Have You Ever Thought About The True Cost of Employees?

Many Times Outsourcing to a Strategic Partner is the Answer

A Better Way to Hire: "Flat-Fee" Recruiting

Ridgeback's "Flat Fee" is a "SMART" Approach to Recruiting

Organizations of all sizes face struggle in their pursuit of their industries top talent.   Sometimes they rely on internal recruiters, sometimes, they retain executive recruiters and sometimes they pay hefty contingency fees. Rarely, do they find an outside agency who provides a “Flat Fee” based service.

Be “SMART” – Go “Flat Fee” and Avoid the Expenses Seen Below  

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WHY a "flat fee" Makes Sense

Recruitment costs

Society for Human Resource Management (SHRM) estimates the average cost of hiring one employee to be $4,129.

Payroll expenses

Employees have base salaries with options for bonuses and overtime. Not every month has enough work to justify these costs.

Employment taxes

Federal and state taxes, including social security, unemployment tax, medicare, workplace insurance, and more are all unnecessary burdens for employers.

Employee benefits

Benefits include health insurance, life insurance, disability insurance, and more. In 2018, average insurance costs per employee were $19,616.

Paid time off (PTO)

Employees are entitled to sick days, annual leave, and maternity leave as part of benefit packages. These all directly impact your bottom line.

Office space equipment

Physical offices require rent, maintenance, furniture, equipment, computers, software, phones, printers, internet, and stationery expenses for each and every employee.

Utilities & training

Consider the cost of utilities like electricity, water, internet, food, cleaning, and security. Each employee also requires training, which costs time and money.

Theft and liability

Loss of inventory, loss of work time, loss of equipment due to theft are direct business costs. Liability insurance is also necessary to protect the safety of employees.

So what is the “true cost” of an employee??

Each individual employee + Total Hiring Costs = Cost of 1.4 – 1.5 times above employee base salary to the company

Be "SMART" by outsourcing to a strategic partner


Flat-Fee Recruiting – Saves You Time, Money, and Headcount

 

At Ridgeback Recruiting, we built SMART Recruiting to be a smarter, faster, and more affordable way to hire top talent — without sacrificing quality.

Unlike traditional recruiting firms that charge a percentage of salary or require long-term retainers, SMART Recruiting is a flat-fee recruiting service. That means you pay one predictable price per search — often less than the cost of a full-time recruiter on staff.

Advantages of strategic outsourcing to a "SMART" partner

1. REDUCED COSTS

Outsourcing is more cost-effective than in-house hires. You save 30% or more - plain and simple.

2. INCREASED PRODUCTIVITY

Streamline with outsourced talent acquisition so internal teams focus on the core business.

3. IMPROVED EFFICIENCIES

Strategic outsourced talent is highly specialized, thereby completing tasks faster and easier.

4. FLEXIBLE HIRING TALENT

Adapt to market conditions without overhead burdens by hiring when and how you need.

5. REDUCED LEGAL LIABILITY

Outsourced talent only requires payment for jobs well done. Eliminate legal costs of in-house hires.

6. ACCESS TO GLOBAL EXPERTISE

No geographic barriers with outsourced talent. Find the right person with the right skills anywhere.