Traditional remote recruiting companies often lack transparency in pricing, leaving both clients and developers in the dark about how much each party is being paid. This can lead to developers being underpaid for their work, while clients are left with a lack of understanding about the true cost of hiring a remote developer. That's where Teilur comes in. As a company that focuses on transparency and fair compensation, Teilur is disrupting the remote recruiting industry with its unique pricing model.
The Problem with Traditional Pricing
Many traditional remote recruiting companies hide fees and markups, making it difficult for clients to understand the true cost of hiring a remote developer. For example, a company may tell the client that the cost for a front-end developer is $8,000 per month, but in reality, they may only pay the developer $4,000 per month and keep the rest as their fee. This lack of transparency in pricing can also lead to developers being underpaid for their work, with the majority of the payment going to the recruiting company rather than the developer who is doing most of the work.
As a result, when developers realize how much recruiting companies keep as a percentage of the total payment of a candidate, more distrust and resentment arises, given that the developer is the one putting most of the effort of doing the work. The secrecy and the lack of disclosure of recruiting companies create even more distrust between a developer and the recruiting agency. Most developers see recruiting companies as an added tax to their work more than a partner.
Think about it. If you as a hiring manager hire and manage a great software who is putting their sweat and tears into your product or business, and you pay the developer $8,000 per month, but you know he only gets $4,000, regardless if $4,000 is a high salary in Latin America or not, you will not think it is fair that the recruiter keeps half of the pay.
This is where Teilur Talent's transparent pricing model comes in. Teilur Talent aims to solve this problem by aligning the incentives of developers and companies, and creating a more equitable relationship between the two parties.
The Benefits of Teilur Talent's Transparent Pricing Model
Teilur Talent's 20% fee is fully transparent, with clients knowing exactly how much they're paying and developers receiving fair compensation. This creates trust and fosters a better working relationship between developers and clients. With the focus on transparency, clients can be assured that they're getting the best value for their money, while developers are fairly compensated for their work.
Teilur Talent's model reduces costs for clients and increases pay for developers, making it a win-win situation for both parties. This has helped to establish Teilur Talent as a company that values fairness and transparency, setting it apart from traditional remote recruiting companies.
How Teilur Talent's Model is Disrupting the Remote Recruiting Industry
Teilur Talent's focus on transparency and fair compensation is resonating with clients and developers alike. The company has successfully connected clients with top talent in Latin America while providing a transparent and fair hiring process. By disrupting the traditional remote recruiting industry with its unique pricing model, Teilur Talent is challenging the status quo and setting a new standard for how remote recruiting should be done.
One of the biggest challenges facing U.S. tech companies today is finding and retaining top talent. With turnover rates for software engineers at an all-time high, it's more important than ever to provide fair compensation and a supportive work environment. According to the 2021 Bureau of Labor Statistics report, the average turnover rate for software engineers is a staggering 57.3%.
At Teilur Talent, turnover rates are less than 15%. This is a testament to the company's commitment to fair compensation and transparency. By working with Teilur Talent, U.S. tech companies can reduce their turnover rates and retain their talent for longer periods of time. This has numerous benefits, including reduced costs associated with retraining new talent and the ability to build stronger teams that are more aligned with the mission and goals of the company.
Teilur Talent's transparent pricing model is disrupting the remote recruiting industry by setting a new standard for transparency and fair compensation. With its focus on building trust and fostering better working relationships between clients and developers, Teilur Talent is well-positioned to continue to grow and succeed in the remote recruiting space. If you're looking to hire remote tech talent, choosing Teilur Talent means you can be confident that you're getting the best value for your money while supporting a company that values fairness and transparency.