What is Transparent Rate Pricing?

Published on
Feb 27, 2024
Written by
Juan David Rodríguez
EDITED by
Lisa Dahlgren
Read time
5 Minutes
Category
Talent Insights

Transparent Rate Pricing is emerging as a transformative trend in the remote recruiting sector, particularly within the tech industry. This innovative approach, led by Teilur Talent, an emerging player in the industry, is addressing the longstanding issues of lack of transparency in pricing structures, fostering trust, and ensuring equitable compensation between clients and developers. In this article, we delve deeper into the essence and the two main pillars of Transparent Rate Pricing and its significant impact on the outsourcing and nearshoring industry.

The Dilemma of Hidden Costs

Traditionally, many remote recruiting companies have obscured fees and markups, causing a disconnect between clients and developers. This lack of transparency often results in a disproportionate distribution of payments, with the majority being retained by the recruiting firm, leaving developers feeling exploited and undervalued and clients feeling most of the money is going to a third-party.

The Imperative of Transparent Rate Pricing

TransparentRate Pricing, a concept championed by Teilur Talent, is crucial for building trust and ensuring equitable remuneration in remote recruiting. It is built on two main pillars:

Pillar 1: Transparency Before Interaction

Teilur Talent exemplifies this pillar by disclosing the distribution of payments between the company and the hired talent directly on their website and making a stand that the company will never charge more than 20% of the gross payment of a client.

For instance, if a client pays Teilur Talent $7,000/month for a full-stack Software Engineer, it is clear that at least $5,600 goes directly to the developer, with Teilur Talent retaining a maximum of $1,400. This level of transparency is established before any interaction with a sales representative, ensuring clarity from the outset.

different plan structure - Teilur talent

Pillar 2: Clarity in Expected RatesThis pillar is foundational as it ensures that potential clients gain a clear understanding of service rates before any formal engagement or discussion begins. This clarity is crucial to disrupt the prevalent industry practice where companies, after gauging a client’s budget, propose candidates and quote rates that align closely with this amount, often to maximize their margin.

For instance, if a company learns that a client's budget is $10,000, they might propose a candidate and quote a rate close to this budget, even if the prevailing market rate for the talent is significantly lower. This practice often results in the company extracting as much margin as possible, leaving clients in the dark about the true value and cost of the services they are receiving.

Teilur Talent is keen on disrupting this practice by providing expected salaries or ranges directly on their website, allowing clients to know what to expect in terms of costs before any discussion about budgets begins, ensuring transparency and fairness from the outset and avoiding the pitfalls of hidden costs and inflated margins.

Teilur Prices

Advantages of Transparent Rate Pricing

The introduction of Transparent Rate Pricing in the remote recruiting landscape can significantly benefit both clients and developers. It demystifies the actual cost of hiring a remote developer, allowing clients to make informed decisions and optimize resource allocation, leading to heightened project success and improved ROI.

Developers, under Transparent Rate Pricing, experience a more affirming and rewarding work environment. Feeling valued and fairly remunerated, developers are inclined to commit to their companies long-term, reducing turnover and fostering a more cohesive and productive team.

Transparent Rate Pricing, spearheaded by Teilur Talent, is a revolutionary step towards establishing trust and ensuring fair compensation in the remote recruiting sector. By adhering to the principles of transparency before interaction and clarity in expected rates, we are paving the way for a more equitable and transparent future in the outsourcing and nearshoring industry, promising successful collaborations and robust team dynamics. For more insights and details on Transparent Rate Pricing, visit Teilur Talent’s website.

Need help with cost expectations? 

Costs vary depending on the final offer our candidate accepts. 80% of what you pay goes to the candidate, and the remaining 20% is our fee. We’ve put together some examples of price ranges with all fees included, to help you establish clear pricing expectations for the services we offer.

