What is Contingent Search Talent Acquisition
Contingent Search: A Comprehensive Guide
A rapid, cost-effective solution to quickly recruit talent for multiple roles simultaneously.
Contingent Search
Permanent Recruitment Solution | Talent Acquisition
Contingent search offers a unique fee structure where payment is due only upon successful placement. This low-risk approach to recruitment allows businesses to access a wide pool of talent without any upfront costs, making it a popular choice for entry to mid-level positions.
It’s a highly competitive model involving multiple agencies racing to find the ideal candidate. This “first past the post” system encourages agencies to present candidates quickly, which is particularly advantageous in crowded labour markets.
The competitive nature and low-cost appeal makes contingent search an excellent choice for organisations that have multiple roles to fill simultaneously and seeking a rapid, cost-effective talent acquisition solution.
FAQ
Contingent search is a recruitment model where payment is due only upon placement of a candidate.
Multiple agencies compete to find the ideal candidate in a “first past the post” system.
This approach is particularly effective in crowded labour markets and is commonly used for entry to mid-level positions.
Unlike retained search, contingent search does not require an upfront fee.
Whereas retained search typically involves an exclusive agreement with one firm, contingent search involves multiple agencies work simultaneously on the same role,
Contingent search focuses on active job seekers and moves at a faster pace, while retained search involves a more comprehensive and in-depth process.
- Sourcing: we utilise our extensive candidate database, professional networks, and targeted job advertisements to identify readily available active job seekers.
This comprehensive sourcing strategy ensures that we connect with a diverse pool of active talent.
- Screening: once we have identified potential candidates, they undergo a thorough screening process. This meticulous evaluation guarantees that each candidate possesses the right skills, relevant experience, and necessary qualifications.
- Shortlist: lastly all qualified candidates are referenced before being presented to the client.
Contingent search offers a low financial risk, as payment is only required upon the successful placement of a candidate. This allows businesses to access a wide talent pool without incurring upfront costs.
Furthermore, the competitive nature of the “first past the post” system encourages agencies to present candidates quickly, enabling a faster hiring process. As such, it is ideal for companies that need to fill positions promptly or have multiple roles to fill simultaneously, making it particularly advantageous in crowded labour markets.
This approach is better used for entry-level to mid-level positions, where speed and cost-effectiveness are essential. Overall, contingent search provides a flexible and efficient recruitment solution that aligns well with the needs of many organisations.
The fee structure is designed to align our success with yours and is payable only upon successfully placing a candidate.
The fee is calculated as a percentage of the candidate’s starting annual salary, ensuring transparency and fairness.
This performance-based model not only demonstrates our confidence in finding you the right candidate but also provides you with financial protection.
We charge 15-20% of the annual total compensation. For specific pricing details tailored to your requirements, please contact us directly.
We stand behind the quality of our placements with a minimum tenure guarantee.
If the newly hired employee resigns or if their employment is terminated within the first 3 months (our standard probationary period), we offer a prorated rebate on our fee.
The specific terms of this guarantee, including the length of the probationary period and the rebate structure, are detailed in our service agreement.
This guarantee reflects our commitment to successful, long-term placements and aligns our interests with those of our clients.
With experience successfully recruiting talent across 102 countries, we proudly offer our contingent search solution globally.
- Non-exclusive Agreement
- Contingent Fee
- Minimum Tenure Guarantee
- Fast Delivery
- Source Available Candidate
- Quick Hire
- Simultaneous Vacancies
- Entry/Low/Mid-level Roles
- Search Active Job Seekers
- Crowded Labour Market
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