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Stephanie Moss

πŸ‘€ Speaker
1008 total appearances

Appearances Over Time

Podcast Appearances

The Talent Trade
Volume Vs. Boutique Search

Sometimes they can get to the right people in a way that we don't or we can't.

The Talent Trade
Volume Vs. Boutique Search

So let me explain to you what I mean by volume shop versus boutique.

The Talent Trade
Volume Vs. Boutique Search

Here's what it could mean for you when you're looking or deciding, hey, do I go with a volume shop or do I go with a boutique firm?

The Talent Trade
Volume Vs. Boutique Search

A couple stats you should know and be aware of.

The Talent Trade
Volume Vs. Boutique Search

First of all, if you give the search out to multiple firms in a contingent arrangement,

The Talent Trade
Volume Vs. Boutique Search

Meaning, hey, we'll pay you 100% of the fee once you fill the role and we have multiple search firms working on it.

The Talent Trade
Volume Vs. Boutique Search

There's actually about an 18% success rate that any one of those multiple firms will actually fill the role.

The Talent Trade
Volume Vs. Boutique Search

And they know this.

The Talent Trade
Volume Vs. Boutique Search

It's actually an 82% fail rate.

The Talent Trade
Volume Vs. Boutique Search

Second thing you should know, if you use that similar model and say, you know, I need more than just comparison candidates.

The Talent Trade
Volume Vs. Boutique Search

I actually need, we've got some internal people and I've had some internal, you know, referrals that I like what I see, but I just want to make sure that we're really getting the best possible look at all the available talent.

The Talent Trade
Volume Vs. Boutique Search

Then you might go in a situation where, again, you say to the search firm, hey, we'll pay you 100% if we hire your person, but we're not going to have five other firms on it.

The Talent Trade
Volume Vs. Boutique Search

We're just going to let you and let's see what you can do.

The Talent Trade
Volume Vs. Boutique Search

In that scenario, there's about a 45% success rate that that firm will actually fill the position.

The Talent Trade
Volume Vs. Boutique Search

Here's where we come in and make things a little bit different.

The Talent Trade
Volume Vs. Boutique Search

When I get called by my clients to action, what they're saying to me is, Stephanie, we need to make a hire.

The Talent Trade
Volume Vs. Boutique Search

We need to do it through your process and we need to know what is the absolute best obtainable talent we can get for this role in the next 90 days.

The Talent Trade
Volume Vs. Boutique Search

We're only going to give the search to you and we need you to fill it.

The Talent Trade
Volume Vs. Boutique Search

In that scenario, it's a 94% success rate.

The Talent Trade
Volume Vs. Boutique Search

So small difference, huh?