Pillars
Colombia
Argentina
Mexico
Brazil
Group 1. Coordinators, data analysts, tech sales

$1,500 - $2,000

$1,500 - $2,000

Group 2. Product, designers, growth marketers

$2,000 - $3,500

$2,000 - $3,500

Group 3. Developers and Sr. tech talent (4+ years)

$3,500- $5,000

$3,500- $5,000

Group 4. Sr. software & data engineering (7+ years)

$5,500- $8,500

$5,500- $8,500

1:1 recruiting support

via integration

Talent focus
Pillars
Colombia
Argentina
Mexico
Brazil
Group 1. Coordinators, data analysts, tech sales

$18,000 -$24,000

$18,000 -$24,000

Group 2. Product, designers, growth marketers

$24,000 -$42,000

$24,000 -$42,000

Group 3. Developers and Sr. tech talent (4+ years)

$42,000-$66,000

$42,000-$66,000

Group 4. Sr. software & data engineering (7+ years)

$66,000-$102,000

$66,000-$102,000

1:1 recruiting support

via integration

Talent focus

*Transparent pricing refers to understanding how much a company takes as a percentage of how much a client pays for hired talent. These prices are estimates and always depend on the final offer the candidate takes.

Need help with cost expectations?

Our hiring costs vary depending on the candidate's accepted offer. Use our calculator to estimate costs for different roles.

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At Teilur, Inc, we are committed to accuracy and fairness in all our content. Our discussions and comparisons, particularly those concerning other businesses in the recruitment industry, are grounded in the best interpretations made by our dedicated staff, based on publicly available information. We hold a deep respect for the unique qualities of each organization within our field and strive to offer valuable insights rooted in our core beliefs about the recruitment industry's workings. If you encounter any factual inaccuracies in our content, we encourage you to reach out to us at content-research@teilurtalent.com with the specific URL in question. Your feedback is invaluable, and we are committed to reviewing and addressing your concerns.

Got questions? We've got answers.

1

How is Teilur Talent different from other tech recruiting companies in LATAM?

At Teilur Talent, we take a mission-focused approach to recruiting, ensuring that our candidates are aligned with your company's vision and goals. Unlike other tech recruiting companies in LATAM, who may focus solely on technical skills, we prioritize the cultural fit and dedication of our team members to your company. For this reason, we do not support project contractor or freelancer roles. Instead, we focus on fully devoted team members who will help you achieve long-term success. If you are looking for freelancers to complete one-off projects, you probably are better off going to companies like fiver.com, toptal.com or upwork.com.

2

How does Teilur Talent attract and retain the best talent compared to other companies?

At Teilur Talent, we offer our candidates competitive salaries that are 2x to 3x higher than what tech companies would pay locally. This allows us to attract top talent and retain highly motivated and loyal team members. Additionally, we focus on finding candidates whose values align with the purpose, visoin, and mission of our clients. This approach ensures that our engineers and tech talent are not just coding and completing task—rather, they become part of a greater purpose, which gives them meaning and helps us attract and retain the best talent.

3

What are the typical tech roles that Teilur Talent recruits for?

At Teilur Talent, we specialize in recruiting for a wide range of tech roles that are typically in high demand. These include positions such as DevOps engineers, QA analysts and engineers, back-end and front-end developers, data scientists, product managers, business developers, and technical sales positions. Essentially, we recruit for most roles that are needed in B2B and B2C tech-focused businesses.

4

What are Teilur Talent's fees and pricing structure?

At Teilur Talent, we believe in transparency. We charge a flat rate fee of 20% of what the client pays. This way, our clients know exactly what they are paying for and how much the candidate gets. As an example: If a client hires a software engineer for $60,000 per year ($5,000 per month), Teilur's monthly fee would be $1,000 (20% of $5,000). We don't believe in hidden fees or unwanted surprises, so we disclose all costs upfront to both candidates hired and companies. When exploring other alternatives, make sure they are transparent about their pricing. We believe this is paramount for the benefit of all parties involved in this new era of remote work.

5

What is the candidate screening process at Teilur Talent, and how do you ensure a good fit for my company?

At Teilur Talent, we take candidate screening very seriously. We use a multi-layered approach to find the best candidates for our clients, starting with screening thousands of candidates from our internal and proprietary networks. We leverage AI technology to assess whether a candidate matches the technical skills required for a given job opening. We also perform additional personal evaluations to ensure that the candidate has the soft skills, culture fit, and English language skills required to excel in their new role. Our rigorous screening process ensures that only the best candidates make it through to our clients, saving them time and helping them find the best talent for their teams.