The Denver Gazette

Utah Company Introduces a New Way to Fill Your Job Openings

Innovative cost model helps source global candidates, reduce time to fill and build retention.

www.isotalent.com

With the “great reshuffling” of the pandemic, an influx of out-of-state talent, and a booming startup industry, businesses face a unique hiring challenge: optimizing in their talent pool without sacrificing their time and budget. In this competitive hiring landscape, top candidates are snatched up quickly, turnover is rapidly increasing and HR teams are rehauling compensation packages and strategic DEI efforts. In short, leaders have never spent so much effort on recruiting.

Outsourced methods offer little relief for hiring teams strapped for resources. Traditional recruiting fees average 25% of a placed candidate’s salary — tens of thousands of dollars on top of already high costs of sourcing, hiring, and onboarding. With these high costs of hiring and so little ROI on traditional recruiting methods, many are lost as to which efforts are most worth their time and budget.

One Utah company has introduced a new and affordable way for businesses to fill those job openings. A recruitment firm based in the Silicon Slopes area of Lehi, IsoTalent is helping executive teams, hiring managers and HR professionals find much-needed talent with a modernized approach to pricing. Rather than charging placement commissions based on salary, the firm replicates a similar approach to consultant and legal teams: bill by the hour.

Here’s how this Utah recruiting agency has retooled recruiting to save clients thousands of dollars, filling high-volume, technical and executive positions as painlessly as possible.

Hourly-rate recruiting saves clients 40%-70% compared to traditional commissions

The primary difference in IsoTalent’s model is how much money businesses save by paying by the hour. Traditional recruiters typically calculate a 20%-25% fee based on the placed employee’s first-year salary. That means placing a Marketing Manager or Software Developer with a $100k salary will cost an additional $25k to pay the recruiter. With IsoTalent’s model, the same service and quality of hire can cut that recruiting bill in half.

Last year, a local biopharma research company used IsoTalent recruiters to hire an experienced CEO. With IsoTalent’s model, what would have cost $43k for a $172k commission cost $9.4k. By skipping commissions and charging by the hour, IsoTalent’s recruiting team saved the client over $30k.

With IsoTalent, hiring managers can also partner with a global employer of record (EOR) to source, hire, and employ professionals across international borders — without having to form a legal entity in those countries. With the increase of remote and hybrid productivity, international hiring has become another “new normal” for growing startups and tech companies — opening a world of globally diverse jobseekers.

The recruiters at IsoTalent are dedicated to matching clients with culture-add candidates, building a culture of excellence and improving employee retention — all while saving you thousands. Contact them today to see how they can help you meet your hiring goals and cut 40%–70% off recruiting costs with their innovative cost model and global EOR services.

BUSINESS

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2022-08-12T07:00:00.0000000Z

2022-08-12T07:00:00.0000000Z

https://daily.denvergazette.com/article/282020446073039

The Gazette, Colorado Springs