HeadMatcher developed the Flat Rate Search and Recruitment Solution to eliminate the pitfalls of percent (15% – 35%) of salary Contingency & Retained Search fee contracts and replaced them with virtues that ensure search assignments for your company are completed for a flat rate within 90 days with a warranted HeadMatcher candidate hire. Please be aware of the following pitfalls of percent (%) of
salary contingency and retained search fee contracts:
Contingency – A future event or circumstance that is possible but cannot be predicted with certainty.
1. No commitment to complete search assignments within a deadline.
3. Financial incentive for the recruiters to negotiate on behalf of or coach their candidates during compensation negotiations.
4. Financial incentive for recruiters to market their candidates to your company and your competition during a search assignment to increase the odds of their candidates being hired by any company and to ensure they earn a percent % of salary placement fee for the time they have invested doing a search assignment for your company.
5. Financial incentive for recruiters to market their candidates to your company and your competition to create competition for their candidates and a potential bidding war.
6. Financial incentive for recruiters to introduce their highest paid candidates not necessarily the most qualified and best cultural fit for your company.
7. Allows multiple Contingency recruiting firms to introduce candidates for open positions in your company. This creates competition amongst multiple search firms to fight over the same group of candidates for the same positions.
8. Financial incentive for Contingency recruiters to encourage you to hire the first candidates they introduce and for Retained recruiters to wait to introduce their best candidates last.
9. The more time a Contingency search firm must spend while not being paid to introduce numerous candidates to your company the less financial incentive there is for them to stay focused and complete the search assignment for your company.
10. The more time it takes a Retained search firm to introduce candidates to your company the more money they earn in addition to their 30% -35% fee of the negotiated salary of their candidate hired for a position in your company. The virtues of the HeadMatcher Flat Rate Search and Recruitment Solution ensures search assignments for your company are completed for a flat rate within 90 days with a warranted HeadMatcher candidate hire.
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