Hello all,
I recently started a recruitment firm. I searched in the search box and in different discussion categories, but could not find it.
1. I want to know why candidate stability warranty (candidate replacement guarantee) is given?
2. Why is the stability warranty a standard 3 months?
From India, Delhi
Acknowledge(0)
Amend(0)
1I recently started a recruitment firm. I searched in the search box and in different discussion categories, but could not find it.
1. I want to know why candidate stability warranty (candidate replacement guarantee) is given?
2. Why is the stability warranty a standard 3 months?
From India, Delhi
Acknowledge(0)Amend(0)
Hi,
Generally, a 3-month warranty is provided to ensure that the candidate will work for the company on our behalf. What if the candidate leaves after 1 month when you have already paid the recruiting charges? Also, 3 months is standard because usually in IT companies, the notice period is 3 months. In case the candidate leaves without serving the notice period, placement consultants are responsible for the replacement. In non-IT firms, the guarantee (not warranty) is for 1 month.
From India, Hyderabad
Acknowledge(1)Amend(0)
Generally, a 3-month warranty is provided to ensure that the candidate will work for the company on our behalf. What if the candidate leaves after 1 month when you have already paid the recruiting charges? Also, 3 months is standard because usually in IT companies, the notice period is 3 months. In case the candidate leaves without serving the notice period, placement consultants are responsible for the replacement. In non-IT firms, the guarantee (not warranty) is for 1 month.
From India, Hyderabad
Acknowledge(1)Amend(0)
3 months' notice means the firm believes that within 3 months, they will be able to find a replacement so that their work will not be affected. Therefore, if a candidate leaves without notice, we must provide an immediate replacement to ensure that their work does not suffer.
In the case where the company has a 1-month notice provision, we should offer a 1-month stability guarantee.
How do guarantee and warranty differ in this case?
From India, Delhi
Acknowledge(0)Amend(0)
In the case where the company has a 1-month notice provision, we should offer a 1-month stability guarantee.
How do guarantee and warranty differ in this case?
From India, Delhi
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Notice period.jpg
Notice Period Extension Letter Format.doc