Hiring is risky business. No matter how good your hiring process, there are still many unforeseeable factors that can cause a quality hire to leave your employ early. Some of these unforeseen reasons include:
- Marriage or engagement
- Trailing spouse
- Child care
- Elder care
- Return to school
- Career change
- Better weather
- Better opportunity
- Culture clash
- Personality conflict
- Extended military leave
- Family commitment
The list is endless. As a result, the recruitment industry has been understandably resistant to guaranteeing their placements for any more than a nominal 30, 60, or 90 days.
But now, with Hire Golden's No-Fault Hiring Guarantee , you can unconditionally guarantee the success of your new hires that you or another recruiter have recruited, for any length of time, for just 4% per year. If, for any reason, the guaranteed hire leaves your employ within
the policy term, we will promptly replace them at no charge!
See our No-Fault Hiring Guarantee below.
It's Easy to Guarantee a New Hire
To guarantee a new hire, all you need to do is send the individual's résumé, job description, and compensation (salary or first year target earnings) along with a non-refundable $150 application fee.
We evaluate the individual's hiring risk using our proprietary selection technology.
- If we rate the individual a Golden Hire — a 6 or 7-star rating on our 7-Star Rating System (see below) — we will underwrite the new hire for just 4% of his or her starting salary (or on-target earnings) for each year of coverage.
- If we rate the individual a Mediocre Hire — a 5-star rating — we will advise you against making the hire, but will still guarantee the individual for 8% per year of coverage.
- If we rate the individual a Bad Hire — a 1, 2, 3, or 4-star rating — we will strongly advise you against making the hire and will decline to underwrite the individual.
How to Compute the Guarantee Premium
Premium = Salary x Premium Rate x Years of Coverage
For example, if the guaranteed hire is rated a 7 and has a starting salary of $50,000, your premium for one year of coverage will be $2,000
($50,000 x 4% x 1 year).