Hybrid Recruiting Projects
Custom Recruiting Solutions That Meet Your Needs
We work with many firms that need quality talent, need to hire quickly but don’t have sufficient internal recruiting capacity. Quite often, their Human Resources staff may be Generalists who cover all HR issues, and don’t specialize in talent acquisition alone. J. Patrick works with companies that need to compete for the most in-demand talent, and want to make the most of the recruiting budgets.
In other words, they want the best possible Quality, at the fastest Speed and best Price.
I don’t care what business you are in: generally you can pick 2 out of those 3 options, and compromise on the third.
We’ve designed a recruiting solution for this type of scenario:
Hybrid-Engagement Recruiting Project
You may have seen this type of recruiting project described variously as Engagement Fee Recruiting, Volume Recruiting Project, or Contingency-Retainer (“Con-tainer”) Project.
By guaranteeing an agency working on an otherwise contingency (pay-for-performance) basis a partial fee on a single placement, hiring firms will get a greater commitment, and faster time-to-hire along with the usual high-quality candidates that J. Patrick provides. Essentially the Agency receives a small commitment fee to limit the downside risk of no placement occurring for reasons beyond its control.
Here’s how it works:
The hiring firm identifies its crucial, time-sensitive – sometimes confidential -hires that fit the agency’s areas of specialization.
The Agency sizes the scale and complexity of the recruiting project, and estimates the potential for placement success.
Mutual commitments to a structured recruiting process are negotiated, and Service Level Agreements (SLAs) are finalized.
The Agency and hiring firm will negotiate an Engagement fee (generally, one-third of a single estimated placement fee).This Engagement fee will be credited towards the first fee earned on the project.
If no placement occurs due to reasons beyond the control of the Agency (layoff, budget change, hiring freeze, hiring made through another source, etc.) then the Engagement fee will be credited to any fee, for one year.
Our clients have used this Hybrid-Engagement Recruiting model on the fast track to company and revenue hyper-growth. Each project is unique and the parameters can be customized to your particular circumstances.
Let us know how we can help!