Navigating the modern hiring scene can feel like trying to find one's way through a tricky carnival maze filled with smoke, mirrors, trap doors, and the occasional clown. The business world is changing faster than ever, now supercharged by artificial intelligence, large language models, and machine learning, leaving businesses scrambling to rethink recruitment strategies. Traditional recruiting methods of yesteryear now gather dust, paving the way for new ideas and tech-driven agencies that emphasize data-driven decision making in their never ending quest for wow-inducing results.
Nevertheless, return on Investment (ROI) is still the star of the show. As companies worldwide acknowledge the importance of recruitment in molding their future, the search for solutions that blend affordability, quality, and speed has become crucial.
Standing right at the crossroads of the hiring revolution is Matthew Burzon, the visionary behind The Source and Recruit Company— an enterprise that perfectly aligns with the needs of today.
Burzon’s use of valid and reliable pre-hire assessments combined with a refined fractional recruitment model have marked a new era that rejuvenates standard recruitment practices while delivering top-notch talent and saving clients tens of thousands of dollars.
Typical fee-based contracts, whether contingency or retained, have companies shelling out 20-30% of annual employee salaries on placement fees. Fractional recruitment, the core tenet of The Source and Recruit Company+, is based on an hourly payment model with average fees in the 12-14% range.
One can think of it as purchasing a world-class talent acquisition department on-demand. The recruiter shows up ready to go, armed with expert knowledge and an arsenal of advanced software and tools.
As Burzon puts it, “This is a turnkey, flexible recruitment solution with the fairest pricing possible.”
But, it is important to note that The Source and Recruit Company’s fractional recruiting model is distinct from temp agencies. Temp agencies will hire job seekers onto their payrolls and then assign candidates to work at client companies, while Source and Recruit is direct-hire only, meaning employment is between the job seeker and the client directly.
The Source and Recruit Company’s approach is straightforward and transparent, with clients having access to all sourced candidates in the course of a search, not just the submittals. As a variable cost model, once the talent pool is identified, over time cost per hire is likely to trend down which makes the model a great fit for multiple headcount or evergreen roles.
Source and Recruit’s process incorporates a unique touch that sets the company apart— they are an authorized partner of PXT Select(™), and using this suite of Talent Management Solutions offers clients scientifically validated assessments and actionable data to select the right people for the right job.
The Step One Survey(™) may be used early in the hiring process and assesses candidate work ethic, integrity, reliability, and attitudes toward illegal substance misuse. This assessment is eligible for use in all states but Hawaii and Massachusetts.
The flagship product, PXT Select(™), is used to measure job fit. Hiring managers create a performance model for a specific job which candidates are then measured against, and includes an evaluation of their cognitive ability, working styles, and professional interests. Job fit is expressed as a percentage with scores of 80% or more statistically linked to lower risk of first year turnover. The assessment includes follow up interview questions to better understand any gaps in the report, along with leadership and coaching reports to further aid in candidate selection and onboarding. Better yet, once the data is captured the candidate’s data can be applied to other roles in the organization making it especially useful for succession planning.
“Ever since we started using this tool, we’ve seen significant improvements in the quality of our hires and overall company performance,” Burzon shares. “Our people are much happier here because before we hire them, we know their working style matches what we do.”
One of the striking features of The Source and Recruit Company’s approach is its cost efficiency and massive ROI.
Burzon says, “Imagine cutting a typical agency placement fee of $25,000 in half simply by taking on a little bit of risk similar to that of hiring an in-house recruiter. Now, replicate that savings ten times, and what one has is $125,000 slashed from hiring expenses. The math is simple but the impact is profound. With an 85% success rate over a span of eight years, we’ve proven we can drastically improve overall client profitability.”
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