There seems to be a lot of mystery around what we recruiters do and how we are compensated. I want to pull back the curtain for you.
The truth is that there are two fundamental recruiting approaches, and each one has a place in our orthopedics industry.
The Contingency Search
A contingency search is a non-exclusive service performed by a recruiting firm for no cost until one of the presented candidates is hired. Because your company only has to pay the recruiting fee after a successful hire occurs, your company will often work with several contingency recruiters at once. You have no commitment to the recruiter, when and until you hire one of his candidates. With the contingency approach, your company can maximize the number of resumes you receive from multiple contingency recruiters, as well as the company's website and job boards.
Most contingency searches are carried out for lower and mid-level positions.
There is little commitment by the company and the recruiter. Neither party has skin in the game.
Recruiting fees are paid on a percentage of first year’s salary, but only if and when the candidate is hired.
TAKE HOME ADVICE - Best to engage a contingency recruiter fo...
