In the following article we delve into:
- You’ll understand what rates to expect when working with Tecla.io
- You’ll learn their pricing model and how they charge clients
- You’ll learn the importance of transparent pricing in the recruiting industry
- You’ll learn how to assess what types of costs are associated with working with Tecla.
In the remote tech talent and outsourcing industry, transparency is crucial. We at Teilur Talent are spearheading an initiative, we simply refer as “Transparent pricing” to bring more clarity to pricing structures, a move that’s gaining attention in the recruiting and outsourcing field. This article will delve into the pricing model of Tecla.io, a business focused on recruiting of tech talent in Latin America. We’ll analyze how much they charge for different roles in the tech world, what you can expect to pay, and how those costs compare to a competitor like Teilur Talent.
What is TransparentRate pricing, the new trend disrupting the outsourcing and nearshoring industry?
Tecla’s pricing Model & Rates
Given our mission is pricing transparency, we look at a recruiting, staffing or outsourcing agency with a “pricing” section in their navigation, we immediately get hopeful the company is following the trend of pricing transparency.
However, unfortunatly that is as far as it goes for for this case. Tecla's transparency in pricing likely perceived as limited. They explain “how they charge” below each one of their pleans for Recruiting or Staffing. For Recruiting they charge on a Pay per Hire basis and fees are due when the candidates starts, they also offer a Staffing solution that involves a Pay on a Month-to-Month basis.
The bad news is that there is no indication “how much they charge” directly from looking at the pricing section.
Their approach is common in the industry, most companies in the staffaing, nearshoring or outsourcing industry get you to talk to an account manager or sales person before they disclose any type of expected pricing.
Why is this such a big deal for us? We believe the industry should be transitioning to a model where you as the customer get two critical points of information before you talk to anyone.
Ensure a successful DevOps partnership with the ultimate outsourcing and nearshoring checklist.
1. Transparency before you get on a call with a sales person
For example Teilur Talent is a company that also specializes in recruiting remote tech talent in Latin America, and they are strong on pricing transparency. They disclose on the website how much of the payment they keep and how much goes to the hired talent.
For example, from their site is clear that if the client pays Teilur Talent $7,000/month for a full-stack Software Engineer, at least $5,600 goes to the developer, and they pocket a maximum of $1,400.
2. Expected rates you can expect to pay
This aspect is crucial as potential clients should have an understanding of service rates before engaging in discussions with sales representatives. Regrettably, Tecla does not disclose this information on their website, necessitating a call to determine whether their rates align with expectations.
This is a practice Teilur Talent is keen on disrupting, as many entities in the industry gauge a client’s budget and then attempt to locate talent that aligns with it. For instance, a company might inquire about a client's budget and, upon learning it's $10,000, will propose a candidate and quote a rate close to this amount, even if the market rate for the talent is significantly lower, thereby maximizing their margin.
The concern with many providers (hopefully not Tecla) is that they assess budgets to determine their pricing solutions and extract as much margin as possible. To avoid falling into such traps, we recommend to opt for companies that provide expected salaries or ranges on their website, allowing clients to know what to expect before discussing budgets.
So how much does Tecla.io really charges for Developers?
After providing our contact details, we expected to find accurate information on approximate prices and compensation distribution for candidates hired by Tecla. However, only on one of the last pages of the report are estimated annual salary ranges presented for Latin America. This lack of specific details can create uncertainty about the actual hiring costs and how they are distributed between the company and the candidate.
Tecla's Costs for US Companies
In our search for additional information on Tecla pricing, we found a reference on Clutch.co. According to the available information, Tecla charges between $25 and $49 per hour for a full-time candidate. However, there's no clear information on how these prices are calculated or whether they include additional costs.
Among the few reviews provided on Clutch, one caught our attention, where the client states they pay around $18,000 per month for a designer and two developers. Referring to Teilur Talent pricing table, a reasonable price for a designer would be $3,000/month, while an experienced web application developer with over 4 years of experience averages around $5,000/month. Therefore, the client would pay us $13,000 per month for the three hired candidates.
- Tecla.io requires you to talk to a sales person to figure out pricing.
- We recommend if you look for pricing transparency, to look for companies that disclose rates and pricing on their website before you talk to a sales person.
- A deeper analyzes shows some insights that Tecla.io might charge X for Y software developer.
If you're interested, you can also check out BairesDev's pricing model and get insights into how much they charge clients compared to other players in the market.
Final thoughts on the pricing structure of Tecla
One positive aspect we found at Tecla, is that they promise a completely free experience for candidates, which can be seen as a positive aspect. However, we believe there should be a balance of benefits for both candidates and the companies they are hiring. Companies trust us for recruitment and development of their personnel, and by not charging candidates, the entire fee is borne by the clients. This could explain the higher prices for their clients.
If you are looking for a partner that enables you to hire the best latin american talent with straight forward and transparent pricing check-out Teilur Talent.
Start interviewing candidates for development, engineering or tech roles.