Five Points To Consider While Hiring A Flat Fee Recruitment Agency
With constant pressure to reduce costs, most businesses are always on the lookout for cheaper alternatives for all money draining activities
. Cost of recruitment happens to be one such activity. There is constant need for great talent, and this requires regular effort and time, which translates to high cost. Considering that all this effort may not always translate to success, it may result in wasteful expenditure. A better alternative would be to pay only for results, and
flat fee recruitment agencies offer just that.
A flat fee recruitment firm can help keep a check on the recruitment costs as they do not charge for their effort but for the results. Further, these firms charge a flat fee for carrying out the entire gamut of activities required to find the right candidate. They employ technology effectively to identify and source the right talent for you.
The flat fee recruitment agencies have gained importance as they help save money, time and are convenient when it comes to hiring. However the challenge arises in identifying the best one for your requirement. With scores of flat fee recruitment agencies featured on the web, it can be difficult to pick the best one, since all of them sound the same. The selection of the right recruitment agency can be carried out based on their past success record and their ability to employ technology effectively to deliver results in the shortest possible time.
Following are a few parameters which could be used to evaluate the flat fee recruitment agencies, and select the right one.
1. Review their past performance. This could be done either by looking at the information published on their website or could be done by searching for reviews featured on various social networking sites. The information on such sites is unprejudiced and fair and should help you ascertain the credibility of the flat fee recruitment agency. You could also call a few of their existing/ past clients for a feedback.
2. Understand the specialisation of the agency. While most of the flat fee recruitment agencies you will come across will be generalists with experience across different verticals, it would help to find the one which specialises in your business vertical. This will help you in finding the right candidate faster.
3. Look at the fees they charge. The most distinguishing feature of the flat fee recruitment agency is that they charge a flat fee, however this flat fee may range from one agency to the other. You could select the agency based on the fee that they charge, though the price may just be a vague indicator of their quality of service. However, getting a hang of what the market charges for the service will help you budget for the service.
4. Gauge their technical expertise Considering that a flat fee recruitment agency will use the online techniques to find you the right candidate, it will help to understand how effectively they use the technological tools at their disposal. Besides utilizing job boards, the flat fee recruitment agency should be adept at utilizing the social networking sites to find you the desired talent.
5. Extent of their service You should always hire an agency which gives you a comprehensive solution. Look for an agency which will assist you with the entire recruitment process, starting from generating suitable job requirements so as to be able to pursue the desired candidates, to assisting in creating a brand image for the business to attract the most qualified prospects.
Just as finding the appropriate candidate for a specific vacancy, discovering the best flat fee recruitment agency can also be a challenging task. However the effort will be worth it as the right flat fee recruitment agency will be able to reduce your recruitment cost and help you find the right candidate in the shortest possible time.
by: divya
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