The standard hiring rate for agencies ranges from 15 to 20% of the first year's salary for a permanent position held by the recruiter. Some agencies may charge up to 25% for difficult to fill positions. Fees can vary significantly depending on sectors, market conditions and position specialization. Top Echelon Network is a split-location hiring network.
Since 1988, the Top Echelon recruiter network has helped recruiters generate more revenue by dividing locations. Also since then, the Network has been a valuable source of information, especially in terms of hiring trends and statistics. Therefore, any discussion of higher recruiter fees must include what is happening within the Network. Especially if your company operates in an industry where positions are difficult to fill, relying on the experience of a recruitment agency can help your company not only get better hires, but also to spend much less time doing so.
In retained search, the customer usually pays the recruitment agency over a phased period to maintain its recruitment services. The fee you pay for contingent recruitment depends on the recruiter finding the right candidate and you hiring him. Most recruitment agencies, or independent recruiters, post jobs, review hundreds of job applicants' resumes, proactively search for a large number of additional passive candidates, pre-screen and schedule telephone and in-person interviews. But what about specific numbers? What type of hiring fees do Top Echelon Network recruiters normally charge? Finding, evaluating and selecting the best candidate for a job is an art that professional recruiters perfect through years of interaction with candidates and customer feedback.
When a recruitment agency works on a contingent fee basis, it is only paid once the candidate accepts a job. Aldebaran Recruiting is a high-performing recruitment and talent search firm specializing in marketing, advertising, media, public relations, sales, business development and operations. Recruiting agencies' fee structures are usually different depending on whether the placement is for temporary or permanent work. The best way to ensure that someone pays your recruiter fee is to make sure that they are legally required to pay your recruiter fee.
That's the positive twist on why hiring fees are worth paying or why you should work with a recruitment agency. By exhausting all the knowledge, tools and time available to them, recruitment agencies are often able to attract passive job seekers who, even if they are not actively seeking new employment opportunities, may be the best candidates for vacant positions. You pay that recruiter to do a search for you, and that recruiter will generally have exclusivity in performing that role.