Tuesday, December 10, 2013

What are Contingent, Retained, RPO Recruiting?

20 QUESTIONS ABOUT WENTWORTH RECRUITING
#5: What’s the difference between contingent and retained?  What is RPO?  What is on-site recruiting?

In 1984, a division of Xerox invited us to set up a temporary recruiting function in their offices.  In 28 weeks, we filled 28 off-brand assembly language programmers.  With that, we gave birth to on-site contract recruiting in Southern California.

“Contingency” means you only pay if you hire someone from the vendor.  Seems like a good idea, doesn’t it?  Take a look at this: TABLE COMPARING RECRUITING BUSINESS MODELS and you may not think so any more.  It’s a brutal and imprecise sales (not service) business, with lots of at-bats required to get a hit.  The best recruiters get out into a saner environment. 

“Retained” means you pay up front, often in three payments.  Virtually no one offers contingency to help fill positions above $125,000/year in salary, so most vendors who are qualified to help with senior jobs are retained.  A few, like Wentworth, charge hourly, providing a better alignment of interests and, thus, better results.

“Hourly” means you pay hourly, as you do for a lawyer or accountant.  If the recruiter’s work is measured, so you can know if they are worth their rates or not.  Wentworth charges hourly.  We set goals for each project, report weekly as to progress against the goals and offer a no-penalty, any-time ability for the client to cancel.  Our clients can make choices to control the cost of our services.  We supervise our work with a very senior Wentworth manager to make sure our clients are delighted.

“ RPO” (recruitment process outsourcing) is just a fancy name for the more complete version of on-site contract recruiting.  The vendor does it all except make the hiring decision, typically on-site.

Obviously, having spent 30+ years refing how we do our work, we think hourly combined with measuring the work, from your site, from our offices or a combination, provides the best outcome for you.  This client thinks so, too:

“You are the best recruiters that I've worked with in the approximately 25 years that I've had any contact with recruiters.”

We offer our clients a unique, innovative and science-based approach to recruiting.  We deliver candidates carefully screened against 50 criteria and we deliver the precise information you need to make successful, sustainable hiring decisions.  

Our service is managed by a PhD psychologist and/or former Vice Presidents of Human Resources.
  
John Wentworth  |  310 732 2301  |  johnwentworth@wentco.com  |  www.wentco.com

Wednesday, December 4, 2013

FROM THE FEDS and ADP: Two Pieces of Good News

November 2013: ADP National Employment Report®

U.S. Economy Added 215,000 Private-Sector Jobs in November, According to ADP National Employment Report.

See more at: November 2012 ADP Employment Report


October 2013: New Residential Sales

Sales of new single family houses in October 2013 were 444,000 at a seasonally adjusted annual rate, up 25.4 percent from September’s revised rate and up 21.6 percent from October 2012.

See more at: New Residential Sales (October 2013)

Monday, December 2, 2013

FROM THE FEDS: Construction Put In Place (October 2013) Up 0.8% from September

Construction spending in October 2013 was $908.4 billion at a seasonally adjusted annual rate, up 0.8 percent from the September 2013 estimate and up 5.3 percent from October 2012.

This information is sent to you free by the  Economics and Statistics Administration through the Economic Indicators service. This and other economic indicators data are now available on ESA’s Twitter feed. Check out other demographic and economic data from the U.S. Census Bureau and the Bureau of Economic Analysis, and visit CommerceConnect.gov to learn how the Department of Commerce can help businesses become more competitive.

Occasionally, a fellah's just got to brag about his people.

Client responses from two recently successfully concluded searches:

We helped a client hire PROTOTYPE ENGINEERS.

The CEO said, “You are the best recruiters that I've worked with in the approximately 25 years that I've had any contact with recruiters.  Next to me and maybe a few other people here, Roman is now better at picking out candidates for us than anyone else I know.”

One hire was made and a contractor was engaged.  Total cost was about 15% of salary + contractor's fees.

Roman Poplawski is available to provide that level of service to you.  

We helped a client hire a VICE PRESIDENT OF HUMAN RESOURCES.

A member of the consulting firm that recommended us said, "I am usually a pretty harsh critic of search firms but I think that Judy Tabak of Wentworth did a great job on this one.   [The CEO] is very happy with the candidate; I…also think she’s great.   Ultimately, I think [the client] will be paying about a 15% fee overall for the search which is a good deal."  

The consulting firm's boss said, "I was impressed about how they kept [the client] abreast and the number of candidates they screened.  I’ve known John Wentworth for almost 20 years and felt he’s a straight shooterAlways nice to know that the firm that I suggested...was indeed a good performer!"

This search actually cost the client 18% of salary and was done in 6.6 weeks.

Judy Tabak is available to provide this level of service to you.


We offer our clients a unique, innovative and science-based approach to recruiting.  We deliver candidates carefully screened against 50 criteria and we deliver the precise information you need to make successful, sustainable hiring decisions.  

Our service is managed by a PhD psychologist and/or former Vice Presidents of Human Resources.

 John Wentworth  |  310 732 2301  |  johnwentworth@wentco.com
www.wentco.com