Contingent Recruitment

What is Contingent Recruitment?

When a company uses a contract recruiter or staffing agency to identify candidates for a vacant position, this is known as contingent recruitment. Only if the business chooses to hire a candidate, they suggest will the recruitment firm or contractor receive payment. Typically, the recruiting cost is equal to 20% of the pay of the post filled.

Advantages Contingent Recruitment 

For the following reasons, contingent recruitment may be a successful recruiting strategy:

• Reduced costs: Contingent recruitment allows you to pay your recruiters only if you choose to work with a quality applicant they helped you find.
• Rapid turnaround: Contingency recruiters are driven to meet your deadlines if your business has to fill a position urgently.
• No requirement for internal recruiters: You might avoid upgrading your office to make room for recruitment specialists by outsourcing your recruiting activities.
• No long-term dedication: Because contingent recruiting firms work on a project-by-project basis, you are not required to work with a certain agency if you are unhappy with their approach.

Disadvantages Contingent Recruitment

• Although utilizing a contingency agency to handle your candidate search may seem intriguing, there are certain drawbacks:
• Possibly a time waster: There is no assurance that the contractor or staffing firm will locate a qualified applicant.
• No assurance of quality: Contingency recruiting is motivated to source a lot of candidates because it is based on a "no hire, no pay" fee structure. However, this does not imply that each of these applicants will definitely be of the highest caliber.
• Possibly ineffective: The hiring process is not entirely outsourced when contingency recruiting is used. Organizations still have to spend time evaluating resumes, choosing which candidates to interview, and conducting the interviews.

Qualities of a Good Contingency Recruiter

• When seeking contingent employees, you should confirm that the company takes the following actions:
• Uses modern equipment. The best strategy to locate the ideal candidate for the position is to conduct a data-driven candidate search. A competent contingency hiring firm will be technologically aware.
• Employ your teams. Recruiters must be aware of the precise requirements of the recruiting team in order to discover the right fit. In order to find out exactly what your team is looking for in a candidate, you must delve beyond the published job description and conduct interviews.
• Effectively represents your organization: You entrust other people to represent your business favorably when you outsource your recruitment process. Make sure your contingency recruiting company respects each applicant.

Conclusion

All things considered, contingent recruitment is a helpful tool for businesses that need to be flexible with their employment. It has benefits and drawbacks, but it can be a useful method for temporarily staffing a business.