What Is Monthly Fractional Recruiting? Get To Know Red Seat's Exclusive Service
/Are you hiring, or planning to hire?
If so, and if you’re struggling to find the right candidates or don’t have the staff, time, or resources you need to do so, it might be time to consider a new approach.
Over the years, we’ve had a number of clients come to us looking for recruiting help that didn’t quite fit within the parameters of our flagship Retained Search service. To better meet those clients’ needs, we came up with a new concept: Monthly Fractional Recruiting.
So what is Monthly Fractional Recruiting exactly? Read on to learn more about this unique service and how it may benefit your business.
Retained Search vs Fractional Recruiting: What’s the Difference?
To understand Fractional Recruiting, it makes sense to start with a recap of Retained Search.
Red Seat’s Retained Search is:
Well-suited for when you have one or two positions to fill
A good fit for staff-level, management, and leadership roles
In comparison, Red Seat’s Fractional Recruiting service suits companies who:
Are hiring multiple positions over a period of time
Are looking for a different fee model
Do not have a person in house to drive or manage hiring projects
A good fit for hourly non-exempt and staff-level through management-level positions
As part of our Monthly Fractional Recruiting services, we fully manage the recruitment process for hourly, skilled, staff-level, and management positions. And just as with our Retained Search services, you’ll benefit from our tenacious approach to finding and securing top candidates for your open positions as well as time-saving help scheduling and confirming interviews, checking references, and extending offers.
For clients interested in having Red Seat manage their recruiting and hiring process, the monthly fee price point is, over time, much lower per hire than if you were to work with us on each position as separate retained recruiting projects. This allows companies with more extensive hiring needs to fill their open positions at a lower cost.
As a Fractional Recruiting client, you can switch positions as you need to, while benefiting from the recruiting services you need plus hiring process management. So you’ll get the kind of in-house recruiting and talent acquisition person you’re missing on your staff.
Fractional Recruiting can work for any position, but works especially well for hourly staff and recurring hires. It’s ideal for companies that have projected multiple upcoming hiring needs or have a couple of positions they’re always marketing for.
Benefits of Fractional Recruiting
This unique offering provides an array of benefits, including:
Having a dedicated resource on your team for your hiring needs.
Employment branding, process management, and other services in addition to recruiting.
Having access to the collective knowledge and experience of the entire Red Seat team. Our expert team knows how to market your position and drive candidate response.
As we work with you over time, we really get to know your company and its needs.
Our process is proven to secure interested candidates.
When we know another hire is around the corner, we can do early research so we’re well prepared when it’s time to fill the position.
Financial benefits:
Fractional Recruiting costs are, on average, at least 20% less than a Retained Search fee over time.
Fractional monthly recruiting can help companies enter into a contract with a relatively low monthly fee.
A monthly fee is easier to budget for than a one-off Retained Search fee.
Flexibility: utilize our recruiting and hiring expertise as much or as little as you need.
Peace of mind when your jobs are filled and you have the new hires your team needs.
Is Fractional Recruiting Right for Your Business?
The key indication of whether or not monthly fractional recruiting is ideal for your hiring needs is the number of positions you are trying to fill:
If you are looking to fill only one or two positions, Retained Search will serve your needs better.
If you have several open positions or regular recurring positions, Fractional Recruiting is the best fit.
In addition, if you’re not seeing the candidates you want to see or your internal team is too busy to do the job effectively (they can’t get in touch with candidates soon enough, don’t have time to do the review work, etc), Fractional Recruiting services might be a great fit for you.
How To Get Started With Fractional Recruiting
When you come to us to discuss your recruiting needs, here’s what you can expect.
First, we’ll have a conversation where we’ll collect some key information about the initial positions you’re hiring for, such as:
Job description/job overview
Qualities and skills you’re looking for in candidates
Whether the position is remote, in person, or hybrid
Compensation range and benefits
Then, if you’re interested in moving forward, we’ll do some research on the available candidate pool to see how many people we can find that fit your parameters.
We’ll also do salary research to determine if your offered compensation fits within industry ranges.
We don’t charge for this research work—we do it to ensure that we all go into the contract with eyes wide open.
Once we finish our research, we’ll share our findings with you and discuss next steps. If there are elements of your job title, description, compensation, or other details that need to change to get you the candidates you want, we’ll discuss that with you as well.
Have questions about Fractional Recruiting or want to discuss your upcoming hires? If you’re planning multiple hires and want to try a better way to get it done, reach out to us.
