How much should I be paying in recruitment fees?

The fees which recruitment agencies charge can be significant, especially with higher-paid staff. As a general rule, a recruitment agency will charge between 10-30\% of the base annual salary.

What is the average cost of recruitment?

A recent survey by the Society of Human Resource Management (SHRM) found that the average cost per hire is just over $4,000. This number is the average across all the companies SHRM surveyed.

How much do recruiters charge per placement?

The average percentage fee is 20-25\%, though it can range from as low as 15\% to as high as 40\% or more, depending on the firm the headhunter works with and the type of job position being filled.

How much does hiring a recruiter cost?

Contract recruiters usually charge an hourly rate ranging from $75 to $150 an hour, though the rate may be as low as $25 per hour in some low-wage parts of the country.

Does recruiting pay well?

The average recruiter in the US earns $35,000 to $200,000 per year depending on the type of recruitment they do. The wide range in average recruiter pay is due to the two fundamentally different types of recruiters.

How does a job recruiter get paid?

Most agency recruiters have a base salary and are paid commissions by placing candidates with companies they recruit on behalf of. When an agency recruiter places a candidate on a direct-hire contingency basis they are paid a percentage based fee calculated off the job seeker’s first-year salary.

What is the average placement fee for recruiters?

Placement fees for Finance and Banking positions are #1 in the Network with an average placement fee of $33,922. However, the average fee percentage for Scientific is only 21\%. On the other hand, Engineering boasts the biggest average fee at 23\%. However, it stands in third place with an average recruiter fee of $24,521.

How much does a contract recruiter cost?

Contract recruiters usually charge an hourly rate ranging from $75 to $150 an hour, though the rate may be as low as $25 per hour in some low-wage parts of the country. Contract recruiters claim that this hourly billing arrangement usually costs much less (closer to 15\% of first-year compensation) than other types of searches.

What is the average recruiter fee in top echelon?

On the other hand, Engineering boasts the biggest average fee at 23\%. However, it stands in third place with an average recruiter fee of $24,521. What’s particularly encouraging is that nearly all of the top five industries in Top Echelon Network average over $21,000.

How do I make sure somebody pays my recruiter fee?

The best way to make sure somebody pays your recruiter fee is to make sure that they’re legally obligated to pay your recruiter fee. And yes, this agreement must be in writing. The recruiter agreement should spell out in no uncertain terms the conditions under which you will be paid for your services.