Contingency recruitment is one of the widely used hiring process. It includes the agreed terms and conditions with clients and sending candidates on an as needed basis to the companies. It is an ongoing recruitment and placement activity to client organization. The services included in this type of recruitment are research into a potential employee, verification of references, experience, education and full background checks. The contingency firm can consist of one or two persons only or it may also be a large firm with many employees analyzing the candidates for their jobs. These recruiting services consist of research on potential employee’s personality type, background and verification of references, experience, educational qualifications. Ultimately, they filter all the candidates and select best among them for their clients. This type of recruitment is generally used to recruit associate directors, principal consultants, senior consultant, chartered surveyors etc.,

Candidates who sign up for this service do not have to pay to the recruiter. The company who has consulted contingency recruiting services will pay the fee to the recruiter for providing the appropriate candidate. The recruiting firm will charge fee from the companies if a proposed job applicant is selected. Depending upon the firms, the contingency recruiting offers different tests to find the best employee. These contingency recruiting firms maintain a database of prospective employee’s which helps them to make the selection of the candidate for their client easier. This type of recruitment focus on network of IT professionals and extensive database to source the suitable candidates. The contingency recruiter has contract with companies and it is a very expensive hiring process. Contingency recruiting involves more risks when compared with contract recruiter. In contingency hiring, 15 to 30 percent of an employee’s first year’s pay would be given to contingency recruiter for hiring an appropriate candidate. The amount payed to the recruiter will be justified because of the efforts that he has put to find an appropriate candidate.

Once a candidate is found related to the job profile, they go for telephone screening. They make a call to the candidate to know why he is wanting for change of position or a new job. They also try to know about their salary requirements and career aspirations. If the candidate gets selected, he is asked to register online. This comprises of online questionnaire. If the recruiter is satisfied, the candidate is asked to attend face-to-face interview. Then the candidate is tested for competencies and skills. If the candidate gets qualified, then he is asked to attend interview with the client. Ultimately, the decision of recruitment is based on the client as per vacancy for the post. Many candidates who are looking for jobs are seeking contingency recruitment firms.

Recruitment is the process of locating skilled and qualified experienced potential applicants to apply for job openings. Recruitment consultancies attract large number of qualified applicants who are ready to take up the job if it’s offered. Organizations have to recruit people with requisite skills, experience and qualifications to survive in the market from competition. For that they need to tap all sources both external and internal to recruit a skilled and qualified employee.

A recruitment consultancy helps to find and select a suitable candidate for a job opening. They often visit reputed educational institutions, universities, with a view to pick up job aspirants with requisite technical and professional skills. The merits are the organization has the freedom to select candidate from a large source, people with special skills can be hired easily, and often consultancies provide better employment opportunities to skilled and qualified candidates and job seekers. Recruitment consultancy is a growing and lucrative business in the UK. Firms in the UK like Chase Zander, Vanquish Recruitment consultant, Robert Walters, Mind Bench Consulting, and CIMA, offer specialized employment related services to corporate houses for a fee.

They also have many plus points to their credit. They have many contacts and are especially good at contacting skilled and experienced candidates. They advertise all vacancies, inform job applicants the basic details and job conditions of every job advertised, process all applications with efficiency and courtesy, seek candidates on the basis of their qualifications, and aim to ensure every person invited for interview will be given a fair and thorough hearing. They identify the right candidates in a highly professional way. They also guide and provide advice relating to employment to job seekers and candidates.

On the negative side hiring costs go up and the fees charged by some can be very high, sometimes over 25 to 30 percent of the annual salary for the position to be filled. This is however highly dependent on the type of recruitment consultancy, and the amount of work they will do for the employer. Sometimes higher rates are worth paying for if the candidate pool is one which is highly skilled in nature, and are sought-after. Also, the use of a recruitment consultant should reduce the amount of time it takes to hire a suitable candidate. Today, some recruitment consultancies also help in relation to training, payroll processing, surveys and statuary compliances.