Newton Colmore has been trialling a brand-new recruitment product, Newton4, over the last six-months and have found it to be very useful for start-ups, spin-outs and scaling up companies.
Often, Founders, CEO’s, CFO’s, CTO’s, COO’s and other senior executives have mentioned the initial financial outlay as an obstacle when trying to recruit top talent, which is why we started engaging to find out how to make recruitment services easier to access.
Newton4 is a product for permanent recruitment that spreads the cost of the recruitment fee while increasing the rebate period you have.
The nuts and bolts of Newton4;
- The permanent recruitment fee is changed from a one-off payment (when the candidate starts) to being split over four-quarters, helping with the budgeting, cash flow management and burn-rates of your company or team.
- The rebate period is increased from the industry standard of 8-12 weeks to nine months, offering greater protection on your key hires.
Newton4 was designed while talking with leadership experts/executives in the Biotech, Medical Devices and Science sectors. Some who worked directly for start-up/scale-up companies and some who operate as external consultants for these companies. We were advised that this would offer extra piece of mind for start-up and scale-up companies while granting them access to a wider pool of experts that could help with success of their vision.
We soft-launched Newton4 with a few companies, and the feedback has been very positive. It has shown that we have been entering into a recruitment partnership with these companies. We’ve been working in the Biotech, Medical Devices and Science sectors for over 15-years and pride ourselves by working in partnership and helping companies succeed.
Why?
“Why would we offer this service? Doesn’t this open ourselves up to more risk?”.
Questions like this is what we have been asked, but again, we focus on working in a partnership with the companies we support. We have confidence in the candidates we put forward for roles, so why wouldn’t we back our services and candidates by offering extra protection?
Want to know more?
Do you want to know more about Newton4, Newton Colmore, our services or anything else? Schedule a consultation with Newton Colmore:
- Andrew Welsh – welsh@newtoncolmore.com
- Matt Lowdon – lowdon@newtoncolmore.com
- Phone number – 0121 268 2240
- Website – https://www.newtoncolmore.com/
- Newton4 – https://newtoncolmore.com/newton4.pdf
Newton4 is in early stages of development, so any constructive feedback would be welcomed.
Please comment, like and share if you know anyone who could benefit from Newton4.
