An introduction to embedded talent solutions

In this edition: An introduction to embedded talent providers

This week, we’re giving you a primer on embedded talent providers. Read on to learn more!

What is an embedded talent provider? ??

Seems like the obvious place to start! Usually, when you’re looking to hire new staff, there are two ways you can go about it:

1. Build an in-house team — Have your own recruitment team in-house that fills vacancies and helps build your brand voice and reach.
2. Outsource to an agency — Outsource to an external recruitment agency to fill open vacancies for a fee as they crop up.

These tend to be the two options that most people consider when looking to recruit new staff. But what if we told you there was a third option?

An embedded talent provider — ?An on-demand service that provides expert recruitment advice and support to help fill vacancies and build your brand for a monthly subscription fee.

Embedded talent providers sit somewhere between in-house staff and an external agency. While an embedded talent provider won’t be working within your organisation, they will be working with you over a longer period than a typical recruitment agency might for a monthly fee.

This longer period of engagement means that an embedded partner will get to know your business far better than an outsourced agency and be able to help with finding not just the best talent for your business but the right talent. They are also able to contribute to long-term strategic goals and brand building.

Let’s dive into some of the specific differences between the three options.

Cost ??

Hiring your own in-house recruitment team comes with a host of associated costs — onboarding, employee benefits, pension payments, etc. This can make the upfront cost of hiring in-house staff far more expensive than using an agency.

However, agencies can charge huge per-placement fees due to their speed and expertise. You could end up shelling out a big chunk of change for each placement that an agency makes.

Embedded recruitment providers exist in the middle ground between these two options. While there is still an associated fee, it is a monthly subscription that won’t cost anywhere near as much as onboarding employees or large agency fees. With this option, there are no onboarding, placement, or tooling costs — just one monthly fee.

Simple, right?

Mobilisation period ??

When you’re looking for new talent, speed is often of the essence. Recruitment agencies can take as long as 2 to 3 weeks to get fully onboarded with your company and begin looking to fill your vacancies, with much of this time spent agreeing on contracts and legal minutiae, not working on your brand.?

In-house staff can take even longer than this as they become full members of the team and learn the ropes of your organisation. Even day-rate contractors can take up to a month to be fully up to speed.

Embedded recruitment providers operate on an on-demand basis and tend to be able to start working much faster. Typically, a team of professionals from different disciplines will work alongside one another to start building your brand and filling vacancies as quickly as possible — often in as short as 5 days to 2 weeks.

Guarantees ??

Outsourcing to a recruitment agency or using in-house staff doesn’t guarantee that your positions will be filled. With these approaches, if your vacancies aren’t filled, you are often left high and dry.

Yes, some agencies will offer rebate schemes for hires that leave your company after a short timeframe but neither recruiters nor in-house staff can guarantee that they will fill the positions for you.

A high-quality embedded recruitment provider offers both a fill value guarantee and a free replacement up to 3 months post-service if your new hires leave early. With this guarantee in place, you can rest safe in the knowledge that your positions will be filled with the best talent available and you won’t be left with gaps in your department.

Taking it into the real world ??

Hopefully, we’ve given you some food for thought on why working with an embedded recruitment provider could be right for your organisation. But if you’re still not convinced, we’ve put together a case study so you can see how this solution works in action.

We worked with Bricklane to help them add 150+ suitable candidates to their talent pool, save over ￡11,000 versus using recruitment agencies, and eliminate 60+ hours of hiring time.

You can read the full case study here!