cost/hire• No upfront investment in
resources
On-demand RPO
PROS• No infrastructure expenses or
overhead• Team has access to array of
technology tools and resources• Draw on a large database of
potential hires• Easily engaged for candidate
pipelining, competitive research and salary surveys
• Highly scalable
On-demand RPO
CONTINUED
CONS• Operate oNsite• Hourly rate fees begin
upon initiation of project • Performance may suNer if
vendor outsources work oNshore or to third parties
On-demand RPO
TO ASK... Good questions
How much recruitment experience do you have?
How large is your candidate supply pool?
Do you have experience with volume hires?
Can you scale to meet our needs?
Will you use your resources or require ours?
How up-to-date are your tools, processes and technologies?
Meet The Recruiting Division• On-demand RPO• Zero upfront costs• Easy to start and stop• Scalable• High performance• Cost-eNective
CHOICE
RECRUITING
MAKE A SMART
more info free ebookclick
Thank you. Happy hiring.