Yolk Recruitment are a specialist provider of employee search, engagement and management services. Here at Yolk, our 3 primary areas of expertise include;
Yolk RPO (Recruitment Process Outsourcing), Yolk Retained and Yolk Contingency.
Contingency recruitment explained
The hiring demands of businesses differ dependant upon many variables, generally speaking, company size and budget often play a significant role when deciding on the preferred recruitment model to suit your needs.
If we consider unpredictable hiring demands, a contingency recruitment solution could be the most suited option and one your company is interested in exploring further. In it's most simple form, recruiters who engage with you on a contingency basis present candidates who are qualified to fulfil an open role within your organisation.
If a successful match is made and in turn the candidate begins employment with your organisation, this will result in a placement fee. The fee paid can vary on seniority of role and the time demands of fulfilling the brief, however, this fee is typically calculated as a percentage of the new hire's first year salary. Industry averages vary but you can expect to pay anything in the region of 12-18% for less qualified roles or 15-30% for more senior and skilled hires.
When to engage in contingency recruitment
Contingency recuitment is a popular choice with growing businesses as it requires a low up front investment, seeing as it is in essence a paid on results service. In addition to this, there is relatively little client-side time investment required due to the recruiter engaging on the sourcing of the role.
We take the pain and expense out of tracking down permanent staff who possess niche “hard to find” skills or experience. Our customers can harness a managed service that only requires payment when we deliver the right people.
Our former industry practitioners and recruitment specialists know each sector, and how to find the right experts from within it. This means you can:
- Ensure total cost-efficiency through experts who recommend the right service for you
- Gain the people you need more quickly, and without compromising on quality
- Improve your operations by gaining the ideal candidate to compliment your team
- Take the risk out of locating precise expertise by only paying when we deliver it
- They’re always on hand to recommend the most appropriate service, whether contingency or our innovative advertising services
- Achieve financial savings and increase quality of hire
Get in Touch
For an informal chat about how a Contingency Partnership could benefit your business or to discuss your specific Contingency recruitment needs, call us today for an informal conversation and to get started.