ANOTHER WAY FOR MEETING YOUR RECRUITMENT NEEDS

 
　

By Ms. Jane Yu, Managing Consultant/Senior Consultant, Shanghai Onpress

Ms. Yu graduated from finance in Beijing; she then joined PricewaterhouseCoopers and worked there for over 3 years.  She joined Onpress as a recruiter and consultant 3 years ago.

As introduced in my previous article Career Development Perspectives – Individual Consulting Service in Onpress in Onpress Newsletter Issue 3, we’ve launched a new project: a project to look at things from the candidates’ perspective, in helping them with ideas on a career development.  In this article, I’d like to analyze the impact of this project on our clients/potential clients.

Firstly, please allow me to brief you about the project: we send out, by mail and e-mail, a quarterly broadcast of at least 40 available candidates; without identifying the candidate, we list each candidate’s qualifications, experience and operating strengths and weaknesses, and suggest what type and level of positions should each candidate be considered; and indicate that the prospective employer will pay us a fee in cash equivalent to 20% of the appointee’s first annual cash compensation, or a minimum professional fee of Rmb60K per head, if and only if any candidate is hired, and otherwise there is no employment or recruitment cost involved.

Up to now, we have sent out 2 broadcasts.  The feedback is really positive: many companies come to us, stating their interest in this new method of recruiting and in many of our candidates.  This also leads to a discussion of which way is better to them, the new one or the traditional way of executive search.

Listed below is a table of the comparison of the pros and cons:

 

Recruiting from Candidate Broadcast

Traditional Executive Search
Cost (service fees)

A substantial discount from the traditional search

High
Payment term

Contingency

Retainer
Candidate quality

High

High
Candidate quantity

Limited; some nominated candidates might not be available

At least 4, each satisfying all the core competencies
 

Candidate meet special

requirements

Not applicable

100%
Success rate

Uncertain

100%
Suggested use   conditions

- Non-urgent positions

- Flexible requirements

- Newly created positions

- Urgent positions

- Senior management/ very important positions with strict requirements

Please consider the above comparisons, and you can decide which method will satisfy your recruitment needs better.

The Onpress candidate broadcast is available on the Onpress company website of www.onpressint.com.  Any application for the receipt of these broadcasts by e-mail or mailing of the materials should be addressed to Ms. Diana Shen at 021-6219 8417 or dshen@onpressint.com; for candidates who wish to be enrolled in our broadcasting (after the stringent personal interviews), please also contact Diana Shen for more information.