Permanent Recruitment

Distinguishing Between Contingent and Retained Recruitment

When seeking recruitment services, clients typically have two options for engaging with agencies: Contingent or Retained recruitment.

Retained Recruitment - What Does it Entail?

Under the retained recruitment approach, a single agency takes exclusive responsibility for filling a specific vacancy or multiple vacancies. These recruiters collaborate closely with their clients, investing ample time to identify the most suitable candidate for the job. The process is meticulous, presenting a curated shortlist of candidates for interviews. In this arrangement, the client pays a portion of the fee upfront, with the remainder settled once interviews are arranged and the chosen candidate starts the position.

Contingent Recruitment - How Does it Work?

Contingent recruitment is another common method where clients engage agencies to provide candidates for job openings. In this scenario, the client makes payment only after a successful candidate commences work, often referred to as a 'No Win, No Fee' approach. This contingent engagement can be exclusive, with one agency involved, or competitive, where multiple agencies vie to fill the position.

Benefits of Opting for Retained Recruitment

For those seeking a comprehensive and consultative hiring process, the retained search model might be the ideal choice. By opting for this model, clients can experience the following advantages:

• Dedicated Focus: Retaining an agency ensures undivided attention in finding the right candidate for the position, as they have sole responsibility for the task.
• Priority Treatment: Consultants give priority to the client's vacancies, leading to efficient and proactive candidate sourcing.
• Cost-Effective for Multiple Hires: If there are multiple positions to fill, the retained model can result in cost savings compared to engaging multiple agencies separately.
• Time Savings: Briefing and coordinating with a single agency streamline the process, saving valuable time compared to dealing with multiple agencies.
• Brand Protection: Working exclusively with one agency helps protect the client's brand and prevents potential confusion that could arise from using multiple agencies.
• Access to Resources: Clients gain access to the retained search firm's extensive resources, including talent-sourcing tools, compensation benchmarking data, and employer branding expertise.
• Selecting the right recruitment agency holds significant weight in the search for the perfect candidate. Therefore, making a wise and informed decision is of utmost importance.

 

Contract Recruitment

Distinguishing Between Contingent and Retained Recruitment

As 2023 presents challenges with an increasing number of vacancies and a shortage of permanent candidates, a contingent workforce emerges as a potential solution. The UK's workforce has been impacted by factors like the pandemic, Brexit, and an ageing workforce with experienced individuals leaving the permanent job market due to retirement. To address this, companies are finding success in focusing on skill acquisition rather than solely hiring permanent staff.

A contingent workforce offers several benefits, including:

• Innovation: Contract workers bring diverse and hyper-relevant experiences, introducing new ideas and abilities to businesses.
• Cost-effective efficiency: The flexibility of a fluid workforce allows businesses to scale up or down as needed, providing cost efficiency.
• Financial benefits: Hiring non-permanent workers for projects means paying only for the required duration, avoiding additional expenses associated with permanent staff.
• Quick hiring process: Experienced contractors and freelancers are often available at short notice, allowing for swift skill acquisition.

However, managing a contingent workforce requires attention to potential challenges. It involves making informed decisions on talent deployment and ensuring compliance with regulations, such as agency worker regulations (AWR).

To support businesses in managing contingent workers, Project Partners offer fully compliant, contract recruitment and payroll services. We provide market insights on available skill sets, source and payroll contract workers making it easier for businesses to navigate the complexities of the contract workforce.

 

Total Talent Management

As your Total Talent Management Solution provider, Project Partners offers an all-encompassing recruitment service tailored to your unique business needs. Our goal is to be your strategic partner, providing seamless and efficient talent acquisition that aligns with your long-term objectives. Here's how we do it

Strategic Workforce Planning: We develop a customised workforce plan based on your company's vision, mission, and future growth plans, outlining the required roles, skills, and competencies.

Sourcing Top Talent: With an extensive network and effective recruitment strategies, we attract diverse, skilled candidates who align with your company's culture and values.

 

Executive Search

Our Executive Search Solution is tailor-made to meet the specific needs of your business. We understand the critical role that strong leadership plays in shaping your company's direction, culture, and overall performance. With that in mind, our expert team of executive search consultants is dedicated to identifying and attracting top-tier talent that aligns perfectly with your company's vision and values.

Key Features of Our Executive Search Solution:

Customised Approach: Aligning with your vision and values.

Extensive Network: Connecting you with top-tier talent.

Confidentiality: Discreetly conducted search

Rigorous Evaluation: Identifying transformative leaders.

Timely Results: Efficient and prompt delivery.

Ongoing Support: Seamless onboarding and long-term partnership.