Recruitment model impacts your business success. Are you hiring agencies with 'contingency' or a 'flat fee' or 'retainer' model? Following are some tips to consider.
Best suited when: 1. Needing a full-cycle recruitment service 2. When short of in-house recruiter or require extra help with very complex roles 3. Need high quality candidate and wanting to work very closely with recruiter 4. Prefer very few recruiters for quality-focused approach and providing exclusivity to them
Best suited when: 1. Requiring additional source of candidates 2. Tight budget 3. Prefer multiple agencies 4. Time shortage & bulk resume requirement 5. Prefer quantity over quality 6. Okay to risk company image with too many recruiters 7. Hoping to get lucky for right candidates
Best suited when: 1. Need specific tasks only (e.g. sourcing or pre-screening or branding) 2. Multiple similar roles to fill 3. Not having your in-house recruiter or processes 4. Contingency fee is beyond budget or hard to set 5. Need recruiters for role definition and various processes