Recruiting as a Service (RaaS)
Expensive big box recruiting companies are losing ground to cutting edge boutique agencies who offer Recruiting-as-a-Service. Employee acquisition with RaaS is a cost effective and convenient alternative to traditional recruiting services. The RaaS business model operates much like its Software-as-a-Service counterpart in that instead of paying a large price tag up front, you pay an affordable subscription cost. In return, you get your own on-demand and highly specialized technical recruitment team.
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.
RaaS has several clear advantages over both a traditional recruiting agency, or in-house recruitment options:
- Costs Less: Unlike hiring a full-time recruiter, or paying a traditional 20% fee for employees, using RaaS is cheaper, and because it’s pay-as-you-go, it doesn’t cost your business anything when you’re no longer hiring.
- Saves Time: Recruiting-as-a-Service delivers your qualified, pre-screened applicants directly to you without you having to sort through a clogged inbox of unqualified queries.
- Improved Candidate Quality: By testing and evaluating applicants, RaaS delivers new employees that are a good fit for your industry and company culture. Because they’re pre-screened, candidates will arrive having already been tested for the exact skills the position requires, ensuring they’ll be the perfect fit for the role.
- Core Business Focus: Because RaaS does the searching, testing, vetting, and even interviewing for you, you can focus on what’s most important — running your business.
Choose Technical Paradigm for your RaaS Needs
Now that you’ve been introduced to the value and convenience of Recruiting-as-a-Service, connect with the recruiting team at Technical Paradigm to create a customized RaaS plan to fulfill your company’s unique staffing needs.