October 07, 2009 03:06 ET

ITeego Shares the Hiring Risk With Managers by Offering a 'Try Before You Buy' Recruiting Fee Structure

Technology Search Firm ITeego Introduces Performance Payouts(SM) Fee Structure

LOS ANGELES, CA--(Marketwire - October 7, 2009) - ITeego, a premier web technology search agency based in Los Angeles, today announced their Performance Payouts(SM) fee structure that eliminates the prohibitive costs and risks synonymous with third-party recruiting agencies. ITeego does so by offering clients a 'try before you buy' fee structure in which incremental payments representing a percentage of the total recruiting fee are spread out over the course of a year and paid only as new hires reach calendar day milestones.

"With Performance Payouts, we help managers mitigate the risk of hiring mistakes 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, Web Technology Search Specialist at 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 demonstrable value for their recruiting fee investment."

Once a new hire has been on the job for a year, ITeego ultimately earns a total aggregate fee of approximately 20%. When considering that traditional agencies charge anywhere from 20% to 35% and that amount must be paid in full usually within 10 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. Our clients know the value they're getting for their recruiting fee investment before even paying it. With other agencies, the return on a recruiting fee investment 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 makes 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.

About ITeego

ITeego is a web technology recruiting firm. Our mission is to help our clients meet their business objectives by leveraging cutting-edge web technologies. In doing so, we help businesses build brand awareness, increase revenues, streamline business processes, improve customer satisfaction and launch innovative online products and services. We accomplish our mission by helping our clients to attract, hire and retain highly skilled and motivated web technology professionals.

More information about ITeego and the Performance Payouts(SM) fee structure can be found at www.iteegosearch.com.

Contact Information

  • Contact:
    Kevin Jenkins
    Web Technology Recruiter
    (818) 745-9863