Contingency Recruiting

What is Contingency Recruiting?

 

‘Contingency Recruiting’ refers to the practice of hiring a recruiting agency and paying them only if the candidate they provide is placed in the company. In this case, the recruiter becomes a ‘Contingency Recruiter’.

 

Typically, the payment ranges between 12.5% to 20% of the candidate’s annual basic salary. It is very cost-effective for the company since they will be getting a quality employee within their predetermined time frame with a fraction of the time and cost required for in-house recruiting.

 

However, it is good only when the position being filled is a junior-level position or if it doesn’t require specific technical skills. There is also a possibility of the recruiting agency sending a lot of traffic in the hopes that someone might get selected, which might prove counterproductive.

 

More HR Terms

Behavioural Risk Management

What is Behavioural Risk Management?   ‘Behavioural Risk Management’ refers to the identification and mitigation of risks posed by the behaviour of the employees, how

Pay Per Click (PPC)

What is Pay Per Click (PPC)?   ‘Pay Per Click’ refers to an online advertising model that lets the advertisers pay only when someone clicks

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