Contingency Recruitment vs Retained Search & Selection, what’s the difference?
11 reasons why retained is a win win for all !!
A MUST read for hiring managers paying Headhunting fees or experiencing poor Contingency Recruitment results.
What is Contingency Recruitment?
This type of candidate search is ‘solely’ focused on attracting candidates within the open market, by open market we refer to candidates who are presently looking for a new position and most likely have their CV registered on databases, online job boards or are applying to adverts. The fee is typically invoiced on the candidate’s start date – ‘payment on placement only OR no win no fee’.
Mercury Hampton have a vacancy conversation rate on Contingency recruitment assignments of 74% [this is double the industry average, but still not 100%]. However, over 92% of Mercury Hamptons vacancies are retained, here’s why:
Cons of Contingency:
What is Retained Recruitment?
Retained Recruitment assignments are often referred to as Search & Selection or Headhunting. This is usually reserved for critical hires or niche appointments whereby the candidate pool is likely to be heavily reduced or difficult to attract. It is the perfect solution for mid-senior hires and strictly confidential appointments [none mass-market positions]. It’s especially effective in sales or commercial disciplines and technology driven appointments.
Mercury Hampton have a conversation rate on retained assignments of 100%. Here’s why:
Pros of Retained:
Mercury Hampton offer a full Headhunting service with psychometric testing for the same cost as Contingency recruitment! It’s a total win win situation! We were founded with a view to bridging the gap between extortionate headhunting fees & low quality, speed based contingency recruitment.
For more information please contact us 01925 937 311 or firstname.lastname@example.org