Recruitment is a difficult and costly process. There are always those who believe they can handle the job themselves, but in reality, recruitment takes up a lot of time and money. If you want to avoid these costs or have limited resources, then retainer-based recruitment might be right for your company. In this blog post, I will outline some reasons why it might be worth looking into before making that decision!
- You will have more time to focus on recruitment without worrying about the fees and costs.
- It takes a lot of administrative work to handle the recruitment process, which is why retainer-based services are ideal for someone who does not want that kind of stress in their life.
Due to limited resources, you may be able to leverage your money better by partnering with a service provider who can offer different types of recruiting (retainers) than just one type like salary cost percentages. The partner could also provide other valuable consulting services that would help save you money over hiring internal staff or freelancers at hourly rates.
Retainer based recruitment is very popular with businesses that want to work with a single partner to fulfil specific roles or a large subset of roles within a specific team while keeping control of recruitment costs.
- Retainer recruitment can also be beneficial to small companies that do not have the resources, time or experience in recruiting and HR.
- Retainers typically cover 100% of recruitment costs by hiring agencies
We also find that growth stage or larger companies will also opt for retainer-based engagements where budget concerns exist in recruitment process outsourcing or where an existing hiring manager may be in place with budgetary constraints yet still wanting to hire market-leading talent.
Our retainer-based services are flexible and provide companies with either large or long term hiring needs the flexibility and predictability they need in order to continue using a Recruitment Partner like Cloud 7