The Benefits Of Contingency Search or Placement For Job Seekers

Having the right staff is arguably the most important part of any business strategy. But sometimes, finding the right candidates can be difficult. Searching for the right people for all of the positions you need filled can be a drain on company resources, taking away time away from managers that could be focused on employee and customer experience and satisfaction. This is why many companies choose to utilize staffing agencies or recruiters to help fill important roles.

Staffing agencies can be a helpful tool for businesses of all sizes, but knowing what staffing options are available and the best choice for your business is key. Here, we’ll go over one form of staffing, contingency search, as well as what it is, how it can benefit your business, and how to determine if it’s the right choice for you.

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What is Contingency Search or Placement?

Generally, there are two types of recruiting — retained and contingency. Retained searches typically involve a business signing a contract for a certain period of time and paying the recruiter or staffing firm for their efforts during that time, regardless of who, if anyone, is hired.

Contingency recruiting is when a company hires a staffing agency to find a candidate for a single, specific position and pays for services only if the recruiter successfully finds the right person for the position.

Advantages of Contingency Recruiting

With this style of staffing, there are many benefits. First and foremost, a contingency recruiter won’t charge a payment unless they find the right candidate for the job. This means zero up-front costs, which is always helpful for businesses. This type of payment structure often results in a motivated recruiting firm that gets the job done right the first time.

Another huge benefit of contingency searching is that your business’s in-house HR staff and management team is not burdened by the additional time and effort required to find the right person for any given role. Instead, they can focus their efforts on making clients and current employees happy. This saves company time and money.

Lastly, contingency recruiting typically doesn’t require an exclusive contract, meaning businesses have the option of using multiple staffing firms at one time.

When Do You Use a Contingency Recruiting Firm?

When trying to decide whether you should even contact a staffing firm or recruiter to begin with, consider how important it is for your business to have the right employee. Time spent sourcing employees, scanning through resumes, and conducting interviews can be a drain on your resources and ultimately not result in a great hire. However, with a recruiter, your chances greatly increase.

As for which type of recruitment method is right for your business, contingency recruiting can be extremely beneficial for small and medium-sized businesses looking to make a handful of hires because it is more cost-efficient than retained recruitment and generally effective. Contingency recruiters are experts at hiring all kinds of employees and because they are only paid if they make a placement, there is little risk to business owners.

If your business is in need of employees but cannot find the right people or cannot afford to do the work necessary to source quality candidates, finding the right staffing company and contingency recruiter can make all the difference.

How to Find a Contingency Recruitment Agency

Finding the right partner in staffing is key to long- and short-term success. Look for a company that is well-respected in the industry in which your business operates, experienced in staffing, and offering the types of staffing services you’re looking for.

Benefits of Contingency Search

What is Contingency Search or Placement?

Advantages of Contingency Recruiting

When Do You Use a Contingency Recruiting Firm?

How to Find a Contingency Recruitment Agency

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