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Recruitersite Guide to Flat Fee Recruitment.
There are various methods of attracting candidates to vacancies. These methods include print advertising, recruitment agencies, internal referrals and online advertising.
Over the past few years some companies looking to recruit staff have found newspaper advertising becoming more and more ineffective as well as expensive. This coupled with the fact that during recent difficult trading conditions, traditional recruitment agency fees have also (in some circumstances) been too expensive to justify.
What is Flat Fee Recruitment?
Flat Fee recruitment is a low cost (Budget) online recruitment service that is an alternative to traditional recruitment methods and is seen as a way of companies reducing their cost per hire. Over the past few years' online recruitment has grown considerably due to its speed to market, flexibility, reduced cost per hire and ability to reach the right audience.
With recent surveys claiming 8 out of 10 people now use the internet to view, search and apply for jobs online, an effective Flat fee managed service can bring major benefits to any company looking to recruit.
Flat fee recruitment uses a combination of web advertising, CV searching, screening and filtering to provide employers with a pool of relevant and quality candidates. The solution is designed to be a highly cost effective option reducing the employers cost per hire, reduced administration and time spent on writing a job advert and screening CV's for suitability.
Whilst there are advantages and disadvantages for all recruiting methods, the introduction of flat fee recruitment into the market has helped to bridge the gap between online media and corporate companies; some see it as the best of both traditional recruitment and other recruitment methods.
How Can Companies Save Money
Companies that are willing to keep the majority of the recruitment process in house (arranging interviews, short listing mediating etc) can save Up to 70% than using traditional recruitment agency methods. Flat fee recruitment offers employers a recruitment solution that negates the need to pay high recruitment fees and sits in between the full recruitment service and companies spending hours if not days placing adverts and managing response through multiple channels and then sifting through unsuitable applicant responses.
How does it Work
The process of Flat fee companies follows the same process they (ideally) professionally copy write and optimise a detailed job advert, place the job on a number of niche and generic job sites, screen and short list relevant candidates finally sending out rejection emails before submitting a pre defined number of relevant applicants to the company so the internal recruitment process can then take over. This process can sometimes be enhanced to include handling telephone responses and queries.
What Tools are required to start Flat Fee
With platforms such as recruitersite it is easy to kick of a Flat Fee division. The going rate for a flat fee service is between £495 for a scaled down service to £995 for full managed advertising campaigns so with recruitersite advertising packages starting at just £89 it is easy to see why more and more recruitment agencies are now offering this type of service as an add on to their normal daily recruitment activity. The added benefit is that if they already operate in a niche sector they will be able to bring AdQual experience to enhance the Flat Fee process for their clients.
The recruitersite platform is the perfect compliment for recruiters looking to operate in this lucrative market place. If you require more information on how our service can assist with the flat fee process or have any questions please do not hesitate to give us a call. 0845 604 8343
