How it works:

With the performance-based model, you only pay when a candidate results in a successful hire. At VerityHunt, this model offers added security, as payments are split into two installments.

• Placement Payment:
  50% of the placement fee is invoiced on the candidate’s first day of employment — no costs before this stage.
• Probation Payment:
  The remaining 50% is payable upon the successful completion of the candidate's probation period, ensuring you're only fully charged when the candidate proves to be the right fit in the long term.

Note: Fees are based on a percentage of the candidate’s annual salary and tailored to the complexity and number of roles.

Advantages:

• Tailored for Speed & Volume: Ideal when speed and volumes are a priority, helping you secure the hires and meet the business deadlines.
• Payment Flexibility: A two-part payment structure, combined with a probation period safeguard, offers an added layer of security.

Perfect for:

• Roles of medium/medium+ complexity where quick hires are a priority.
• Shorter, fast-moving hiring processes with consistent feedback loops.

How it works:

This model is designed for more specialized or senior+ roles that require a niche search and a longer hiring process. The payment is split into three installments:

• Flat Sourcing Deposit:
  The initial deposit secures dedicated resources for tailored market insights & comprehensive sourcing campaigns. The deposit is deducted from the hiring fee in two equal parts.
• Placement Payment:
  Once the candidate is hired, 50% of the remaining fee is invoiced on the candidate’s first day.
• Probation Payment:
  The final 50% is due after the candidate successfully completes the probation period, ensuring they are the right long-term fit.

Advantages:

• Cost Effectiveness: This model is perfect for roles that require in-depth searches. Thanks to the deposit, we offer a lower overall hiring fee.
• Long-Term Partnership: Ideal for companies looking for a partner to support ongoing, high-complexity searches, market insights, and role refinement to find the perfect match.
• Extended Recruitment Support: With resources fully allocated to your roles, we work as an extension of your team, offering comprehensive project management.

Perfect for:

• Roles of high/high+ hiring complexity when you prioritize finding the perfect match rather than shortening time-to-hire.
• Senior or executive roles that require deep market knowledge and strategic planning.
• Longer search resulting from a unique nature of the role or limited talent availability.
• Searches where roles most likely will evolve based on market insights or internal re-calibrations.

How it Works:

The Fixed Service Fee model offers a pre-agreed, flat-rate payment for standalone recruitment services. Ideal when a client is not looking for full-cycle recruitment but needs specialized support in specific areas like:

• Strategic Consultation:
  Providing high-level recruitment strategy advice, market insights, and workforce planning recommendations.
• Recruitment Analytics:
  Analyzing hiring metrics, candidate pipelines, and recruitment performance to optimize the hiring process.
• Compensation & Benefits Benchmarking: Offering industry-specific data to help align your compensation packages with market standards.
• Recruitment Process Setup:
  Assisting in designing or improving recruitment workflows, from job descriptions to candidate evaluation processes.

Perfect for:

• Strategic Planning Needs:
  If you require expert advice to plan your hiring strategy but are not ready to start active hiring yet.
• Process Enhancement:
  When you’re refining internal recruitment processes or benchmarking compensation packages but don’t need immediate hires.
• Flexible, ad hoc service:
  Perfect for situations where you need support on an ad-hoc basis rather than a full recruitment project.