Contingency Recruitment

Tap Talent On Demand Without Lock-In: Contingency Recruitment

Contingency Recruitment

What is Contingency Recruitment?

Contingency recruitment allows employers to hire for open positions without committing to pay upfront. In other words, recruiters get paid only when the position is filled. Contingent search firms send multiple applications from which the employer can choose the best-fit candidate. There is no obligation to pay in case the requirement is not met. This model is ideal for employers who prefer a flexible, non-binding relationship with their recruitment partners.

How does Contingent Search work?

Typically, contingency recruitment involves the following stages:

The hiring company shares an open job requirement with a recruiter or agency. This may include one or more recruiters or agencies, especially in case of a bulk requirement.

The recruiter/agencies source candidate profiles based on the company’s requirements and share them with the company.

The company screens the candidates, shortlists the most suitable ones and selects the best fit for the role.

The referring agency gets paid based on the rate decided between the two parties.

The exact process may vary from one contingency recruitment company to another. However, contingency recruitment is used widely across different industries.

Benefits of working with contingent search firms

Contingency recruitment provides several cost and efficiency benefits for employers across industries:

Reduces hiring workload

If you are a small business or startup, you probably have a modest HR team. One of the biggest advantages of working with contingency search firms is that it eliminates the sourcing workload of internal recruitment teams. This allows you to focus on interviews and shortlisting the right candidates, increasing hiring efficiency and quality.

No upfront costs

As the name suggests, contingency recruitment works on a ‘no cost, no commitment’ basis. In other words, payment is contingent or conditional to the role being filled. For employers, this reduces the initial costs of recruitment when working with a contingency recruitment company.

Faster hiring

Contingency recruitment does not require you to sign a contract. This means you can work with virtually any number of agencies. If you engage more than one agency, you can tap into a broader network. The chances of finding a good fit in a relatively short period of time are higher.

Provides flexibility

Without any obligation to pay upfront, you are not bound to one contingency recruitment company. If the position is not closed in a reasonable time frame, there is no obligation on your part to continue working with the same recruiter. You can choose to go with other providers.

Differences between Contingent Search and Retained Search

Contingent search is non-binding. It allows you to source candidates for open positions from one or more recruiters as needed.

Retained search is a contract-based, exclusive arrangement where you work with a single provider.

Contingent search generally is cheaper as there are no up-front costs.

Retained search is more specialized and commands higher fees.

Contingent search is generally less expensive but takes longer because the involvement of external recruiters is limited only to sourcing. The responsibility for shortlisting, interviewing and onboarding selected candidates falls to your internal HR team.

Groyouth Contingent Search and Retained Search

Retained search is more expensive as C-suite and senior management level talent is harder to find. However, recruiters are involved through much of the hiring process.

A contingency recruitment company will generally specialize in sourcing and screening candidates based on specific requirements. Retained search firms provide extensive support throughout the hiring lifecycle.

Contingent search is ideal for entry, and mid-level roles. Retained search firms are a better option when hiring for senior leadership positions.

How GroYouth Scores Over Your Traditional Contingent Search Company

Compress your average time-to-hire and cost-to-hire by tapping into your database of pre-vetted, high-quality talent

Effortlessly scale your hiring across full-time, permanent recruitment or demand-based staffing requirements

Get enhanced brand recognition through branded job postings and streamline the hiring process through our dedicated screening and support services.

Contingency Recruitment Service
Groyouth Contingency Recruitment

Our Process: Streamline your Contigent Search and Hire Pipeline

Unlike a traditional recruitment agency, GroYouth’s contingent search services give you:

Access to pre-vetted talent on-demand

Cost-effective and scalable contingent recruitment services.

Faster closing times thanks to our pre-vetted talent pool, you can fill open positions much faster.

  • Complete sign-up

    Choose a price plan that best fits your needs and set up your account on GroYouth.

  • Post your job and specify your requirements

    Next, create a detailed job posting that outlines the skills, experience, education and other requirements.

  • AI-based profile matching

    Review the recommended profiles curated by our built-in AI These candidates are matched to your job requirement based on a pre-screening test and AI interviews.

  • Track applicants in real time

    On shortlisting the candidates of your choice, a built-in dashboard lets you schedule interviews and real time updates on their progress through the hiring process.

  • Hire and onboarding

    Choose the best-fit candidate based on organizational needs and culture fit.

For all business enquiries and partnership requests please submit the form below.For all business enquiries and partnership requests please submit the form below.

Are you looking to hire candidates for your organization? Are you a placement agency or a freelance recruiter looking to expand your business by partnering with us?

Please submit the form and will get back to you with all the details. You can also give us a call or email us.

Phone
(91) 76520 90065

Email
info@groyouth.com

Frequently Asked Questions

GroYouth offers customized and standard plans for employers based on their unique contingent search needs. This includes value-added services like vetted talent profiles, real-time tracking, ongoing support and access to training providers.

Our intelligent AI analyzes candidate profiles based on their GY-SAT and AI interview scores. This process assesses skills and competencies with respect to the job role.

Our vendors source, screen and upload candidate profiles that best match your needs. This means you can tap multiple recruiter networks, and channels like social media or offline events.

Yes. We have a nation-wide network of onboarding and training specialists to help you transition to our platform.