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Hourly Consulting is the most common mode of onboarding consultants. In this model, consultants are onboarded for a minimum number of hours per engagement at an hourly rate. The consultant prepares a timesheet at the end of each week, which is approved by the responsible manager. MindSource bills the client at the billing rate and pays the consultant at the agreed on hourly rate. Overtime must be approved in writing by the hiring manager in advance. The work product is time and material – with the client manager assuming responsibility for directly managing the consultant. The consultant remains employed by MindSource after termination of the contract. Advantages of hourly consulting are:
- Rapid Onboarding,
- Access to senior talent pool,
- Capex/Opex Accounting
- Fixed Length Commitment of Resources.
The client pays an agreed rate and MindSource assumes the responsibility for employee benefits, immigration, and performance reviews.
Contract to Hire
Contract to hire (or try before buy) is a consulting engagement with conversion terms built in prior to the beginning. It’s important to first determine if the consultant would entertain a full time job. Typically a pro-rata conversion agreement allows for a commission to be paid to MindSource for conversion of its consultant based on the number of hours worked.
Contigency Search (or perm search) is an engagement by the client for MindSource to search for a regular full time employee. Fees are charged contingent on placement, often with a guarantee. MindSource bills the client a percentage of the annual salary after the employee has successfully worked for a period of time. Contingency Search is a slower process and best suited for groups of similar skill sets.
Recruitment Process Outsourcing allows MindSource to manage all aspects of onboarding for either consultants or regular full time employees. In this mode, the client pays a monthly fee for process management, and a commission based on objectives. MindSource creates the recruitment framework which can include job fairs, websites, sub-vendor management, contract, benefits negotiation, and interview scheduling.
Fixed Scope Projects are predicated the client having prepared a solid specification of deliverables. MindSource will develop the software against that scope for a fixed price. Any changes to the scope are handled with a change-order process.
Statement of Work
Statement of Work projects represent a hybrid between (hourly) consultant and fixed scope solution and works well in agile development environments. A rough estimate is made of the whole project with many of the details left open. The Statement of Work is prepared as an fixed dollar amount that correlates roughly to the deliverable. The SOW is updated periodically on the fly to adjust to deliverables being added or removed.
Onshore managed services enable the client to gain access to world-class resources and expertise that are outside of the organization’s core competencies and gives them flexibility in resource allocation. When a client selects this model, MindSource provides expertise and project management for a particular project in the client’s country of origin. MindSource identifies the required resources and manages the project for the client throughout the life of the project.
Offshore managed services enable the client to gain access to world-class resources and expertise that are outside of the organization’s core competencies and gives them flexibility in resource allocation. When a client selects this model, MindSource provides expertise and project management for a particular project in other countries than the client’s country of origin. MindSource identifies the required resources and manages the project for the client throughout the life of the project.
Resident managed services are like onshore managed service only differing in the location of the consultant. In this model, MindSource will be present at the client’s site to provide their services.
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With decades of experience addressing the demanding needs of Silicon Valley high tech clients, MindSource couples our well-defined best-of-breed recruiting methods with a consultative approach to best meet your needs.