Utah Company Introduces a New Way to Fill Your Job Openings

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With the “great reshuffling” of the pandemic and economic uncertainty in the year to come, U.S. businesses face a unique hiring challenge: optimizing in their talent pool without sacrificing their time and budget. In this high-churn hiring landscape, top candidates are snatched up quickly, turnover is rampant, and HR teams are strapped for tools and support. In short, leaders have never spent so much effort on recruiting.

Traditional recruiting methods (internal and outsourced) offer little relief for hiring teams. The average cost of an entry-level hire hovers around $4k — and in the case of replacing a current team member, up to 2x the employee’s salary. Meanwhile, traditional recruiting fees average 25% of a placed candidate’s salary, tens of thousands of dollars on top of already high costs of sourcing, hiring, and onboarding.

One Utah company has introduced a new and affordable way for businesses to fill these job openings. A recruitment firm based in the Silicon Slopes area of Lehi, IsoTalent is helping executive teams, hiring managers, and HR professionals find much-needed talent with a modernized approach to pricing. Rather than charging placement commissions based on salary, the firm replicates a similar approach to consultant and legal teams: bill by the hour.

Here’s how this Utah recruiting agency has retooled recruiting to save clients thousands of dollars, filling high-volume, technical, and executive positions as painlessly as possible.

Hourly-rate recruiting saves clients 40%-70% compared to traditional commission fees

The primary difference in IsoTalent’s model is how much money businesses save by paying by the hour. Traditional recruiters typically calculate a 20%-25% fee based on the placed employee’s first-year salary. That means placing a Marketing Manager or Software Developer with a $100k salary will cost an additional $25k to pay the recruiter. With IsoTalent’s model, the same service and quality of hire can cut 70% off that bill.

Consider metrics from a real IsoTalent client. Last year, a local biopharma research company used IsoTalent recruiters to hire an experienced CEO. With IsoTalent’s model, what would have cost $43k for a $172k commission cost $9.4k. By skipping commissions and charging by the hour, IsoTalent’s recruiting team saved the client over $30k.

"Traditional recruiting is a major headache for organizations. Business leaders need to invest in their hiring efforts, but this can be expensive, clunky, and time-consuming — ultimately not worth the hassle and misalignment,” says Austin Miller, Co-founder and CRO of IsoTalent. “I've worked in HR most of my life, and IsoTalent was designed to remedy the problems I’ve seen firsthand: lack of accountability from professional recruiters, high commission fees, and the need for better hiring tools. That’s where IsoTalent really flips the script.”

Track hires; source and employ talent from outside of the United States

Along with hourly billing, IsoTalent offers two services other recruiting companies cannot: a free applicant tracking system and a global employer of record.

IsoConnect is a free ATS offering, meaning any company can create an account to manage their hiring and recruiting efforts, regardless of their status as an IsoTalent client. IsoTalent recruiters are “on demand,” which means many organizations choose to use these professional recruiting services to hire for 2-3 positions at a time, then pause for a month or so until they’re ready to outsource their next recruiting project. In this interim, organizations can continue to use the IsoConnect platform for free.

IsoGlobal is IsoTalent’s international service that allows organizations to legally employ professionals outside of the United States. While IsoTalent’s recruiters can recruit anywhere for a client, this doesn’t necessarily mean the client’s company can employ them. This is where IsoGlobal’s EOR comes in — acting as legal entity on behalf of the organization to hire, employ, and onboard that professional while they remain in their country of residence.

"It's a novel concept to some, but business leaders are seeing how international hiring could become a vital part of their operations," says Jonathan Malan, head of global EOR at IsoTalent. "An EOR is a strategic partner to achieve growth, build cultural proficiency, and drive international expansion. On top of that, the service is fast and convenient, and circumvents the financial and compliance risks of trying to manage on your own."

Scale your hiring with IsoTalent

Hiring managers don’t have to sift through hundreds of applications, limit their geographical reach, or wait several months to hire the talent their company needs. The recruiters at IsoTalent are dedicated to matching clients with ideal candidates, building a culture of excellence, and improving employee retention — all while saving you thousands. Contact them today to see how they can help you meet your hiring goals and cut 40%–70% off recruiting costs with their innovative pricing model, free applicant tracking system, and global EOR.

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