Why choose Retained?
By retaining Bond Personnel to focus on a specific recruitment project you can significantly reduce recruitment costs while quality levels will be optimized through a mutually agreed SLA.
- Quality – A more focused service results in a better fit, not just for skills but also for culture. This translates to better productivity and higher retention. Statistically, 96% of hires from retained services are still in place after 12 months and over 80% after 24 months.
- Cost – our retained service is considerably more cost effective. We assess each assignment individually and our proposal will be based on several factors, not just salary. Only a small portion of the proposed fee is required on engagement, with the balance due only after the successful candidate has commenced employment. This upfront portion represents your commitment to the process and allows us to allocate greater resources for both search and advertising.
- Guarantee: Each retained assignment comes with a minimum of 6 months guarantee which is twice the industry average.
- All advertising costs are included in our retained service fees and assignments are advertised on a wider range of platforms.
- Executive Search techniques are applied where appropriate. This means we tap the wider talent pool, including “passive candidates” i.e. those who are not actively seeking new opportunities but who could be persuaded if approached with the right opportunity.
- You can focus on your core business when we handle the recruitment.
Improved Service, Reduced Costs
No Obligation, No Brainer!
Because it's better than Contingency!
Put simply, contingency recruitment is a “no foal no fee” service. In other words, if the recruiter does not find a suitable candidate for your job vacancy then you pay nothing.
Sounds great, but is it?
- Statistically, a recruiter working on a contingency basis has to work 5 or 6 assignments to be guaranteed one fee.
- Therefore 80% of their efforts do not result in a fee and only 20% of their focus is on the job that they will ultimately get paid for, meaning quality has to be compromised. Often good candidates are overlooked and poor candidates are included just to make up numbers.
- If 80% of contingency assignments result in no fee that means that the remaining 20% are subsiding the costs involved in providing a service to those 80%. Basically, you are paying for someone else’s lunch.
- If you retain Bond Personnel to fill your job vacancy we can eliminate the noise (the other 80%) and focus on your vacancy thus improving quality and leaving scope to significantly reduce your costs.
- Our retained service allows our recruiter to become fully engaged in the process and in effect become part of your team during the assignment. They will have no agenda other than to find the very best candidate for you.
- Finally, top-tier talent takes retained search more seriously, they are far less likely to apply for a job they see advertised by multiple recruiters.