Subscription Based Recruitment
Subscription based recruitment encompasses the end to end monthly management of a company’s talent acquisition function.
When a business is growing, recruitment poses a challenge. How do you find the right candidates, quickly and within budget? Initially this function stays in house with internal resources including management teams and senior staff taking these recruitment positions. This isn’t sustainable, companies reach a point where they need to look for more efficient processes to manage the talent stream.
The recruitment process is an essential part of every business. It is essential to ensure business growth and development.
Talent Acquisition encompasses all areas of the process including, targeting, identifying, attracting, screening, shortlisting, interviewing, selecting, hiring and onboarding employees.
This is a step by step process that takes consideration and planning in order to hire the best talent available.
Every growing company will be faced with recruitment challenges. It is the recruiters’ job to reach out to potential candidates who are the best fit, to sell and promote company culture, values and the experience they will benefit from by joining. From here the recruiter will move forward with the next stage of qualifying candidates that are interested.
In order to avoid wasting time and internal resources on the recruiting process many companies decide to hire an agency to do it for them.
Specialist Outsource Partners
Today, companies are moving towards specialist outsource partners who can manage this function end to end.
Talent Acquisition teams work alongside HR & provide shortlisted, pre-screened & vetted candidates to HR and Department Managers. From the candidates experience they are working directly with the company from start to finish.
There are options available for companies to help with their hiring needs and generally fall into two categories. Traditional agency support or subscription-based recruiting. Traditional agencies tend to be more expensive, have larger client numbers per Recruiter and work with quantity of placements vs quality of placements. Unlike traditional recruitment specialists, subscription-based works on a model of monthly reoccurring fees to manage the entire hiring process. With one to one full time resources for when you need hiring support.
Candidates prefer talking directly to the employer these days, and not a recruiter. It is now more important than ever for the employer to step up to the mark with their candidate engagement, story and journey. The recruitment process isn’t something that one should save on. It will define the path your business will go in the future, so in order to get the A-level employee, best call in the professionals.
The option & flexibility to outsource this process for a short time is a no brainer for many organisations.
Our Top 3 Reasons to Switch to Subscription Based Recruiting
#1: Flexibility
Similar to the RPO model that has been around for over 15 years, subscription based recruiting is even more flexible for the super agile market that we currently find ourselves in. We like to think of our service as an “agile RPO”. Normally RPOs can be overly complex projects that run for 12 months+, with a lot of commitment from both parties, lots of red tape and huge amount of effort to set up and get right. Our model works different, as we are more “plug and play”. We offer a short-term service with all the same benefits of an RPO, but without the commitment to a long term contract.
#2: Expertise
The flexibility subscription recruitment offer allows organisations to receive help across the whole talent acquisition process, from EVP and employer branding through to candidate sourcing, interviews, and offers; without adding headcount, hiring contractors, or dealing with recruitment agencies. We offer job market insights that you might not get access to as an organisation. We collect data from our entire team across the globe and nationally, to be able to bring you facts and figures that will help you to improve your recruitment process.
#3: Cost
According to statistics, companies spend 42 days on a recruitment process and $4129 / €4250 per hire on average. Subscription based recruiting is a set fee that you can budget for, it won’t flex up like all salaries seem to be doing these days. You don’t pay per hire, you pay for a service, which will bring you results! One of our clients on a fully embedded plan had a one hire per week success for 5 weeks in a row.
Because of its affordability, subscription based recruitment is a great option for startups, small businesses but also any company that needs to hire people throughout the entire year. With this service you can manage your budget better and cash flow while still getting a high quality recruitment service.
If you would like to know more about how Rent A Recruiter could fit into your business, get in touch.
