Staffing Solution Differences to Know

Staffing Solutions and how they differ.

As businesses grow, so does their need for talented personnel. More than ever, defining a Talent Acquisition Strategy is paramount.
To help you choose the best option, let’s take a closer look at the differences between retained recruiting, contingency recruiting, and contract staffing.

Retained Recruiting

Retained recruiting is a service in which a business pays a recruiting firm an engagement fee. Recruiting starts when a retainer fee is paid covering research, start-up, and marketing. The recruiting firm prioritizes and dedicates resources (staff, tools, priorities) exclusively for the project.

This recruiting strategy is ideal for companies looking to fill a specialized role, high-level position or an opening that requires a more intensive and personalized approach. Retained recruiting projects typically are the highest priority projects for a firm. They expand into in-depth qualification and assessment services when engagement is made with the recruiting firm.

Contingency Recruiting

Contingency recruiting is a service where recruitment firm is paid a fee only when it successfully places a candidate in a job. This type of recruiting is ideal for companies that are looking to fill positions quickly or struggling to fill on their own.

With contingency recruiting, the firm is incentivized to find the best candidates for the job and the fee is contingent on placement of a candidate. Contingency recruiting competes with other firm customers for resources. Priorities are set based on the strongest potential to generate revenue for a placement.

Contract Staffing

Contract staffing is a service to identify specialized, technical, operational, or high value talent to contract. The recruitment firm is responsible for recruiting the contractor and assumes all overhead costs. The client company pays the recruiting firm a fee for providing this service avoiding all overhead costs.

This type of staffing is ideal for companies that need to fill positions quickly and/or need personnel with specific skills. It’s a significant employee cost reduction strategy for the company.

Types of staffing solutions and which ones are right for your business needs?

When considering which types of staffing services are best for your business, it is important to consider your individual needs and the type of job openings you have.

In summary, Retained recruiting is ideal for high-level or specialized positions. However, contingency recruiting is best suited for large-scale hiring needs. Contract staffing is the best option for filling positions quickly and for personnel with specialized skills and experience.

Moreover, no matter which type of recruitment service you choose, working with a professional recruitment firm can help you find the best candidates for the job and ensure a successful hire.