What is Performance based Search?
Performance Based Search, is a value based recruiting service model, comprised of a project rate to engage our services to start the search and a performance bonus, that’s due when the hired candidate starts. The project rate, creates a mutual partnership and commitment to fill your open position and it gives both of us, an incentive to succeed. This is the performance driver that ensures the dedication, focus and accountability to produce results. A Performance Based Search, is a more favorable, cost effective and compelling alternative to traditional contingency placement fees of 20 – 25% or retained search, which requires a cost prohibitive payment schedule of 1/3 retainer fee to start the search, 1/3 paid 30 days and the final 1/3 paid thirty days later or upon candidate placement. In comparison, through a Performance Based Search, we attract, engage and recruit A-Level talent at a fraction of the cost and save you thousands, compared to traditional search fees.
Why Performance Based Search?
When you need to hire critical talent, instead of settling for a contingent search firm there are a few crucial factors to consider when selecting a recruitment search firm:
- What is their accountability to produce results?
- How committed and dedicated are they to find the right candidate for your unique culture?
- What level of service do they provide?
- How much is the cost for services and do they provide value?
After you’ve given this some careful consideration, a Performance Based Search is your best choice to fill your open position because it's a cost effective, performance driven recruitment search model with a higher level of service and a mutual partnership commitment to fill your open position. These are all critical factors in a successful candidate search that also increases the recruitment search firm’s accountability and dedication to present top candidates and solve your hiring initiatives. Also, in a Performance Based Search, you’re partnering with a consultative recruitment professional with niche industry expertise and the proficiency to find the right talent for your company with the required experience, skills and culture values, so you and your stakeholders don’t waste valuable time reviewing unqualified candidates.
In contrast, a contingency search firm typically is not fully dedicated to your candidate search and they're not accountable to produce results because there isn't a mutual partnership commitment to fill your open position and investment between your company and the recruitment search firm. As a result, most contingent recruiters will shop resumes that haven’t been thoroughly screened to their clients and they'll usually submit the same candidate to as many companies as possible hoping something sticks. This is a conflict of interest for your hiring objectives and delays your goal to hire the best candidate as soon as possible.
The bottom line: When you need to hire critical talent, there’s a lot at stake; your company’s direction, your reputation and profitability. This means the job of filling your open position should be done right. Recruiting top talent for an open position shouldn’t be taken lightly and you can’t expect a positive outcome with the results you require unless you commit to a Performance Based Search recruitment model that creates a mutual partnership with dedicated service and accountability to fill your open position.
- Are you a start-up, with no dedicated resources to recruit top talent?
- Are you in a growth spurt and need of a steady flow of on target candidates?
- Are you tired of paying excessive recruiting fees?
- Are you having a difficult time recruiting key talent?
- Would you like to partner with a dedicated search professional that provides superior results and exceptional service at reasonable rate?
Big Picture Consulting has you covered and will find culturally aligned talent for your critical open positions.