Fractional Recruitment: Pros and Cons
Fractional recruitment is a relatively new trend in the hiring world and refers to a hiring model where companies engage the services of a part-time, contract or fractional recruiter to assist with specific recruitment needs. In this model, instead of hiring a full-time in-house recruiter, companies can tap into the expertise of a recruiter on a part-time basis, typically for a limited duration or specific project without the full-time commitment.
The fractional recruiter works with the company to understand their hiring requirements, develop job descriptions, source candidates, screen resumes, conduct interviews, and provide recommendations for hiring decisions. They may also assist with negotiating job offers and managing the onboarding process.
There are many pros to fractional recruitment. First, it can save you money. Hiring a full-time recruiter can be expensive, especially if you don't need their services full-time. With fractional recruitment, you only pay for the hours that you need the recruiter, so you can save a lot of money.
Second, fractional recruitment can give you access to the expertise of a recruiter without a full-time commitment. This can be great if you need help with a specific project or if you don't have the time to hire a full-time recruiter.
Third, fractional recruitment can give you more flexibility. You can hire a recruiter for as long or as short as you need them, and you can scale up or down your recruitment needs as needed.
However, there are also some cons to fractional recruitment. First, it can be difficult to find a good fractional recruiter. There are not as many fractional recruiters available as there are full-time recruiters, so it can be harder to find someone who is a good fit for your company.
Second, fractional recruitment can be more time-consuming. You will need to spend time interviewing and vetting fractional recruiters, and you will need to manage the relationship with the recruiter on a more regular basis.
Third, fractional recruitment can be less consistent. If the recruiter you hire is not a good fit for your company, or if they are not available when you need them, it can be difficult to find a replacement.
Overall, fractional recruitment can be a great way to save money and get the expertise of a recruiter without the full-time commitment. However, it is important to weigh the pros and cons before deciding if fractional recruitment is right for your company.
Here are some additional pros and cons of fractional recruitment:
Cost savings: Fractional recruitment can save you money on recruiting costs.
Expertise: You can get the expertise of a recruiter without the full-time commitment.
Flexibility: You can hire a recruiter for as long or as short as you need them.
Finding a good recruiter: It can be difficult to find a good fractional recruiter.
Time-consuming: It can be more time-consuming to manage a fractional recruitment relationship.
Inconsistency: The quality of the service can vary depending on the recruiter.
If you are considering fractional recruitment, it is important to weigh the pros and cons carefully. If you think that fractional recruitment could be a good fit for your company, then I encourage you to give QuantumHires a call.