What is RaaS?
Recruiting as a Service (RaaS) functions like an on-demand recruiter, where instead of charging a percentage of the new employee’s salary, companies only pay a flat monthly rate.
Traditional placement costs are 20% of the employee’s first-year salary; which for an employee making $100,000 would be an eye-watering fee of $20,000 for a single new-hire! At Technical Paradigm we charge a flat rate for RaaS. The service is a flexible and cost-effective alternative. We speak with the client to understand their need and decide together an agreed-upon monthly fee. You will get the same quality but at a fixed monthly cost.
Why Choose Recruiting-as-a-Service?
Your in-house management team can only dedicate a fraction of their time toward IT recruiting. When your company needs to scale, you may find that your managers and human resources team have converted into full-time recruiters — at the expense of their core responsibilities. That’s when most companies will enlist a recruiting firm to do the hiring for them. But for many smaller companies — like a tech start-up — it’s simply not viable to pay a 20% fee for each new employee. Fortunately, they can now turn to agencies that offer Recruiting-as-a-Service to deliver high-caliber talent, at a fraction of the cost of traditional recruiting.
How Does RaaS Work?
The RaaS provider uses the job listing provided by the client, and matches it up with the best prospects available. Then, they begin the screening process by completing both the interview, and technical evaluations BEFORE sending the applicant to the client. This eliminates nearly all of the time commitment that makes in-house recruitment such a timesink. By only being connected to applicants who have been evaluated and vetted in advance, the company only interfaces with a small pool of applicants that are most likely to be the best match for the role. As a result, Recruiting-as-as-Service saves companies valuable time and money that would be wasted by pursuing traditional recruiting methods.
Is RaaS Right for you?
Do you have a full-time recruiter that can interview and hire several employees simultaneously? Can your human resources department efficiently test and evaluate applicants to make sure they have the technical skills required for the position? If you answered “No” to either of those questions, and you need a low-cost, streamlined hiring process where pre-interviewed applicants are delivered directly to your inbox, then Recruiting-as-a-Service is right for you.