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Boss offers £1,000 to candidates reaching final stage of interview
Executive Grapevine | Executive Grapevine International Ltd

Boss offers £1,000 to candidates reaching final stage of interview

In the quest to discover and secure top talent, Midas Media, a digital marketing company is offering £1,000 to job candidates who reach the final interview for a new role within the firm.

In a period where the demand for candidates exceeds availability, the savvy company boss believes it is more beneficial to pay quality candidates directly, than pay recruitment fees, report the Leicester Mercury.

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Comments (8)

  • Charlie H
    Charlie H
    Wed, 17 Jun 2015 4:24pm BST
    Is there not a chance they will get people who have no real interest in the job but would quite like £1k for not much work interviewing? Could lead to a fair bit of wasted time.
  • Matt
    Matt
    Tue, 16 Jun 2015 2:15pm BST
    How do you stop recruiters trying to get the candidates in via the back door and splitting the fee?
  • recruiter joe
    recruiter joe
    Tue, 16 Jun 2015 1:13pm BST
    Sorry if I offended you @Ed but your article seemed to insinuate that you begrudge paying a recruiter a fee (doesnt everyone) although I would remind you that unless you have an agency working on a retained service for you, you don't actually pay a fee until the job is filled and the candidate has started. You are quick to say you "wouldn't work for free", well thousands of us recruiters do this for our clients everyday without so much as a thank you.

    The potential risk seems to be that you will be forking out 5k in total to individuals where only one will actually be offered a position with you. Who is to say that individual doesn't get a counter offer and rejects your offer or leaves after 3 weeks. That leaves you 5k down with no fee rebate protection.

    Im not trying to persuade you to go the agency route, im just wondering if you have thought this through properly.
  • Ed
    Ed@ recruiter Ben
    Mon, 15 Jun 2015 2:24pm BST
    Thanks Ben - it deserves a follow-up piece. I'm sure there will be both highs and lows of doing this but hopefully an interesting learning curve with a positive outcome, of course.
  • recruiter Ben
    recruiter Ben
    Mon, 15 Jun 2015 1:58pm BST
    I actually think it's quite interesting - Ed, please let us know how this works for you!

    @recruiter joe - he'd have the same hoards of unsuitable candidates as usual, presumably, but he's surely more likely to uncover a few diamonds too in the passive market. And if he can sell the role to one of those passive candidates it will be money well spent.

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