Method for recruiting personnel for businesses and organizations

• US 20030220808A1
• Filed: 01/31/2003
• Published: 11/27/2003
• Est. Priority Date: 02/04/2002
• Status: Abandoned Application

• Current Assignee: Bruce A. Ballard
• Original Assignee: Bruce A. Ballard
• Inventors: Ballard, Bruce A.
• Application Number:
  US10/357,116
• Publication Number:
  US 20030220808A1
• Time in Patent Office: Days
• US Class Current: 705/1
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 10/1053 Employment or hiring

Abstract

A business method involving the partnering of recruiters and organizations for the hiring of personnel for organizations that are members of a network practicing the business method. The method involves the establishment of a true cost of hiring, providing immediate cost reduction of hiring by arriving at fixed cost for hiring, sharing profits and paying referral bonuses as incentives. The method creates market share, loyalty and longevity between the recruiting company and a business and increases collection rates for fees to the recruiting company. The method is also beneficial to the employer by reducing the cost to a business of hiring new employees and decreasing employee turnover. The network referrals give an organization a unique ability to fully underwrite the human resource department budget, help underwrite employee hiring cost, increase medical and employee-related benefits and expansion through these network referrals, literally turning the current human resource department from a profit-draining center into a profit-making center and providing continued growth and market share for the recruiting company.

Claims

1. A method for recruiting personnel for an organization by a recruiter, said method comprising the steps of:

entering into an exclusive agreement for an initial period between the recruiter and organization to recruit personnel for at least one position in the organization;

establishing a hiring cost for the at least one position in an organization to arrive at a total hiring cost;

entering into an agreement with the organization to reduce the total hiring cost by a predetermined percentage over a predetermined time period;

paying a performance sharing bonus by the recruiter to the organization based on all fees earned by the recruiter related to hiring of personnel for the at least one position in the organization over the predetermined time period;

paying a referral bonus of a predetermined percentage of fees associated with hiring personnel for any organization referred to the recruiter by the organization;

imposing a requirement that all payment of fees to the recruiter for recruiting personnel for the organization are made in a predetermined time period and imposing a penalty for untimely payment; and

entering into a renewal of the agreement with the organization at the end of the predetermined period.

2. The method for recruiting personnel of claim 1 wherein the step of establishing the hiring cost comprises:

multiplying the total pay and benefits for the at least one position by a percentage of time invested in training a person for the at least one position, a first year after hiring to determine a hard cost of hiring each person for the at least one position; and

totaling all hard costs of each person for the at least one position and adding to the resulting total all costs for promotion and advertising directed toward hiring a person for the at least one position.

3. The method for recruiting personnel of claim 1 wherein:

the predetermined percentage is thirty-five percent.

4. The method for recruiting personnel of claim 1 wherein:

the predetermined time period is three years.

5. The method for recruiting personnel of claim 1 wherein:

the performance sharing bonus is five percent.

6. The method for recruiting personnel of claim 1 wherein:

the referral bonus is five percent.

7. The method for recruiting personnel of claim 1 wherein:

the predetermined time period for the payment of recruiting fees is within fifteen days of a due date.

8. The method for recruiting personnel of claim 1 further comprising:

repeating all of the steps of the method with a plurality of organizations.

9. The method for recruiting personnel of claim 2 further comprising:

repeating all of the steps of the method with a plurality of organizations.

10. The method for recruiting personnel of claim 8 comprises:

staggering renewals of the agreements with the plurality of organizations.

11. The method for recruiting personnel of claim 9 comprises:

staggering renewals of the agreements with the plurality of organizations.