2017 is here! Now that the dust has settled and holidays are firmly in the rearview mirror, we decided to take a look back at 2016 and reflect on how we were able to help healthcare practices like yours hire key talent at a fraction of the cost of other firms.
First, let’s take a look at the average physician recruitment placement fee. According to Forbes.com, “Contingency agreements are entirely performance based and you don't pay a recruiter until they successfully recruit an employee for your company. Typically, this is a percentage of the employee's first year compensation package and can range from 15% - 25% of that individual’s pay.” With the average full-time physician salary being $202,000 and the average full-time mid-level salary being $94,500, that puts most recruiters’ placement fees at $30,000+ for a physician and $14,175+ for a mid-level. Let’s compare that to our fees at $8,500 for a physician and $6,500 for a mid-level:
Placement Fees ($ in thousands)
How do we keep our fees so low? Well, we came into this industry realizing most small-to-mid size practices can’t afford typical recruitment fees. With that in mind, we decided to be disruptors and offer quality provider recruitment at affordable rates. We work smart and keep our business streamlined - and technology enables us to keep expenses much lower than a traditional recruiting firm. Why pay for landlines when we all have cell phones? Why buy an expensive printer/fax machine when we all use email and an e-fax number is $10/month? Why waste money on business cards and brochures when we have our contact information in our email signatures and can send PDF brochures? The status quo in the recruiting industry is expensive - and unnecessary. We trim that fat, keep expenses down, and pass on the savings to our clients.
Because of this, our lower fees never result in lower quality in service. Your search will always be directly handled by a Managing Partner and candidates will always be thoroughly vetted before being sent to you. We’re proud to report that in 2016, 85% of our clients had qualified candidates presented to them within 30 days. We want to emphasize the qualified, as many clients tell us other recruiters present more candidates and do so faster - but they’re not properly vetted and result in wasted time on all sides, due to issues that could have been easily discovered during a proper phone interview by the recruiter. While it may seem exciting to get 10 candidates within 48 hours, how valuable is that if none meet the requirements or are interested in the opportunity? We ensure that every presented candidate is qualified for and interested in the job at hand.
If you have a need for a provider this year, please consider using Creative Healthcare Solutions. We are a contingency recruiting firm, so you have nothing to lose by working with us - you don’t pay anything unless you hire a candidate we presented and we will consult with you and provide feedback along the way. Don’t pay standard fees for standard recruiting. Partner with Creative Healthcare Solutions and get quality recruiting at affordable rates.