SOURCE: ITeego

ITeego IT Tech Recruiters

January 14, 2010 10:29 ET

Tech Recruiters Offer Unprecedented 'Talent Test Drive'

ITeego Tech Recruiters Introduce Performance Payouts(SM) Fee Structure Which Enables Managers to Test Drive New Employees on the Job Before Paying Recruiting Fees

LOS ANGELES, CA--(Marketwire - January 14, 2010) - ITeego, premier tech recruiters, today announced its new Performance Payouts(SM) fee structure which helps businesses protect recruiting fee investments by tying them to new hire performance on the job. ITeego offers businesses a 'talent test drive' fee structure in which incremental payments representing a percentage of the total recruiting fee are spread out over 180 days and paid only as new hires reach calendar day milestones. The Performance Payouts(SM) fee structure eliminates the prohibitive costs and risks synonymous with third-party recruiting services.

"With Performance Payouts, we help managers mitigate the risk of hiring by sharing the risk with them. Performance Payouts means paying recruiting fees for a new hire's success on the job, not for a recruiter's success in finding the candidate. The key difference being that recruiting fees are paid for employee results instead of candidate potential," said Kevin Jenkins, Principle Tech Recruiter and founder of ITeego. "The logic is that if a new hire is worth keeping around at 30, 90 and 180 days, then they're worth the recruiting fee. The result is a better allocation of a manager's HR budget and measurable value for their recruiting fee investment."

Once a new hire has been on the job for six months, ITeego earns a total aggregate fee of 20% of the employee's annual base salary. When taking into consideration that other agencies charge anywhere from 20% to 35% and that amount must be paid in full usually within 15 days of a new hire's start date, ITeego's Performance Payouts fee structure should give hiring managers plenty to smile about.

"Not only is our Performance Payouts fee structure extremely cash flow friendly," Mr. Jenkins adds, "but it also enables managers to easily correlate the recruiting cost of a new hire directly with the value of their performance on the job. Businesses know the value they're getting for their recruiting investment before even paying it. With other agencies, the ROI on a recruiting fee is difficult to measure till much later, if ever."

Low risk combined with minimal upfront costs means ITeego's Performance Payouts(SM) enables more businesses to procure and benefit from professional recruiting services than ever before. Incremental payments make it easier to green-light new search assignments as well as recruit for multiple openings simultaneously. The clear advantage for managers is the ability to address on-going recruiting needs with minimal risk or financial impact. ITeego offers the Performance Payouts(SM) fee structure for all hands-on technical skill position searches.

About ITeego

ITeego is a high specialization search firm with expertise is in cutting-edge web technologies, emerging Internet trends, online business innovation, and most importantly, the talented people who drive the industry. ITeego provides value by bridging the talent gap between a business's important web initiatives and the web technology experts they need to execute them.

ITeego provides professional web technology recruiting services in Texas, the Mountain States, California, and the Pacific Northwest.

More information about ITeego and the Performance Payouts(SM) can be found at http://iteegosearch.com.

Contact Information

  • Contact:
    Kevin Jenkins
    Principle Recruiter
    ITeego
    1.866.218.8586