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T Owen Group
Selective Staffing Services
What is it? Retained search, but –
No retainer fee’s Pay for performance Complimentary to current practices Focus on quality and time-to-hire
What does “Selective” mean? Select the level of service
Breaks down the recruiting effort into modules that range from sourcing through candidate start and 3 month guarantee
Sourcing through offer extension Sourcing through candidate acceptance Sourcing through candidate start Sourcing through 3 month guarantee
Modularized costs depending on level of service All services, from sourcing through candidate start and 3
month guarantee for standard cost Reduced services and participatory efforts for discounted
cost
Focused hiring at controllable and affordable costs
T Owen Group
Selective Staffing Services
Basic Premise
Client wants a position(s) filled under the following scenarios
Quality of candidates Time-to-fill Management productivity Cost-per-hire
T Owen Group wants to equate time expenditure to fee structure by
Modularizing fee schedule based on services required
Eliminating certain “contingent” elements of search activities
Working cooperatively with internal staffing functions
T Owen Group
Selective Staffing Services
How it works
Scenario 1
Client contracts with T Owen Group on a Sales Executive opening.
Client elects modules only including sourcing and candidate identification which leads to offer.
Client extends offer to candidate, T Owen Group invoices client based on 50% discount on original fee.
Payment is not contingent on candidate acceptance, start and guarantees.
If any other candidate aside from those provided by the T Owen Group accepts and starts the position which has been contracted for, T Owen Group will invoice client 2/3 of discounted fee
If the position is eliminated or client chooses not to fill the position, T Owen Group will invoice the client 1/3 of the discounted fee total.
T Owen Group
Selective Staffing Services
How it works
Scenario 2
Client contracts with T Owen Group on a Sales Executive opening.
Client elects modules including sourcing, candidate identification, offer and acceptance.
T Owen Group invoices client based on a 30% discount on original fee
Payment is contingent on offer to candidate and candidate acceptance
Payment is not contingent on candidate start If any other candidate aside from those
provided by the T Owen Group accepts and starts the position which has been contracted for, T Owen Group will invoice client 2/3 of discounted fee
If the position is eliminated or client chooses not to fill the position, T Owen Group will invoice the client 1/3 of the discounted fee total.
T Owen Group
Selective Staffing Services
Which modules would I select? Clients select modules that they are
comfortable with and fits their budgets Some clients may opt to only select “Offer to
Candidate” module because they feel, once the individual is identified, they can close, work to start date and do references. Also, fits well within their budget and is consistent with their cost-per-hire guidelines.
Some clients may opt for “Offer to Candidate” and “Candidate Acceptance” modules. They may opt to trade off cost of “Candidate Start”, as they can manage that and probability of Candidate Accept and No-Start is small.
What are the objectives? Create extreme focus on select position(s) in
harmony with internal resources Decrease time to hire and increase
management productivity Control cost-per-hire and maximize available
budget
T Owen Group
Selective Staffing Services
Why would I use this approach? Dissatisfied with current efforts
Internal recruiters with multiple openings mainly handling inbound leads (job posting responses) creates lack of focus, minimal outbound efforts
Budget constraints Average retained search fee is 25-30% of
candidate compensation Average contingency search fee is 15-20% of
candidate base salary Confidence in ability to select, close and
manage through to on-boarding. Requires confidence that once a candidate is
identified, the hiring manager can close the deal
Maximize efforts to decrease time-to-hire Internal recruiters – handling inbound
responses External recruiters – handling outbound search
activities